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Taiwanese businessmen in Philippines support ‘New Southward Policy’

Taiwanese businessmen in Philippines support ‘New Southward Policy’

TW businessmen in Philippines support ‘New Southward Policy’

Taiwanese businessmen in the Philippines said Sunday that they support Taiwan government’s “New Southward Policy,” which aims at building closer economic cooperation with Taiwan’s neighboring countries in South and Southeast Asia.

Allan Lin, President of Taiwan Association Inc. Philippines (TAP), said the fast-growing Philippine economy is attractive to Taiwan’s small and medium-sized enterprises, and with the government’s “New Southward Policy,” many have already visited the Southeast Asian country to explore investment opportunities.

“Even though we are a civic organization, we will actively cooperate and give our full support to the government’s ‘new southward policy,’” Lin said at a TAP gathering on Sunday.

Last week, the Cabinet announced that it has officially launched a plan to promote the “New Southward Policy,” under which the government will integrate the resources of both the public and private sectors in Taiwan, in an effort to establish a new mutually beneficial model of cooperation with the 10 members of the ASEAN nations.

"Our association has been supportive of the new government and we are willing to share with them our experience in doing business in the Philippines,” Lin added.


Updated : 2021-04-17 23:39 GMT+08:00