Taiwan has opened four trade offices in India in the last few years and two-way trade has risen more than six-fold since 2000 to stand at more than $7 billion in 2018.
Taiwan will strengthen ties with India’s new government, including more official visits, a top official of the self-ruled island said on Wednesday, despite China’s continuing efforts to isolate what it considers to be a wayward province, reported The Reuters.
Taiwan is trying to reduce its reliance on Beijing, which maintains that it does not qualify for formal diplomatic ties with any country.
After India’s general election results on May 23, the two countries will strengthen trade and cultural ties, Chung Kwang Tien, the representative of the Taipei Economic and Cultural Centre in India, told Reuters on Wednesday.
The centre in the Indian capital operates as a de facto embassy, helping Indian and Taiwanese companies to expand business ties and easing discreet dialogue between government officials.
India and China had a tense military standoff in 2017 over a contested border region, while India’s large deficit with its northern neighbour has also strained relations.
Tien said India ranked among the highest priorities in Taiwan’s new southbound policy that focuses on strengthening ties in the areas of culture, tourism, education and trade with 18 southeast and south Asian countries.
Actions implemented so far
About 100 Taiwan companies in the electronics, artificial intelligence, healthcare and food processing industries will participate in a trading exhibition, the second Taiwan Expo, set to be held in New Delhi next week, he said.
Taiwan has opened four trade offices in India in the last few years and two-way trade has risen more than six-fold since 2000 to stand at more than $7 billion in 2018.
Investment by Taiwanese companies touched nearly $1.5 billion, mainly in the electronics and other manufacturing sectors. Taiwan has also sought India’s help in its bid to join the World Health Organisation, he said.
Taiwan has set up 14 language centres in Indian universities and other educational institutions to promote the Chinese language, training about 6,000 students, and awarding scholarships.
