The policy, which aims to increase economic exchange with South and Southeast Asia, has produced positive results and is expected to generate more business opportunities next year. Amid global recessionary fears and U.S.-China trade tensions, President Tsai Ing-wen’s signature policy for the broader Asian region, the New Southbound Policy (NSP), is one of Taiwan’s bright…

Although the pace of growth is decreasing significantly, Taiwan is projected to fare better than most economies in 2023. Economic prospects were looking spectacular for Taiwan in 2021. As a global chip shortage fueled demand for Taiwanese electronics and semiconductors, its economic growth rate of 6.45% was the fastest pace since the rebound from the…