The Taiwanese government announced it has lifted visa restrictions for Iranian applicants to travel to the Asian island. Furthermore, it will increase its oil purchases from Iran.
In a letter to the President of the Tehran Chamber of Commerce, Jerry S. Yang, the general manager of the Commercial Bureau of the Chinese Republic (Taiwan) in Dubai, announced that Iranian visa applicants will not need sponsors or guarantees.
The Taiwanese commercial representative in Dubai also announced that the Asian government wants to increase its oil purchases from Iran.
According to the letter, Taiwanese oil purchasing from Iran grew by 27% in the current year, so CPC, a major Taiwanese public oil company, and Formosa Plastic, another giant, have decided to augment their oil purchasing from Iran to 14m barrels/year from the current figure of 11m barrels.
In his letter to TCCIMA Chairman Masoud Khansari, Yang expressed hope that the TCCIMA bureau in Taiwan will be launched as soon as possible.