SVG strengthens ties with Taiwan

The Government of St. Vincent and the Grenadines and the Government of the Republic of China on Taiwan have entered into an agreement with each other for the protection and promotion of investment.{{more}}

This agreement was signed on Thursday, December 17, 2009, at the Foreign Affairs Conference Room by this country’s Deputy Prime Minister, Sir Louis Straker, and Taiwan’s Ambassador to St. Vincent and the Grenadines, His Excellency Ambassador Leo Lee.

Sir Louis said the agreement will intensify and strengthen the bond of friendship and the economic relationship which they seek to encourage between both countries. He also said that through this agreement, he expects that nationals of each country and enterprises would be encouraged to invest in each other’s state in order to bring economic prosperity.

The Deputy Prime Minister noted that the agreement, which consists of eighteen articles, will assist St Vincent and the Grenadines in achieving our economic goals, which are the upliftment of our people, meeting the millennium development goals and strengthening the bonds of friendship and economic ties.

Ambassador Leo Lee noted that the signing of this agreement will set the stage for the further advancement of both countries’ bilateral relations in terms of trade and investments. He noted that since the new government assumed office in Taiwan, they have given greater importance to trade and investment between Taiwan and its allies, and for this reason, he said a lot of resources have been placed in this area. Ambassador Lee noted that this year a delegation of manufacturers will visit this country to see the trade and investment opportunities in St. Vincent and the Grenadines. (API)