By: Aroonim Bhuyan
IANS India Private Limited | 1 March 2017
Sourced through Yahoo News.
Under its new foreign policy adopted last year, Taiwan is seeking to attract more expatriate workers, including from India, in both blue and white collar categories to meet a shortage of labour and talent.
“Labour is a problem due to the low birth rate,” Connie Hui-Chuan Chang, Director General of the Department of Overall Planning in Taiwan’s National Development Council, said during an interaction here with a group of visiting journalists from the region.
“So what we can do is increase the retirement age and import foreign workers,” Chang said.
According to the new foreign policy, dubbed the New Southbound Policy, of Taiwanese President Tsai Ing-wen, the east Asian island nation is striving to broaden exchanges and cooperation with India and five South Asian nations, the 10 member-states of the Association of Southeast Asian Nations (Asean), and Australia and New Zealand in areas such as commerce, culture and technology.
This will mean lesser dependence on mainland China for Taiwan’s economic development. Taiwan is the world’s 22nd-largest economy and was dubbed one of the four Asian tigers in the late 20th century, the others being Hong Kong, Singapore and South Korea.