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Taiwan Bicycle Industry Eying Indonesia for Investments

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“Indonesia is among four countries alongside China, India and Vietnam that Taiwan is targeting for greater investments,” said Taiwan’s Minister of Economic Affairs Shih Yen-shiang (photo). “Opportunities include

Taiwan Bicycle Industry Eying Indonesia for Investments

JAKARTA, Indonesia – “Indonesia is among four countries alongside China, India and Vietnam that Taiwan is targeting for greater investments”, said Taiwan’s Minister of Economic Affairs Shih Yen-shiang (photo). “Opportunities include bicycles and motorcycle parts.”

Minister of Economic Affairs Shih Yen-shiang visited Indonesia last week at the head of a large business delegation, saying the nation held great promise as an investment destination.

“There is room for Taiwan and Indonesia to work together economically especially now that Taiwan and China have signed the Economic Cooperation Framework Agreement (ECFA).”

Taiwanese companies are seen as one of the biggest potential sources of the capital to help the Indonesia reach its growth target of around 7.7 % by 2014. “Taiwan’s investment in Indonesia as of June 2010 reached US$14 billion (10 billion euro), and Indonesia represents an important investment country in Southeast Asia for Taiwan. Indonesia will also be an indispensable country for our overseas manufacturing endeavours”, said Shih Yen-shiang.

 

 

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