Deputy Minister for Economic Affairs, Ms. Mei-Hua Wang (1st from left), Mr. William Liu, Deputy Director of the Bureau of Foreign Trade, MOEA (2nd from left), and ambassador Mr. Daniel T. C. Liao, Representative of the Taipei Mission in Sweden(opposite Deputy Minister Wang) at the Riksdag.
In order to deepen bilateral trade and economic ties with Sweden, Deputy Minister Ms. Mei-Hua Wang of the MOEA led a delegation to Stockholm on September 25th-27th. Deputy Minister Wang was not only invited to deliver a speech in the Riksdag of Sweden but also to co-chair the Taiwan-Sweden trade talks. During this meeting, measures for expanding collaboration in investment, innovation, smart cities, fintech, and multiple economic and trade issues were discussed by both sides.
Deputy Minister Wang was invited by Boriana Åberg, Chairman of the Swedish-Taiwanese Parliamentarian Association, to deliver a speech on September 25th about expectations of the Taiwan-Sweden trade and industrial partnership. This was the highest level of government to which a Taiwanese official had been invited. She emphasized that both Taiwan and Sweden share the same values of democracy, the rule of law, and human rights, and that both sides support the strengthening of the WTO multilateral trade system. From this foundation, we expect to deepen our partnership for mutual benefit. The speech won high recognition and support from several representatives of each political party and group in the Riksdag of Sweden, as well as from Håkan Jevrell, representative of the Swedish Trade & Invest Council in Taipei.
Sweden is Taiwan's largest trading partner and largest source of foreign investment in Northern Europe. Given the currently unstable global economy, it is particularly worth noting that Taiwan's total trade with Sweden during the first eight months of this year was 3% higher than the same period last year, reaching US$900 million. In addition, as of July 2019, Sweden's investment in Taiwan totaled US$573 million.