Radio Taiwan International
Date: 2017-12-08

The Financial Supervisory Commission (FSC) has signed 14 MOUs or memoranda of understanding with nine countries.

Those countries are all targets of the government’s New Southbound policy. They include Thailand, Singapore, Malaysia, Vietnam, Indonesia, India, New Zealand, the Philippines and Australia.

The government introduced the policy last year to forge closer economic and cultural ties with New Zealand, Australia, India and ASEAN member countries.

On Friday, the FSC said it had signed another MOU on insurance with its Philippine counterpart at the 23rd Ministerial Joint Economic Cooperation Meeting in Manila. The two sides already have another MOU on banking, which was signed back in 2007.
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