| ID | 171734 |
| Title Proper | India-Taiwan Relations |
| Other Title Information | Burgeoning Economic Engagements |
| Language | ENG |
| Author | Singh, Teshu |
| Summary / Abstract (Note) | The Tsai Ing-wen led Democratic Progressive Party (DPP) government
re-launched the New Southbound Policy (NSP) in 2016. The NSP aims
at reviving and expanding ties with 18 targeted countries of South Asia
and Southeast Asia. The Chairman of the Taiwan External Trade
Development Council, James Huang, has said that India is the “jewel”
in the NSP. Consequently, the trade between India and Taiwan has
increased from US$ 5.32 billion in 2016 to US$ 7.05 billion in 2018
with a target of US$ 10 billion in 2020. Overall, the bilateral trade has
grown around 40 percent in two years. There are many complementarities
between the NSP and India’s Act East Policy. The trade dispute between
the US and China is yet another opportunity for India and Taiwan to
enhance their collaboration. With the re-election of Tsai Ing-wen, a
continuation of the ties and an additional robust policy to take forward
the bilateral relations is expected. |
| `In' analytical Note | Indian Foreign Affairs Journals Vol. 14, No.03; Jul-Sep 2019: p.222-234 |
| Journal Source | Indian Foreign Affairs Journals 2019-09 14, 3 |
| Key Words | Economic Engagements ; India-Taiwan Relations |