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2024-01-12 00:00:00
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Taiwan and the Czech Republic have taken a significant step towards strengthening their economic and cultural ties by signing a Memorandum of Understanding (MOU) on December 22. Amb. Ke Liang-ruey, head of the Taipei Economic and Cultural Office in Prague, and David Steinke, head of the Czech Economic and Cultural Office in Taipei, formalized the agreement for the Business Opportunities Enhancement Program (BOEP). This MOU is designed to fortify the relationship between the two nations, boosting bilateral investment and trade. It envisages the creation of a collaborative platform for economic, trade, technological, cultural exchanges, and other shared interests to enhance commercial connections and information exchange.
The BOEP forms part of a joint initiative by the Taiwanese and Czech governments, focusing on reinforcing supply chain resilience and capacity building among democratic allies. As a strategic move, the Czech government plans to set up the Czech Center in Taiwan. This center aims to consolidate local resources and advance economic, trade, and cultural diplomacy, thereby intensifying ties with Taiwan.
In recent times, Taiwan and the Czech Republic have seen an upsurge in interactions, leading to increased cooperation in sectors like the economy, trade, technology, education, and humanitarian aid. The MOU is anticipated to further stimulate bilateral exchanges in industry, technology, arts, and culture, offering the people of Taiwan greater exposure to the diverse economic and cultural landscape of the Czech Republic.
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