Bilateral Banquet: Taiwan and India Feast on Trade Opportunities

Taiwan and India are tightening economic ties, as Taiwanese investment in India exceeds USD 4 billion. Taiwanese Deputy NSA Hsu Szu-Chien pointed towards the prospect of a trade agreement to decrease India's trade deficit with China by citing bilateral benefits for both countries. The cooperation is anticipated to boost high-technology sectors based on Taiwan's technological skills and India's labor force. Recent talks centered on bilateral production of electronics and other goods, signaling a rosy future for two-way trade relations amid geopolitical complexities.

 

Source: Economic Times