UK hope to help renewable energy infrastructure in Taiwan: The 24th annual UK-Taiwan trade talks addressing a greener future & sectors counting energy, offshore wind power as well as agriculture.
The British-Taiwanese trade connection is anticipated to grow, as a current survey revealed British business confidence in Taiwan is stronger than ever before.
The UK is looking forward to working with its international trade partners to encourage more climate action & has vowed to share expertise with the Asian country on floating offshore wind as well as workforce planning for its renewable energy sector.
Nearly 30 UK offshore wind companies have prepared operations in Taiwan, that will assist the country on its path to attaining its 20% of its energy mix originating from renewables by 2025.
Trade between the 2 countries achieved £6 billion in 2021 & Taiwan is the UK’s 8th-largest trading partner in the Asia-Pacific area.
UK Minister for Trade Policy, Penny Mordaunt, stated: “I was pleased to co-chair the 24th UK-Taiwan trade talks where we made further progress towards strengthening cooperation between our economies.
“Our trading relationship is strong and there are growing opportunities for UK businesses.
“We held productive discussions on a number of trade and investment issues ranging from agriculture, offshore wind, pharmaceuticals and financial services & it’s been great to see UK companies sharing our world leading expertise in offshore wind to support Taiwan’s energy transition.”
UK hope to help renewable energy infrastructure in Taiwan