The New Southbound Policy, launched in 2016 to enhance Taiwan’s contacts with countries in the surrounding region, has recently taken on added significance. The deterioration in U.S.-China economic relations has placed the spotlight on Southeast Asia and India as prime areas for future growth in trade and investment. Taiwan’s efforts to enhance relations with those…
The Economy is Improving with Help from Exports With sharp criticism of major trade partners and promises of protectionism in trade, the new administration of U.S. President Donald Trump has injected substantial policy uncertainty into the global economy. Nevertheless, the American economy continues to be the engine of global trade, and Taiwan’s trade figures are…
Exports in late recovery Taiwanese exports surged in December by 14% year-on-year, to US$25.67 billion, but it wasn’t quite enough to lift them out of the hole dug during the first half of 2016. The year ended with a 1.7% decline in exports compared to 2015, according to data from the Bureau of Foreign Trade…
The sector netted record profits in 2014 on the back of burgeoning offshore business, especially in China. The crowded Taiwan banking sector is finding room to breathe at last. Rapid expansion of offshore business amid deregulation and improving asset quality helped banks post a record NT$332.8 billion (US$10.7 billion) in profits in 2014, according to…
