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Taiwan, Poland sign financial, PV cooperation MOUs at Economic Consultations
Organization: Department of International Cooperation        Publish Date: 2017-10-13 16:35
Open new window for Vice Minister of Economic Affairs Wei-Fuu Yang and Undersecretary of State in the Polish Ministry of Economic Development Tadeusz Koscinski(JPG)
Taiwan and Poland inked two memorandums of understanding, on financial supervisory cooperation and on collaboration in the PV sector, Oct. 12, 2017.

The MOUs between the Financial Supervisory Commission and Polish Financial Supervision Authority and between the Taiwan Photovoltaics Industry Association and Photonic Society of Poland were signed during the 7th Taiwan-Poland Economic Consultations held in Warsaw. The financial supervisory MOU is the first of its kind that Taiwan has concluded with a Central European country.

The Economic Consultations were co-chaired by Vice Minister of Economic Affairs Wei-Fuu Yang and Undersecretary of State in the Polish Ministry of Economic Development Tadeusz Koscinski.

The two sides also achieved consensus in a range of other areas during the meeting, including on initiating bilateral coal ash reuse cooperation, establishing an information exchange platform on conformity assessment systems, and enhancing collaboration on support for startups and transport sector-related issues.

During the meeting, the Taiwan side also formally invited the mayors of the cities of Poznan and Cracow to lead delegations to Taiwan for the Taipei Smart City Summit & Expo next March to explore potential cooperation opportunities.

Vice Minister Yang stated that the Economic Consultations, first held in 2010, have been instrumental in promoting closer cooperation between Taiwan and Poland in various areas such as trade, investment, industry, and science and technology research and development, which has in turn helped to boost two-way trade and investment between the two sides.

Poland has experienced stable economic growth in recent years. In 2016, its GDP ranked tops among Eastern and Central European nations and 8th among EU member states. Growth for the year reached 2.8 percent, or 3rd in the EU.

The economies of Poland and Taiwan are highly complementary in nature, providing many opportunities for mutually-beneficial engagement. Some 30 Taiwanese enterprises have set up operations in Poland, with the investment total amounting to more than US$200 million.
Open new window for Taiwan, Poland sign PV cooperation MOU(JPG)
Open new window for Taiwan, Poland sign financial cooperation MOU(JPG)
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Update: 2017-10-20