Guatemala would fully support Taiwanese businesses that pursue investment opportunities in the Central American ally, Guatemalan President Bernardo Arevalo said during a meeting with a Taiwanese textile delegation last week.
The Ministry of Foreign Affairs and the Taiwan Textile Federation led a delegation of seven Taiwanese textile businesses to visit Guatemala from March 10 to Saturday.
Arevalo met with the delegation on Tuesday last week, promising to fully assist Taiwanese investors on issues related to production, labor and administrative processes.
Photo courtesy of the Ministry of Foreign Affairs
The Guatemalan government values every investment Taiwanese businesses make and would strive to protect the rights of those companies with a convenient investment environment and transparent regulations, he said.
He also thanked Taiwan for fulfilling its promise to organize industrial delegations to the Central American country and expressed the hope that the countries would be able to achieve prosperity and economic growth through industrial cooperation and investment.
Federation chairman James Kuo (郭紹儀) and Apparel and Textile Association of Guatemala president Carlos Arias signed a memorandum of understanding on expanding bilateral trade and investment in the textile industry, the embassy in Guatemala said.
Guatemalan Vice Minister of Foreign Affairs Julio Orozco thanked Taiwan for showing confidence in the investment environment in Guatemala through concrete actions, adding that its government would provide total support to Taiwanese businesses, it said.
Taiwan’s textile industry boasts innovative technology and high-quality manufacturing, which would benefit from Guatemala’s proximity to the US market, Ambassador to Guatemala Miguel Tsao (曹立傑) said.
The visit is part of a ministry effort under a new program launched this year to deepen global industrial partnerships by cooperating with domestic professional associations to organize investment inspection tours and investment briefings, the ministry said in a news release on Saturday.
The program aims to diversify the nation’s connections to international strategic partners, bolster its position in global and regional supply chains, and advance its foreign aid efforts, it said.
The program would not only expand the market for domestic businesses, but also foster closer ties between Taiwan and foreign countries, it added.
Combining Guatemala’s status as a ratifier of the Central America-Dominican Republic Free Trade Agreement — an agreement between the US and six Central American countries — and Taiwan’s strengths in the textile industry, the cooperation could lead to a mutually beneficial and complementary industrial model, it said.
The delegation was comprised of representatives of Lealea Enterprise Co (力麗), Makalot Industrial Co (聚陽), Zig Sheng Industrial Co (集盛實業), Tainan Spinning Co (臺南紡織), Lovetex Industrial Corp (國紡企業), Texma International Co (德式馬企業) and Evertex Fabrinology Ltd (大統新創), it said.
The delegation also met with Guatemalan Minister of Economy Gabriela Garcia-Quinn and Guatemalan Vice Minister of Investment and Competition Antonio Romero, it said.
Additional reporting by CNA
‘DENIAL DEFENSE’: The US would increase its military presence with uncrewed ships, and submarines, while boosting defense in the Indo-Pacific, a Pete Hegseth memo said The US is reorienting its military strategy to focus primarily on deterring a potential Chinese invasion of Taiwan, a memo signed by US Secretary of Defense Pete Hegseth showed. The memo also called on Taiwan to increase its defense spending. The document, known as the “Interim National Defense Strategic Guidance,” was distributed this month and detailed the national defense plans of US President Donald Trump’s administration, an article in the Washington Post said on Saturday. It outlines how the US can prepare for a potential war with China and defend itself from threats in the “near abroad,” including Greenland and the Panama
The High Prosecutors’ Office yesterday withdrew an appeal against the acquittal of a former bank manager 22 years after his death, marking Taiwan’s first instance of prosecutors rendering posthumous justice to a wrongfully convicted defendant. Chu Ching-en (諸慶恩) — formerly a manager at the Taipei branch of BNP Paribas — was in 1999 accused by Weng Mao-chung (翁茂鍾), then-president of Chia Her Industrial Co, of forging a request for a fixed deposit of US$10 million by I-Hwa Industrial Co, a subsidiary of Chia Her, which was used as collateral. Chu was ruled not guilty in the first trial, but was found guilty
A wild live dugong was found in Taiwan for the first time in 88 years, after it was accidentally caught by a fisher’s net on Tuesday in Yilan County’s Fenniaolin (粉鳥林). This is the first sighting of the species in Taiwan since 1937, having already been considered “extinct” in the country and considered as “vulnerable” by the International Union for Conservation of Nature. A fisher surnamed Chen (陳) went to Fenniaolin to collect the fish in his netting, but instead caught a 3m long, 500kg dugong. The fisher released the animal back into the wild, not realizing it was an endangered species at
DEADLOCK: As the commission is unable to forum a quorum to review license renewal applications, the channel operators are not at fault and can air past their license date The National Communications Commission (NCC) yesterday said that the Public Television Service (PTS) and 36 other television and radio broadcasters could continue airing, despite the commission’s inability to meet a quorum to review their license renewal applications. The licenses of PTS and the other channels are set to expire between this month and June. The National Communications Commission Organization Act (國家通訊傳播委員會組織法) stipulates that the commission must meet the mandated quorum of four to hold a valid meeting. The seven-member commission currently has only three commissioners. “We have informed the channel operators of the progress we have made in reviewing their license renewal applications, and
RSS