Taiwan

(asked on 21st October 2014) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, what assessment he has made of the UK's trading relationship with Taiwan.


Answered by
Lord Swire Portrait
Lord Swire
This question was answered on 27th October 2014

The UK and Taiwan enjoy a strong trading relationship. In 2013 total bilateral goods trade between the UK and Taiwan was £4.59bn. UK exports of goods to Taiwan increased 7.8% year-on-year to £1.16bn, the second highest level in history. Trade in services have been increasing over the last decade reaching £958m in 2012 (figures for 2013 will be available in November).

The Foreign and Commonwealth Office and the British Trade and Cultural Office (BTCO) in Taipei promote the trading relationship through engagement with industry, trade missions and trade visits, for example, the visit of the Lord Mayor of the City of London in January to promote financial services collaboration, and the bilateral trade talks in July.

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