Taiwan to set up US$3.5 billion fund for New Southbound Policy

The China Post
Date: October 12, 20170
By: S.C. Chang

TAIPEI (CNA) – President Tsai Ing-wen (蔡英文) pledged Wednesday to establish a

President Tsai Ing-wen pledges to establish a US$3.5 billion fund to help countries covered by Taiwan’s New Southbound Policy with their infrastructure and major development projects during the Yushan Forum on Wednesday, Oct. 11, 2017. (CNA)

US$3.5 billion fund to help countries covered by Taiwan’s New Southbound Policy with their infrastructure and major development projects.

Tsai gave her promise while addressing the opening of the two-day Yushan Forum, sponsored by the government-affiliated Prospect Foundation, to help her administration promote the New Southbound Policy (NSP).

The NSP seeks to increase cooperation with Southeast Asian and South Asian countries, as well as New Zealand and Australia, as a means of reducing Taiwan’s trade and investment reliance on China.    [FULL  STORY]

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