Source: Taiwantrade | Updated: 22 December 2015
The Colombian government announced a tariff reduction that includes lower duties on over 3,000 imported products, including building materials, electronic components, and packaging machinery in August, 2015.
Seizing the opportunity, the Taiwan External Trade Development Council (TAITRA), Taiwan’s foremost trade promotion organization, spearheaded a trade mission to Colombia, Panama and El Salvador from November 10th to November 20th, 2015. The mission was organized by the Bureau of Foreign Trade.
The group of Taiwanese businesses focused on strengthening business partnerships and facilitating collaboration between Taiwan and the countries mentioned above. Taiwanese suppliers have long been recognized globally for their quality products and competitive prices.
During the visits Taiwan signed a free trade agreement with both Panama and El Salvador. The agreements cover lowering of tariffs and expedient customs inspections. The FTA will not only facilitate business operations, it will also provide local buyers more business opportunity.
The mission was a success, satisfying more than 128 buyers who had taken part in some 326 one-on-one trade meetings, which generated over US $3 million in business deals.
The Taiwanese business group was composed of six distinguished enterprises, each offering specialized products. The six companies provide a wide range of products that include automobile parts, building materials, hand tools, electronic components, and food and packaging machinery. Most of these are branded, patented and/or quality certified.
The Taiwanese businesses were eager to find partners in the region, and the event provided them a great platform to explore partnership possibilities.
In the meantime TAITRA is preparing a trade mission to visit Mexico, Colombia, Peru and Brazil in March, 2016. The group will be composed of enterprises offering such products as auto parts, electronics, communications components, hand tools, fasteners and various industrial goods. For more information, please visit http://www.taiwantrade.com.tw/