The Executive Director of the Canadian Trade Office in Taipei, Mr.Mario Ste-Marie said the signing of the avoidance of double taxation in January 2016 will create a friendlier environment for bilateral investment for further cooperation in technology, health care and clean energy
He added that he hopes to boost cooperation in the area of clean energy as Canada hopes to expand its energy export market to Taiwan. Taiwan depends on energy exports particularly LNG (liquefied natural gas) as gas accounts for around 30% of the total energy consumption. Current supply sources come from Qatar, Indonesia, Malaysia and Papua New Guinea. Taiwan’s demand for LNG will continues to rise as the government promotes the use of natural gas for a low-carbon environment.
Another cooperation is in the area of the indigenous people. In Canada, Mr.Mario Ste-Marie said they are known as the First Nations. The cooperation focuses on education and work of the aboriginal peoples of the two sides.