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Seminar on the Business Opportunity in Iran

Source: Taiwantrade | Updated: 07 July 2018

In order to facilitate the economic and cultural relation between Taiwan and Iran, the Taiwan Iran Business Association (TIBA) held a seminar recently: “Seminar on the Business Opportunity in Iran” from 10:00 AM to 12:00 AM on December 24, 2014 in the Taipei International Convention Center. 210 guests from the government and private sector attended the seminar.



Three keynote speakers delivered speeches regarding Iran’s current economic condition, tourism and industrial opportunities. Vice President Wu, Den-Yih, also attended and delivered a speech. He also presented trophies to express gratitude to the representatives from five significant contributors to the “Taiwan-Iran Trade Settlement Mechanism” namely Taiwan External Trade Development Council, CPC Corporation Taiwan, Formosa Petrochemical Corporation, Mega International Commercial Bank, and Export-Import Bank of the Republic of China.



Mr. Wu said when he was the prime minister of the Executive Yuan he asked the related ministries to set up the “Taiwan-Iran Trade Settlement Mechanism” to solve the banking problems caused by the sanctions against Iran. Now, there are 550 Taiwan companies using this mechanism and 60% of the export volume went through it. Because of this mechanism, we can see how successful the government works with the private sector.



Because Iran may reach an agreement with the USA, China, Russia, France, the UK and Germany on June 30, 2014, people can foresee huge business opportunities in Iran. Three keynote speakers encouraged Taiwanese companies to take action now in order to seize the opportunity. Mr. Abraham Lin, former director of Taiwan Trade Center, Tehran, introduced the current economic situation of Iran and told the audience how Iran developed its economy under the international sanctions. Ms. May Lin, president of CP Travel Service Corporation, introduced the history and culture of Iran. She said that everyone should visit Iran during his/her lifetime. Mr. David Chen, president of Taiwan Electrical and Electronic Manufacturers' Association, introduced the industry in Iran and elaborated on the many opportunities for Taiwanese companies. This seminar provided a lot of information about Iran which attracted sizable audience.



Mr. Kim Tsai, president of TIBA, said that TIBA would continuously promote exchanges between Taiwan and Iran in the fields of economy, academy, culture and tourism. He invited people who are interested in Iran to join TIBA’s activities.


Abraham Lin abraham@taitra.org.tw


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