Boosting exchanges with India would be prioritized in the government’s New Southbound Policy, as the US is actively engaging India in its Indo-Pacific strategy to counter China’s Belt and Road Initiative, a Cabinet official said on Saturday.
The New Southbound Policy covers 18 nations: the 10 ASEAN members, six South Asian countries, Australia and New Zealand.
Among South and Southeast Asian countries, India is the only one that dares voice its opposition to China, and it is an important actor in the US’ Indo-Pacific strategy, which has prompted the Executive Yuan to pay more attention to the country in its regional and diplomatic work, said the official, who spoke on condition of anonymity.
Many Indian graduates in the areas of science and technology have visited Taiwan for internships or work, with many engineers working in Taiwan’s science parks, the official said, adding that Taiwan and India could further advance talent exchanges in related areas.
However, bilateral interactions this year have been limited due to the COVID-19 pandemic, especially as the outbreak in India remains severe, the official said.
This year’s planned exhibition on Taiwan-India exchanges under the New Southbound Policy has been transformed into a virtual event and delayed until Dec. 16 to 18, the official added.
India-China relations have been tense since soldiers from the two sides clashed along the Line of Actual Control in May.
Repeated attempts by the Chinese embassy in New Delhi to intervene with the Indian media, including a demand that they respect Beijing’s “one China principle” when covering Taiwan’s Double Ten National Day celebrations, have backfired.
Taiwan-India ties are promising, said Minister Without Portfolio John Deng (鄧振中), who manages the New Southbound Policy, when asked about an upsurge of anti-China and pro-Taiwan sentiment in India.
Asked about the Cabinet official’s remark that India ties would be prioritized, Deng said that every country covered by the policy is important and that Taiwan-India relations have greatly improved over the past few years.
Citing an example, Deng said that Taiwan in 2018 renewed a bilateral trade agreement with India following only a year of negotiations.
It shows that New Delhi attaches great importance to Taiwan’s investment environment, as it tends to conduct longer negotiations with other countries before signing an investment agreement, he said.
Taiwan has attracted many high-tech professionals from India, while some Taiwanese tech giants have invested in India, he said.
A magnitude 5.6 earthquake struck off the coast of Yilan County at 12:37pm today, with clear shaking felt across much of northern Taiwan. There were no immediate reports of damage. The epicenter of the quake was 16.9km east-southeast of Yilan County Hall offshore at a depth of 66.8km, Central Weather Administration (CWA) data showed. The maximum intensity registered at a 4 in Yilan County’s Nanao Township (南澳) on Taiwan’s seven-tier scale. Other parts of Yilan, as well as certain areas of Hualien County, Taipei, New Taipei City, Taoyuan, Hsinchu County, Taichung and Miaoli County, recorded intensities of 3. Residents of Yilan County and Taipei received
Taiwan has secured another breakthrough in fruit exports, with jujubes, dragon fruit and lychees approved for shipment to the EU, the Ministry of Agriculture said yesterday. The Animal and Plant Health Inspection Agency on Thursday received formal notification of the approval from the EU, the ministry said, adding that the decision was expected to expand Taiwanese fruit producers’ access to high-end European markets. Taiwan exported 126 tonnes of lychees last year, valued at US$1.48 million, with Japan accounting for 102 tonnes. Other export destinations included New Zealand, Hong Kong, the US and Australia, ministry data showed. Jujube exports totaled 103 tonnes, valued at
TRUST: The KMT said it respected the US’ timing and considerations, and hoped it would continue to honor its commitments to helping Taiwan bolster its defenses and deterrence US President Donald Trump is delaying a multibillion-dollar arms sale to Taiwan to ensure his visit to Beijing is successful, a New York Times report said. The weapons sales package has stalled in the US Department of State, the report said, citing US officials it did not identify. The White House has told agencies not to push forward ahead of Trump’s meeting with Chinese President Xi Jinping (習近平), it said. The two last month held a phone call to discuss trade and geopolitical flashpoints ahead of the summit. Xi raised the Taiwan issue and urged the US to handle arms sales to
BIG SPENDERS: Foreign investors bought the most Taiwan equities since 2005, signaling confidence that an AI boom would continue to benefit chipmakers Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) market capitalization swelled to US$2 trillion for the first time following a 4.25 percent rally in its American depositary receipts (ADR) overnight, putting the world’s biggest contract chipmaker sixth on the list of the world’s biggest companies by market capitalization, just behind Amazon.com Inc. The site CompaniesMarketcap.com ranked TSMC ahead of Saudi Aramco and Meta Platforms Inc. The Taiwanese company’s ADRs on Tuesday surged to US$385.75 on the New York Stock Exchange, as strong demand for artificial intelligence (AI) applications led to chip supply constraints and boost revenue growth to record-breaking levels. Each TSMC ADR represents