Exports to the 18 countries covered by the government’s New Southbound Policy increased by 15% in first quarter
By: Taiwan Today,Agencies
Taiwan’s exports to the 18 countries covered by the government’s New Southbound
Policy picked up more steam during the first four months of the year, reflecting the effectiveness of the initiative in driving the local economy, according to the Directorate-General of Budget, Accounting and Statistics June 2.
A key component of President Tsai Ing-wen’s national development strategy, the initiative seeks to deepen Taiwan’s agricultural, business, cultural, education, tourism and trade ties with the 10 Association of Southeast Asian Nations member states, six South Asian countries, Australia and New Zealand.
Citing statistics compiled by the Ministry of Finance, the DGBAS said exports to the regions totaled US$21.14 billion between January and April for a gain of 15.6 percent, compared to the 13.6-percent increase in the nation’s global exports over the same period. [FULL STORY]