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Subject: Success at the 2019 Winning in...
Content: Group photo with the Ing-Wen Tsai, the President of R.O.C. (the center), Mei-Hua Wang, Vice Minister...

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Success at the 2019 Winning in New Southbound Policy Countries Forum

Source:Bureau of Foreign Trade, Ministry of Economic Affairs
Revise Date:2019-07-09

Group photo with the Ing-Wen Tsai, the President of R.O.C. (the center), Mei-Hua Wang, Vice Minister of Economic Affairs (5th from left), James C.F. Huang, Chairman of Taiwan External Trade Development (5th from right), Jen-Ni Yang, Director General of Bureau of Foreign Trade (4th from right)


The Winning in NSP Countries Forum, co-organized by the Office of Trade Negotiations, Executive Yuan and the Bureau of Foreign Trade, Ministry of Economic Affairs, was held at the NTUH International Conference Center on May 30, 2019, attracting more than 390 participants.


In her remarks, President Tsai Ing-Wen pointed out that the international political and economic circumstances have changed dramatically. In both geopolitical and economic terms, New Southbound Policy countries have become increasingly important, proving that our New Southbound Policy a worthwhile strategy. President Tsai also stated that we are at an important juncture to redefine Taiwan's role in the regional economy and enhance the industrial chain of Taiwanese enterprises.


John Chen-Chung Deng, Minister without Portfolio, Executive Yuan, pointed out in the Forum that since the NSP was implemented three years ago, the relationship between Taiwan and the region has increased considerably in terms of trade, investment, and student and tourist exchange numbers. In the future, the government will strengthen efforts in three aspects, namely, SME services, medical and health care, and agricultural and industrial cooperation, in establishing a cooperative system with NSP countries.


In the panel discussion, Jen-Ni Yang, Director General of the Bureau of Foreign Trade moderated the discussions between panelists, Nguyen Anh Dzung, Director of the Vietnam Economic and Cultural Office in Taipei, Thongchai Chasawath, Executive Director of the Thailand Trade and Economic Office, and Didi Sumedi, Representative of the Indonesia Economic and Trade Office to Taipei, who all affirmed the results of the NSP. Specifically, the increase in flights between Taiwan and Vietnam, and Taiwan and Thailand represents our ever closer relations with these countries. The three foreign representatives also expressed their willingness to provide Taiwanese enterprises interested in investing in their countries with relevant information.


In his keynote speech, Chairman Huang of the Taiwan External Trade Development Council (TAITRA), shared with the participants the successful models of the national teams of Japan and South Korea in expanding their overseas markets. TAITRA also used a national team model to help Taiwan’s electric car enterprises successfully explore the Indian market, and will attempt to apply this model to other industries to compete for business opportunities.


In addition, president Tsai of Mega International Commercial Bank, chairman Chen of Namchow Group, president Hou of Shin Kong Wu Ho-Su Memorial Hospital, and chairman Chen of Gemtek Technology Co. shared their views and experience from doing businesses in New Southbound Policy countries.


The Forum proved a successful event bringing together government and private sectors to discuss policy directions and some of the tangible outcomes from the implementation of the NSP.

Published Date:2019-06-14