Tsai celebrates growing economic ties between Taiwan and Malaysia | Taiwan News

TAIPEI (Taiwan News) – President Tsai Ing-wen (Tsai Ing-wen) praised the close economic ties between Taiwan and Malaysia at the “Malaysia Night” event on Tuesday, February 20.

In her speech, President Tsai said that Malaysia is an important country in promoting Taiwan’s New Southbound Policy (NSP). He said Taiwan’s investments in the Southeast Asian country have already exceeded US$14 billion (NT$440.98 billion) and created more than 380,000 jobs.

According to Tsai, Taiwan is currently Malaysia’s third largest import destination and eighth largest investment destination.

The President said Taiwan’s industrial strength can provide technical assistance to Malaysia. Industry 4.0 policy and 12th Malaysia Plan, accelerating progress in advanced technology, digitalization and the green economy. This will enable the two countries to work together towards a net-zero, low-carbon and digitally sustainable future, he said.

Tsai said she hopes that Taiwan and Malaysia will achieve mutual economic prosperity and deepen cooperation in areas such as culture, education and innovation in the new year.

Malaysia Friendship and Trade Center organized Malaysia Night to spotlight Malaysian culture and celebrate the Lunar New Year.

The NSP was launched in 2016, during the Tsai administration’s first term, with the aim of strengthening ties between Taiwan and Southeast Asia, Australia, and New Zealand. According to Tsai, total trade between Taiwan and the new southbound countries last year exceeded US$150 billion.

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