Investors from Taiwan may take interest in Crimea - head of Taiwan rep office in Russia

Crimea may be of interest to investors from Taiwan and Taipei will not obstruct their investments in the peninsula, head of the Moscow office of the Taiwan-Moscow Coordination Commission for Economic and Cultural Cooperation Antonio Chen has said.

"If such an agreement [on the mutual protection of investments between Russia and Taiwan] is signed, in the future Taiwan companies will be able to regard Crimea as a promising direction for expanding their operations, especially considering that at the present moment the government of Russia is paying much attention to attracting investors to the peninsula," he said in an interview with Interfax.

In his opinion, "considering the competitive advantages of Crimea, tourism will probably become a priority direction [for investors from Taiwan]."

Chen said that the insular administration can encourage Taiwanese travel operators to include Crimea in addition to Moscow in their travel programs.

"Hence, I believe that when Taiwanese businessmen and tourists see the actual situation in Crimea, they may show interest in further cooperation with the peninsula. I believe that beautiful landscapes and a favorable climate may interest Taiwanese travel operators," he said.

"In the future cooperation may expand with Russian companies from other sectors," he added.

Asked whether Taipei could obstruct the operations of Taiwanese investors in Crimea Chen said: "No, our government is not placing any restrictions regarding not just Crimea but the whole of Russia."

Russia recognizes Taiwan an inseparable part of China and does not have political or diplomatic ties with it but has economic and humanitarian contacts.

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