Finance Minister Su Jain-rong is promoting fiscal diplomacy and Taiwan's financial experience at the Asia-Pacific Economic Cooperation (APEC) summit. That was the word from the Finance Ministry on Thursday, following the summit's commencement in Bangkok on Wednesday.
The ministry says Su has shared how people in Taiwan can use their cell phones to file taxes and how the government is using AI and big data analytics to ensure efficient tax collection. Su also shared how Taiwan's eco-friendly initiatives support sustainable economic development and its goal to achieve net zero carbon emissions by 2050.
The ministry says Su has met with Taiwan's partners and other members of the New Southbound Policy (NSP) during the APEC summit. Taiwan introduced the NSP in 2016 to build its relations with other countries in the Indo-Pacific region in areas like education, technology, agriculture, and economic development.
The ministry says Su has discussed promoting international tax-customs cooperation, as well as strengthening economic relationships and exchanges with these partners.