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Taiwan seeking to expand markets in Southeast Asian nations

Taiwan seeking to expand markets in Southeast Asian nations

Taiwan is launching a strategic partnership program with Taiwanese businesses operating in member states of the Association of Southeast Asian Nations (ASEAN), aimed at helping Taiwan-based enterprises enlarge their markets in the region, a senior official of the Ministry of Economic Affairs (MOEA) said Tuesday.

Lien Yu-ping, director general of the Department of Investment Services under the MOEA, said in a Taipei forum on globalization that due to geographic factors, Taiwan and the ASEAN member nations have developed close relations in the fields of trade, investment, labor market and agriculture.

With the implementation of the program, the government is to help Taiwan enterprises broaden their markets in the Southeast Asian nations through the networks of Taiwanese business associations operating in the region, Lien said.

In light of the acceleration of regional economic integration and the transformation of Southeast Asian nations from a production base into a region focusing both on production and consumption, Lien said her office has targeted the ASEAN member nations in its action plan for the next year. (By Huang Chiao-wen and Romulo Huang)