Taiwan’s Cabinet has officially kick-started a program to promote its New Southbound policy.
The long-term program is aimed at forging closer ties with ASEAN nations, Australia, New Zealand, and countries in South Asia.
The program will focus on economic cooperation, personnel exchanges, resource sharing, and developing regional links.
National Development Council (NDC) Deputy Minister Kao Shien-quey spoke on Monday about the goals of the program.
“We hope to [build] links with those countries to share resources, professional talent, markets, and technical support," said Kao.
"[We] hope to create a new, mutually-beneficial and win-win model of cooperation in order to build an awareness of a closer common economic market," she said.
Kao said the government will help Taiwanese businesspeople to coordinate their resources in Indonesia, India, Myanmar and Thailand. There will also be an information center in Taiwan and the economics ministry will provide investment risk analysis as well.