Amb. Chung-kwang Tien, Representative of Taipei Economic and Cultural Center in India, said Taiwan and India are natural partners and should consider singing a Free Trade Agreement (FTA) on the sidelines of Smart Asia 2019 held in Mumbai from Oct. 17 to 19.
Saying India has a booming middle class and a largely young population with political stability, Amb. Tien touted India as a strategically located country standing first in Taiwan’s New Southbound Policy.
“Taiwan’s expertise in hardware together with India’s software industry can do a lot of good,” Amb. Tien said, adding Taiwan and India are natural partners whose bilateral trade volume has increased six times to USD7.5 billion in 2018 since 2000.
The Ambassador continued to say that an FTA-like deal will only improve product quality and competitiveness in both countries in the long-run. He urged a task force should be set up to think of the long-term benefits of such FTA between Taiwan and India.
