Radio Taiwan International
Date: 2017-10-13
Taiwan is not attempting to compete with China’s One Belt One Road Initiative. That’s
Lai told lawmakers on Friday that Taiwan is not competing with China’s Belt and Road. (CNA photo)
the word from Premier William Lai on Friday.
The premier was echoing remarks by President Tsai Ing-wen the previous day regarding the government’s New Southbound policy. The policy seeks to boost Taiwan’s trade and cultural ties with nations in Southeast and South Asia as well as Australia and New Zealand. Beijing’s One Belt One Road Initiative aims to create greater economic cooperation in Eurasia.
President Tsai said the two initiatives do not need to compete but may in fact be complementary. Premier Lai expanded on this, also mentioning the Regional Comprehensive Economic Partnership (RCEP), another China-led trade initiative.
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