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Opinion

Taiwan's New Southbound Policy is decreasing its reliance on China

Looking to regional neighbors for closer trade relationships is bearing fruit

| Taiwan
Tsai Ing-wen rejuvenated the New Southbound Policy in 2016 while Beijing launched its measures to bring Taipei back into line.   © Reuters

Long menaced by its larger neighbor, Taiwan's efforts to shift away from its reliance on China by increasing trade instead with other regional partners are beginning to pay both economic and political dividends.

Known as the New Southbound Policy, the government of President Tsai Ing-wen is encouraging and subsidizing Taiwanese companies to move out of China and set up operations throughout the Indo-Pacific.

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