Taiwan-Soviet Trade to Rise
Anti-Communist Taiwan, encouraged by the visit of Moscow’s mayor, said Sunday that it will expand its rapidly growing trade with the Soviet Union.
Taiwan not only will open its market to more Soviet products, but make the Soviet Union eligible for financial aid, Vice Economic Minister Chiang Ping-kun said.
The Soviets will also be invited to bid on machinery needed for Taiwan’s state-owned enterprises and major construction projects.
Popov, the most senior Soviet politician to come to Taiwan, met with Sheu Ke-sheng, director general of Taiwan’s Board of Foreign Trade, and Foreign Minister Fredrick Chien.
Trade with the Soviet Union is booming since Taiwan dropped its long-standing ban on direct trade with and investment in Moscow.
Taiwan’s two-way trade with the Soviet Union rose to $77 million dollars in the first nine months of 1990, from $55 million in the same period last year.
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