Harman Patil (Editor)

New Southbound Policy

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New Southbound Policy

The New Southbound Policy (Chinese: 新南向政策) is the initiative of the Government of the Republic of China under President Tsai Ing-wen to enhance cooperation and exchanges between Taiwan and 18 countries in Southeast Asia, South Asia and Australasia.

Contents

History

The policy was created to make Taiwan less dependent on Mainland China and to improve Taiwan's cooperation with other countries. The policy was officially launched on 5 September 2016.

Office

James C. F. Huang was appointed the first Director of the New Southbound Policy Office.

Promote economic collaboration

  • Trade offices will be set up by the Ministry of Economic Affairs in India, Indonesia, Myanmar and Thailand for Taiwanese companies to integrate with the local resources.
  • Service counters will be set up in Taiwan for business and trade promotions to countries covered by the policy.

    • Share resources

  • Expanding scholarships to students from ASEAN countries up to 60,000 students by 2019.

    • Budget

    The operational budget for the policy implementation is taken from the Presidential Office budget.

    References

    New Southbound Policy Wikipedia
    (Text) CC BY-SA


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