Taiwanese companies looking to move to Central America and the Dominican Republic

Taiwanese investors with companies already established on mainland China, in Vietnam and southern North America are now looking to Central America and the Dominican Republic.

Friday, August 8, 2008

They are seeking lower operational costs and are attracted by the business opportunities created by the Free Trade Agreement between the United States, Central America and the Dominican Republic (CAFTA-DR).
"We have encouraged the Taiwanese companies that are in southern United States to invest in Central America; we have suggested to Formosa that they establish themselves in the Dominican Republic so that they can produce there and export their products to the United States," said York Y.C. Liao, the secretary general of the Council for Economic Planning and Development (CEPD).



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