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ESWATINI, TAIWAN TRADE AGREEMENT UNDERWAY

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EZULWINI – Negotiations are on course for the kingdom to sign a new trade agreement with the Republic of China on Taiwan.


Minister of Commerce, Industry and Trade Jabulani Mabuza has disclosed that the agreement was intended at maximising on the cordial relationship that exists between the two countries to create jobs, improve entrepreneurship and ultimately improve the economy for the better.


“Talks between the two countries have commenced but finer details will be released in due course,” said Mabuza during the Entrepreneur of the Year Award winners’ cocktail event convened at the Happy Valley on Thursday afternoon.


Investment


It should be mentioned that the E40 billion worth of investment into various sectors of the Swazi economy by the Republic of China on Taiwan since the year 2000 is also set to increase in the short term.   
This could be one of the positive spin- offs to be realised following the signing of an Memorandum of Understanding (MoU) between Taiwan and Swaziland business federations.


The Federation of Swaziland Employers and Chamber of Commerce (FSE&CC) and Taiwan Business Federation recently signed on the dotted line to mark the beginning of a long-term relationship between the federations.    

 
Special


FSE&CC President Andrew Le Roux previously said the federation highly acknowledged the very special relationship between The Republic of China on Taiwan and the Kingdom of Eswatini which had seen realisation of massive economic benefits for both countries. 
“Since the year 2000 the republic has invested over E40 billion in various sectors of the economy, including Agriculture, Education, ICT (in particular the Royal Science and Technology Park) and the rural electrification project,” said le Roux.

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