- GS-2: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.
India – Taiwan Relations
- Both countries have increasingly deepened mutual respect underpinned by openness, with democracy and diversity as the key principles for collective growth.
- The shared faith in freedom, human rights, justice, and rule of law continues to embolden their partnership.
Potential for Improving the relationship are:
- India’s huge market provides Taiwan with investment opportunities. Taiwan’s reputation as the world leader in semiconductor and electronics complements India’s leadership in ITES (Information Technology-Enabled Services).
- India’s recent strides in the ease of business ranking not only provide Taiwan with lucrative business opportunities but also help it mitigate its over-dependence on one country for investment opportunities.
- India and Taiwan need to deepen people-to-people connect.
- Tourism is the key tool in this exchange.
- The Buddhist pilgrimage tour needs better connectivity and visibility, in addition to showcasing incredible India’s diversity. This will accelerate the flow of Taiwanese tourists.
- With the Taiwan Tourism Bureau partnering with Mumbai Metro, Taiwan is trying to raise awareness about the country and increase the inflow of Indian tourists.
- India’s has been in the forefront of the fight against COVID-19.
- Taiwan’s handling of the pandemic and its support to many other countries underlines the need to deepen healthcare cooperation.
- India and Taiwan already collaborate in the area of traditional medicine. The time is ripe to expand cooperation in the field of healthcare.
- Taiwan could be a valuable partner in dealing with this challenge through its bio-friendly technologies.
- Such methods are applied to convert agricultural waste into value-added and environmentally beneficial renewable energy or biochemicals.
- This will be a win-win situation as it will help in dealing with air pollution and also enhance farmers’ income.
- Further, New Delhi and Taipei can also undertake joint research and development initiatives in the field of organic farming.
Connecting the dots:
- China-Taiwan Relationship
- One Country Two System: It is a constitutional principle of the People’s Republic of China describing the governance of Hong Kong and Macau since they became Special Administrative Regions (SARs) of China in 1997 and 1999 respectively.