Legislative speaker pushes for Taiwan-India economic cooperation pact

Legislative Speaker Su Jia-chyuan (蘇嘉全) said Wednesday that he hopes Taiwan and India will sign an accord on economic cooperation as soon as possible to strengthen bilateral trade and economic ties.

In a meeting with Sridharan Madhusudhanan, director general of the India Taipei Association (ITA), Su said Taiwan’s government has been advancing its new southbound policy that promotes deeper relations with Southeast and South Asian nations, including India, Australia and New Zealand.

With the implementation of the southbound policy that was initiated by President Tsai Ing-wen (蔡英文), the government has not only been promoting regional trade, but also encouraging the cultivation of talent, Su said.

He said that if Indians studying in Taiwan remained to work after graduation, it would help ease the country’s shortage of talent and contribute to its economic development.

Su said that in August he had mentioned the idea of an economic cooperation agreement between Taiwan and India during a meeting with members of a visiting cross-party Indian parliamentary delegation.

In an example of people-to-people exchanges between the two nations, he said, Taiwan’s Tourism Bureau invited a group of Bollywood stars from India to visit Taiwan to shoot a TV program that promoted Taiwan as a tourist destination for Indians.

He noted that Taiwan’s economic development is based mainly on clusters of small and medium-sized enterprises in various sectors.

In response, Madhusudhanan said India’s economy has been growing and the government has been pushing an eastbound action policy.

It is an opportune time to promote economic cooperation between Taiwan and India, he said.

Source: Focus Taiwan News Channel

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