The UK and Taiwan are to strengthen trade links in key sectors such as energy.
International Trade Minister Greg Hands and Taiwanese Vice-Minister of Economic Affairs Mei-Hua Wang agreed last week to improve international dialogues in fields like biotechnology and clean power generation.
Trade between the nations grew to £5.35 billion last year and is expected to continue to rise, offering significant opportunities for UK companies.
Taiwan plans to increase its renewable energy production from 4% to 20% of supply by 2025, much of this made up from offshore wind generation.
As a leading offshore wind producer, the UK is poised to be a key partner in assisting this growth.
The UK will also offer its expertise in financing renewable energy projects and developing finance technologies in Taiwan.
Mr Hands said: “Our new trade dialogues in agriculture and energy will offer UK expertise in leading industries and I look forward to continuing to work together closely further deepen our trade and investment links.”