Taiwan Today
Date: October 26, 2016

Premier Lin Chuan directed 19 ministries and agencies to immediately draft key

Premier Lin Chuan is keeping the Cabinet’s shoulder to the grindstone in implementing the government’s New Southbound Policy. (CNA)

performance indicators for evaluating the effectiveness of New Southbound Policy implementation measures during a Cabinet meeting on the government initiative held Oct. 21 in Taipei City.

Strategies must effectively address the challenges faced by Taiwan companies while advancing sustainable development of the country’s industries, Lin said. As well as strengthening existing relations between Taiwan and its partners, the policy seeks to deliver win-win outcomes and protect the economic activities and investments of the country’s firms, he added.

The policy, a central plank in President Tsai Ing-wen’s national development strategy, aims to create fresh economic impetus and deepen business, cultural, education and trade links between Taiwan and Association of Southeast Asian Nations member states, South Asian countries, Australia and New Zealand. It also helps prepare the country to quickly adjust to changing global conditions and the trend toward regional economic integration exemplified by trade deals like the Trans-Pacific Partnership.    [FULL  STORY]