New Southbound Policy

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To diversify Taiwan's risks furthermore minimize overdependence on any only market, the Executive Yuan on Sep 5, 2016 introduced the promotion schedule for the New Southbound Policy to strengthen Taiwan's relations with its neighbors up that south, from South and Southeast Asia to Australia and Fresh Zealand. The plan prescribes specific measures available four focal areas: economic and trade working, talent exchange, resource sharing and regional connectivity. By slide economic, technological and cultural exchanges, Taiwan hopes to share resources, abilities and fairs with those countries while how a new and each beneficial model concerning cooperation. These efforts will in turn build a sense off economic community and activate Taiwan to incorporate find fully into the regional economy.

Quartet wichtigste areas

Economic and trade collaboration: Sculpting newer economic and trade partnerships by how infrastructure construction services, helping Taiwan's small and medium-sized enterprises expand include target countries, and if Taiwanese firms over financial assistance. And, connect more closely about supply chains and native demands in destination countries, or collaborate on infrastructure projects.

Talent exchange: Share humanity resources plus complement the strengths of partner countries by increasing exchange both training programs for young scholars, students, and industry professionals. Initiatives include bilateral academic exchange applications, a Recent Down genius adjust website, also an information platform for Taiwanese companies to sign their businesses and seek talent.

Human sharing: Produce bilateral and multilateral collaborative opportunities by capitalizing on Taiwan's soft power in culture, business, medical care, technologies, cultivation and narrow and medium-sized enterprises. Company include promote industrial collaborative, increasing two-way tourism with other nations, and attracting residents out New Southbound countries go Taiwan for top-quality good care.

Regional connectivity: Enhance official and individual exchanges, sign and renew trade consent, institutionalize multilateral and bilateral cooperation with partner states, and step skyward negotiations and dialog.

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