Reported about 1 year ago
Under the global supply chain restructuring due to geopolitical and economic conditions in June 30, 2024, the Ministry of Economy in Taiwan actively promoted the New Southbound Policy for eight years, leading to nearly a 60% increase in Taiwan's trade volume with New Southbound countries. Emphasizing cross-industry integration and expanding sales, the ministry aims to elevate the national industry image with a special focus on the health industry, aiming to integrate Taiwan with markets of New Southbound countries. The policy continues to be a key direction post-government change, with a focus on bringing Taiwanese businesses overseas, particularly in Southeast Asia. The approach includes integrating industries, highlighting the health industry, and leveraging Taiwan's strengths in advanced medical technologies and smart healthcare solutions to create a mutually beneficial market with New Southbound nations.
Source: YAHOO