At the Cabinet’s weekly meeting today Premier Lin Chuan applauded the Taiwan delegation’s successful participation in the 2016 Asia-Pacific Economic Cooperation (APEC) economic leaders’ meeting held in Peru.
After a briefing by the Ministry of Foreign Affairs (MOFA) on Taiwan’s participation, the premier attributed the success to leadership from delegation head and People First Party Chairman James Soong, as well as support from the Ministry of Foreign Affairs (MOFA), other agencies and Taiwan’s representative offices overseas.
Amid the growing worldwide opposition to globalization and uncertainty over the incoming U.S. administration’s trade policies, Taiwan must continue to keep pace with the latest regional economic integration mechanisms and developments through the APEC platform, the premier said.
Next year’s APEC event will be hosted by Vietnam, an important partner for Taiwan under the New Southbound Policy, Premier Lin continued. Vietnam has enjoyed rapid economic growth over the past few years and has drawn much investment from Taiwan’s small and medium-sized enterprises. The premier urged government agencies to work with MOFA to formulate concrete, strategic initiatives for exchanges and cooperation with countries targeted by the New Southbound Policy, adding that agencies should make these initiatives a priority for the future.