By Claire West

Taipei City Government's Mayor Hau and UK Trade & Investment Chief Executive, Nick Baird, will today sign a Host2Host Memorandum of Understanding (MOU) to develop deeper relations between the UK and Taipei City as it prepares to deliver the 2017 Universiade for elite university athletes.

The agreement, signed at today's Global Sports Projects Summit at the British Business Embassy, will help UK companies to capitalise on business opportunities associated with future global sporting events including the 2017 Universiade, for which contracts are expected to total £750 million.

It will also enable Taipei City to benefit from the UK’s experience of staging the London 2012 Olympic & Paralympic Games.

UKTI Chief Executive Nick Baird said:

“Following the unparalleled success of the London 2012 Games, UK Trade & Investment is helping British firms identify, win and deliver contracts for major sporting events all around the world.

“The 2017 Universiade represents a major opportunity for UK firms to export their expertise. This collaboration with Taipei City will help the UK maximise the economic legacy of the 2012 Games, and support Taipei as it delivers a world class competition.“

UK companies have a strong record of winning infrastructure contracts in Taiwan, and opportunities are expected to including infrastructure, event planning and management, security, low carbon technology and marketing.