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Cabinet approves plans under 'New Southbound Policy'
Organization: Department of International Cooperation        Publish Date: 2016-12-16 10:36
Sources: Central New Agency; Taipei News

The Cabinet approved on Dec. 14 the implementation plan for the "New Southbound Policy," a key government initiative to boost Taiwan's ties with South and Southeast Asian nations, as well as Australia and New Zealand.

The approved series of projects, which will begin to be implemented at the start of 2017, are grouped into four main areas - economic and trade cooperation, talent exchanges, resource sharing, and regional connectivity, according to the Executive Yuan.

In the area of economic and trade cooperation, the projects will be focus on enhancing collaboration in the manufacturing sector, in infrastructure construction, systematic integration service exports and financial support.

Meanwhile, the talent exchanges projects will be aimed at nurturing talent to build complementary human resources between Taiwan and the targeted countries.

Regarding sharing of resources, Taiwan will use its strengths in medical services, culture, tourism, technology and agriculture to establish partnerships with the targeted countries and to seek more opportunities for bilateral and multilateral cooperation.

In the area of regional connectivity, the projects will seek to institutionalize bilateral and multilateral cooperation and elevate the level of dialogue.
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