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The New Southbound Policy－A Practical Approach Moving Full Steam Ahead

  • Publication Date︰2019-07-26
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The New Southbound Policy－A Practical Approach Moving Full Steam Ahead

The New Southbound Policy initiative launched by President Tsai Ing-wen (蔡英文) in September 2016, Taiwan has been engaging in a wide range of deliberations with 18 countries in South and Southeast Asia, as well as New Zealand and Australia, promoting bilateral partnerships and exchanges of talent, capital, technology, culture and education.

The New Southbound Policy, one of the government’s current policy priorities, has been under implementation for over a year, and has already yielded concrete results. Over this period, the concerted efforts of central government, local governments, legislative branches of government, private enterprises and civil society have allowed the coordination of the policy to mature, and the effects of associated projects to become clear. Moreover, domestic and international media reports on the policy have been positive, indicating that the policy is conducive to Taiwan’s integration into the South and Southeast Asian region, as well as Australia and New Zealand, and to the strengthening of Taiwan’s overall competitiveness. The response of New Southbound Policy partner countries has been similarly enthusiastic: Many such countries have taken the initiative to propose a range of cooperative projects and exchange programs. The New Southbound Policy has generated a new wave of cooperation within the region.

To demonstrate Taiwan’s proactive approach toward integrating with the international community, our government will be increasing its efforts and resources in terms of promoting mutually beneficial cooperation with New Southbound Policy partner countries. In addition, the domestic community as a whole should accumulate experience and results. Taking partner countries’ needs and Taiwan’s interests into account, the policy is now focusing on the planning and implementation of five flagship programs, plus three prospective areas. The aim is to bring positive benefits to New Southbound Policy partner countries and Taiwan in the shortest possible time.

The Executive Yuan aims to allocate NT$7.19 billion to the implementation of the New Southbound Policy in 2018, demonstrating the government’s resolve. To maximize the policy’s effectiveness going forward, the government will consolidate its resources and put them to optimal use.

New Southbound Policy Flagship Programs include:

  1. Regional Agricultural Development
  2. Medical and Public Health Cooperation and the Development of Industrial Chains
  3. Industrial Talent Development
  4. Industrial Innovation and Cooperation
  5. Yushan Forum

Progress & Prospect: Taiwan’s New Southbound Policy

“We are not only investing in our partners; we are also creating long-term partnerships that benefit this region today, and tomorrow. We have created and renewed cooperative ventures with the New Southbound countries,” said President Tsai Ing-wen.

To understand the progress and future prospects of Taiwan’s New Southbound Policy which was launched by President Tsai in 2016 to promote bilateral partnerships and exchanges of talent, capital, technology, culture and education between Taiwan and 18 countries in South and Southeast Asia, as well as Australia and New Zealand, please check attachment titled “Progress & Prospect: Taiwan’s New Southbound Policy” as below:

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