Taiwan's trade ties with ASEAN countries have risen rapidly in recent years. In the first nine months of 2017, trade between Taiwan and ASEAN countries exceeded US$82 billion, an increase of 19% over the previous year. The number of tourists from the region who visited Taiwan between January and August rose by 36% from the same period in 2016. In addition, Taiwanese firms have made significant investments in the region. About 25,000 Taiwanese firms have established business entities in ASEAN markets with Taiwanese direct investments adding up to US$97 billion, according to official government figures.

Under the New Southbound policy initiative the government aims to build on trade ties and engage in a wide range of negotiations and dialogue with 18 countries in Southeast Asia, South Asia and Australasia. Launched officially in September 2016 the policy seeks to forge mutually beneficial ties in areas ranging from agricultural, cultural, education, trade and tourism, to generate economic growth and improve the welfare of people in the region. There are various projects under the initiative that aim to strengthen international collaboration in innovative industries, medical cooperation and industrial supply chains, policy forums and youth exchange platforms, regional agriculture and talent cultivation, cross-border e-commerce, tourism and infrastructure.

At this lunch our guest speaker will give an overview of the New Southbound Policy, its initial results and its future prospects.

To Cancel without penalty, written cancellations must be received 24 hours prior to the event.

Contact: Fiona Lee / Tel 2740-0236 ext. 215 / fiona.lee@ecct.com.tw / www.ecct.com.tw