UK minister to announce major Taiwan investment

China | 9 Apr 2018 1:22 pm

Graham Stuart, minister for investment at the United Kingdom's Department for International Trade, arrived in Taiwan today on a two-day visit to enhance bilateral collaboration on trade and investment.

During his visit, Stuart will announce a major new Taiwanese investment project in the U.K. and witness the signing of a memorandum of understanding between the U.K. and Taiwan on marine engineering in the offshore wind energy sector, according to the British Office Taipei.

Stuart is also scheduled to meet with President Tsai Ing-wen, local officials, and British and Taiwanese business leaders, the office said in a press release.

Meanwhile, the Ministry of Foreign Affairs welcomed the U.K. minister's first visit to Taiwan, which it said will help build a closer bilateral partnership.

Stuart, a member of U.K. Parliament for Beverley, previously served as chair of the Education Select Committee of the House of Commons and assistant government whip with responsibility for the Department of Health and later for Treasury and the Ministry of Defense, according to the British Office Taipei.

In January, he was appointed to his current post, which involves promoting U.K. businesses overseas and encouraging foreign investment in the U.K., the office said.

The U.K. is Taiwan's third-largest trading partner in Europe, with bilateral trade of US$5.75 billion, according to MOFA data for 2017.

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