Friday, July 26, 2024
spot_img
spot_img
HomeInnovationTaiwan - Guatemala signs agreement to supply electric buses

Taiwan – Guatemala signs agreement to supply electric buses

By Matthew Strong

TAIPEI, Taiwan, (Taiwan News) — Electric buses from Taiwan will soon ply a route between two cities in Guatemala following an agreement signed during the visit of a trade delegation to the Central American ally on Wednesday, July 13.

The Taiwanese group met with government officials in Guatemala, including its economics minister and deputy foreign minister, and attended a bilateral economic and trade forum, CNA reported.

In what the report described as a major breakthrough, Taiwan’s Tangeng Advanced Vehicles Co., Ltd. signed a memorandum of cooperation with Guatemala’s Luka Electric, the Innovate Group, and the city of Mixco to supply electric buses for services between Mixco and Guatemala City.

Since concluding a free trade agreement (FTA) in 2006, trade between the two allies has increased an average of 5 percent per year, with Taiwan’s exports to Guatemala increasing by 11 percent in January-May of 2022 compared to the same period last year. The Central American ally’s exports to Taiwan surged by 55.8 percent during the same comparable period, per CNA.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img

Caribbean News

IDB – EIB approves US$300 for climate and fiscal resilience in Barbados

BRIDGETOWN, Barbados, (GIS) - The Inter-American Development Bank (IDB) and the European Investment Bank (EIB) have approved guarantees totalling US$300 million to support an...

Global News

Belize requests extension for framework with International Atomic Energy Agency

BELMOPAN, Belize - Belize signed a letter requesting an extension for the Country Programme Framework (CPF) with the International Atomic Energy Agency (IAEA). The...