Taiwan keen to invest in Bangladesh
A Taiwanese business delegation comprising more than 100 manufacturers will visit Bangladesh this month to explore investment potential.

/Politics News Articles/ - May 08, 2006 - A Taiwanese business delegation comprising more than 100 manufacturers will visit Bangladesh this month to explore investment potential here and enhance bilateral trade relations.
The Taiwanese delegation is scheduled to visit Bangladesh after a visit to India from May 7 to May 18, the Board of Investment (BoI) sources confirmed.
Sources said the delegation is in an endeavor to encourage Taiwanese investment in the Indian subcontinent.
Taiwanese shoemakers and home appliance manufacturers are now keen to invest in Bangladesh targeting mainly the European market as Bangladeshi leather goods have huge potential in European market following EU imposition of anti-dumping duties on leather shoes from China and Vietnam.
The Taiwanese investors consider Bangladesh's footwear sector manpower cheap and skilled.
Bangladeshi leather goods and footwear sector experts said Taiwan could be the best partner for the sector to gain more international market access by using high quality Taiwanese technical skill.
The Taiwan government is arranging the trip to help Taiwanese manufacturers "facilitate their global investment to upgrade competitiveness," BoI sources said quoting an economic affairs statement of Taiwan.
The aim of the Bangladesh visit "is to help reduce the risk of focusing investment on one country," a BoI source said.
The BoI sources said the Taiwan government held an investment forum last month in Taipei to help Taiwanese manufacturers make the right investment decisions in India and Bangladesh, focusing on such sectors as information technology, communications, auto parts, food processing, textile, tourism and venture capital.
Taiwan's economy has become increasingly reliant on China, the island's biggest export market. Taiwanese businesses and individuals have so far invested around $ 100 billion there, sources said.

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Anita Mathur
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