Guangxi, Taiwan enhance economic and trade cooperation

The 15th Guangxi-Taiwan Economic and Trade Cooperation Forum is held in Nanning on Sept 24. [Photo by Yu Jing/]

The 15th Guangxi-Taiwan Economic and Trade Cooperation Forum was held in Nanning, Guangxi Zhuang autonomous region on Sept 24, focusing on discussions around the New International Land-Sea Trade Corridor in the west region and the construction of the Guangxi Free Trade Pilot Zone.

Chen Wu, chairman of Guangxi Zhuang autonomous region, said at the opening ceremony that the approvals for building high-level platforms in Guangxi, such as a financial gateway for ASEAN and the free trade pilot zone, will bring huge business opportunities for Taiwan enterprises. Chen offered three proposals for further expanding economic and trade cooperation, upgrading the level of industrial cooperation, as well as strengthening ethnic cultural exchanges.

Pei Jinjia, deputy director of the Taiwan Affairs Office of the State Council, stressed that the Chinese mainland is one of the engines of global economic development that can provide more opportunities for Taiwan companies and Taiwan youth. The office will explore a new path for cross-straits integration and development, as well as introduce more policies and measures to benefit both sides.

Li Zhenghong, president of the Association of Taiwan Investment Enterprises on the Mainland, said that the association is looking forward to further expanding exchanges and cooperation with Guangxi to help Taiwan businessmen capture new development opportunities and achieve mutually beneficial results.

In addition to the forum, other economic and trade activities were also carried out, including a promotion conference on industrial cooperation zones, a processing trade industry reception, and agricultural exchange meetings.

Guangxi is one of the leading provinces for economic and cultural exchanges and cooperation between the Chinese mainland and Taiwan. The forum has been held for 15 consecutive years, generating fruitful results. As of the first half of this year, Guangxi had approved 1,798 Taiwan investment projects, with a contractual Taiwan investment of $11.71 billion. The actual amount of Taiwan investment was $5.76 billion.

Guangxi has also issued policies to benefit Taiwan compatriots, providing them with the same treatment as Guangxi residents in investment, entrepreneurship, and life services.