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| 1 |
ID:
171734
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| Summary/Abstract |
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.
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| 2 |
ID:
176609
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| Summary/Abstract |
2020 will be remembered for a number of reasons. COVID-19 has
changed the world in unimaginable ways. However, one silver lining
of the pandemic is that it expanded Taiwan’s global space. One of
the greatest developments of 2020 was a deeper understanding about
Taiwan worldwide, especially in India. Due to Taiwan’s impeccable
COVID-19 response and also India-China violent clashes in the
Galwan valley, domestic public opinion in India is increasingly shifting
in favour of Taiwan. However, despite this positive momentum, the
Indian leadership still remains cautious about elevating political ties
with Taiwan.
There have been calls to re-evaluate India’s China policy and advance
ties with Taiwan. India does not have formal diplomatic ties with
Taiwan, and the relations are managed primarily through unofficial
channels. The China factor has loomed large over the prospects of
setting the right context for India-Taiwan relations. While the recent
standoff has provided a window of opportunity for India to look
towards Taiwan, there is need for India to devise a long-term strategy
to engage Taiwan. Taiwan too, under the administration of President
Tsai Ing-wen, has emphasised the importance of strengthening ties
with India. A persistent policy and a long-term framework to guide
the relationship is the need of the hour
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