New Policy Focus on South Taiwan and Industrial Upgrading to Create Investment Opportunities
Domestic policies in the second term of the current president are focused on industrial upgrades, defining southern Taiwan industrial clusters, and improving transportation efficiency.
Reshoring of manufacturing activity to Taiwan continues. The outbreak of COVID19, coupled with the lingering effects of USChina trade tension, suggests a slowdown in economic activity over H1 2020. However, the new policies represent a development plan for Taiwan which should persist beyond the president’s second term.