Taiwani business approaching Africa

ALEX, Egypt - July 18, 2013 - PRLog -- The Taiwan External Trade Development Council (TAITRA), the foremost non profit trade promotion organization in Taiwan has chosen Sheraton Montazah Hotel Alexandria Egypt for the accommodation of their 42 Taiwanese enterprises representatives within their visit to Ethiopia, Egypt, Libya and Algeria. Aim of the trip was to explore the many opportunities that are available in these emerging markets and seek to strengthen cooperative ties with their partners there.

According to economic ratings released by major international institutions, Taiwan was ranked 13^th among the 144 countries in 2012-2013 Global Competitive Report of the World Economic Forum (WEF). Taiwan’s investment environment also ranked 4rth among 50 countries in the world in a 2012 report by Business Environment Risk Intelligence (BERI). Furthermore, Taiwan was rated the world’s 16^th easiest place to do business in the World Bank 2013 annual report released October 2012.

Moreover, the signing of the Economic Cooperation Framework Agreement (ECFA) between Taiwan and China in June 2010 has paved the way for more trade pacts in the years to come. The agreement will help Taiwan link up with the whole Asia Pacific region, thus strengthening its position as a global distribution hub.

In Alexandria, the Taiwanese group have met with the Alexandrian businessmen, conducted trade meetings and presented a board range of products including ICT products, LED lighting products, hand tools, solar products, machinery , metal hardware, industrial equipment, parts and components, auto parts, vehicles, food products, textile, accessories and devices. Through this event, local business people had a unique opportunity to meet the delegates in person and discuss possible business cooperation.

The delegation’s visit to the Mediterranean city was concluded by a sightseeing tour to explore its best attractions and a sizzling sea food meal at the Coquillage Café of the Hotel in the presence of Atef Wilson, General Manager and Ghada Melouk, Account Director of Transient corporate.