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Ministry of Economic Affairs,R.O.C.

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2024-11-28 14:42
International Trade Administration, Ministry of Economic Affairs

Taiwan and Eswatini further enhance ties at 26th Economic & Technical Cooperation Conference

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Taiwan and Eswatini further enhance ties at 26th Economic & Technical Cooperation Conference
The 26th Economic and Technical Cooperation Conference between the Republic of China (Taiwan) and the Kingdom of Eswatini was held on Nov. 21, 2024, and was co-chaired by Taiwan Minister of Economic Affairs Jyh-Huei Kuo and Eswatini Minister of Economic Planning & Development Thambo Gina.

The two sides discussed a range of topics, such as cooperation on business digitalization, science parks, trade exhibitions, textile waste management, standards and inspection, and carbon credit capacity building, achieving fruitful outcomes.

Since the Taiwan-Eswatini Economic Cooperation Agreement came into effect in 2018, bilateral trade between the two sides has grown rapidly. In 2023, two-way trade totaled US$8.85million, representing an increase of 16.6% compared with 2017. In the same period, Taiwan's imports from Eswatini increased significantly by more than 17-fold.

The Taiwan government continues to actively assist in promoting Eswatini products in the Taiwan market and in facilitating industrial cooperation between the two sides, while Eswatini continues to voice support for Taiwan's participation in the international community. The two sides will continue engaging in bilateral cooperation in order to generate even greater mutually beneficial outcomes moving forward.