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Taiwan and the Czech Republic concluded three Memoranda of Understanding, underscoring the commitment of both sides to deepen cooperation post-pandemic.

Get to know the Czech companies which joined the business delegation to Taiwan to explore the opportunities of this Pacific island. These enterprises seeking new opportunities in the Tawainese market specialize predominantly in information technology, artificial intelligence, nanotechnology, engineering, construction, and healthcare.

This visit represents a unique opportunity for Czech entrepreneurs, as Taiwan is a world-leading giant in innovation and technology. Furthermore, the core stones of the Taiwanese economy are SMEs, which is a crucial factor for establishing equal partnerships between Czech and Taiwanese companies. Cooperation of enterprises with vast differences in size would not lead to a balanced partnership.

Czech politicians warned that China could respond to this visit by suspending investment in the Czech Republic. “We are more or less creating controversy out of this visit by ourselves. The whole world trades with Taiwan. It is the fourth most innovative and highly exportive economy. We keep assuming that this visit is anti-Chinese, which is absurd.” Diviš argues.

“It makes a lot of sense to deepen our cooperation with Taiwan, as Taiwanese companies employ 18,000 people in the Czech Republic. As far as I know, the Czech-Chinese relations are represented by a few people, we unnecessarily exaggerate this topic”, says Pavel Diviš.

Unlike almost every other country in the world, Taiwan has weathered the first wave of the COVID-19 pandemic admirably well.