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.