Date: February 26, 2016
A plan to set up a dedicated office under the Cabinet to handle Taiwan’s
international trade negotiations was announced Feb. 24 by ROC President-elect Tsai Ing-wen.
The initiative aims to spur Taiwan economic innovation and industrial upgrades by facilitating the country’s accession to regional trade initiatives like the Trans-Pacific Partnership. It dovetails with the chairwoman of the Democratic Progressive Party’s Southbound Policy announced last September.
Originating from the Go South Policy of ex-President Lee Teng-hui launched in 1993, the version proposed by Tsai seeks to strengthen Taiwan’s economic and cultural ties with members of the Association of Southeast Asian Nations and India.
“It is imperative for Taiwan to implement economic reforms and align itself with the global community,” Tsai said, citing structural changes heralded by such TPP issues as market opening, policy transparency, regulatory coordination and tariff concessions. [FULL STORY]