Premier promotes New Southbound Policy strategies and goals

  • Date: 2016-10-21
  • Source: Department of Information Services, Executive Yuan

Premier  Lin  Chuan  today  emphasized  that  in  addition  to  helping  Taiwan  enterprises  invest  in  Association  of  Southeast  Asian  Nations  (ASEAN)  and  South  Asian  countries,  the  government’s  New  Southbound  Policy  has  broader  goals  including  establishing  stable  bilateral  relationships,  creating  win-win  situations,  and  protecting  the  investments  and  economic  activities  of  participating  enterprises.  The  premier  also  expressed  hope  that  in  the  future,  domestic  enterprises  that  invest  abroad  under  this  policy  will  consolidate  operations  back  here  in  Taiwan.

Executive  Yuan  Spokesperson  Hsu  Kuo-yung  also  added  that  talent  exchanges  under  the  New  Southbound  Policy  are  subject  to  several  considerations.  As  the  ageing  of  Taiwan’s  population  is  clearly  an  issue,  in  addition  to  establishing  threshold  qualifications  for  foreign  talent,  the  government  also  needs  to  open  up  a  channel  for  qualified  personnel  from  Southeast  Asia  to  stay  here  so  that  Taiwan  can  retain  talent  and  strengthen  national  competitiveness.

Spokesperson  Hsu  also  said  it  is  very  important  to  protect  and  cultivate  second-generation  immigrants  to  keep  them  from  becoming  a  disadvantaged  social  group,  and  integrate  them  into  Taiwan  society.  That  will  require  comprehensive  policies  covering  education  and  employment  that  give  them  a  viable  path  back  to  South  Asia.  One  of  the  main  tasks  under  the  New  Southbound  Policy  is  to  encourage  Southeast  Asian  students  to  enroll  in  Taiwan’s  educational  institutions,  taking  good  care  of  them  and  helping  them  understand  the  Taiwan  environment.  So  even  if  these  students  choose  not  to  stay  in  Taiwan  after  graduation,  they  will  still  carry  good  impressions  about  Taiwan  back  to  their  home  country.  

Spokesperson  Hsu  went  on  to  say  that  as  a  people-oriented  initiative,  the  New  Southbound  Policy  hopes  to  reinforce  people-to-people  relations  and  exchanges,  which  in  turn  will  help  consolidate  industries  and  make  them  less  susceptible  to  political  changes.  The  policy  also  aims  to  connect  domestic  industries  with  ASEAN  and  South  Asian  markets  to  achieve  economies  of  scale.  To  expand  Taiwan’s  presence  in  Southeast  Asian  markets,  the  spokesperson  requested  that  the  relevant  agencies  map  out  strategies  to  leverage  each  industrial  sector’s  strong  suits,  and  step  up  communications  and  listen  to  the  opinions  of  various  industries.

The  New  Southbound  Policy  targets  18  Southeast  Asian  and  South  Asian  nations,  including  both  developed  and  developing  countries,  so  the  government  needs  to  work  out  industry  deployment  strategies  and  priorities  based  on  the  special  characteristics  and  economic  development  level  of  each  country,  said  the  spokesperson.