The Executive Yuan, led by President Su Zhenchang, promoted the new southbound policy to show results. In the first half of this year, the value of my country's exports to the new southbound countries increased by 28.5% year-on-year, ranking first in the same period of the previous year.

(File photo, photo by reporter Li Xinfang)

[Reporter Li Xinfang/Taipei Report] The Executive Yuan's promotion of the new southbound policy has shown results. According to the implementation results of the new southbound policy mastered by the Economic and Trade Negotiation Office of the Executive Yuan, the total trade volume between my country and the new southbound countries in the first half of this year was 90.93 billion US dollars, an annual increase 32.7%, of which the value of my country's exports to the new southbound countries was US$50.01 billion, an annual increase of 28.5%, ranking first in the same period of the past years; the value of China's imports from the new southbound countries was US$40.92 billion, an annual increase of 38.2%, and the trade surplus reached 90.9 One hundred million U.S. dollars.

In the first half of this year, my investment in new southbound countries amounted to US$2.06 billion, mainly in Singapore, Australia and Vietnam, and for the first time surpassed my US$1.8 billion investment in mainland China (including Hong Kong).

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In terms of investment, from January to June this year, 69 new southbound countries were approved for investment, with an investment amount of US$2.06 billion, an annual decrease of 8%. The investment was mainly concentrated in Singapore, Australia and Vietnam. The number of foreign investment in Taiwan was 245, and the investment amount was US$1.42 billion, an annual increase of 378%. The main sources of investment were Australia, Singapore and Thailand.

In terms of project output, as of the end of June, my country's 7 major project output teams and expansion point manufacturers, including power plants, petrochemicals, smart transportation ETC, metropolitan MRT, environmental protection engineering, water resources, and industrial zone development or entry, will be located in the new southbound direction as of the end of June. A total of 17 bids were won in the region, with a total bid amount of approximately NT$13.11 billion.

Talent cultivation: From 2017 to June 2022, the "New Southbound Industry-University Cooperation International Class" has enrolled a total of 392 classes, with a total of 13,316 registered students, and more than 60% of the first class graduates of the 2021 academic year will stay in Taiwan Employment helps to promote talent exchange and at the same time achieve the policy goal of attracting outstanding talents.

Regarding "resource sharing": In 2022, it is planned to expand the "one country, one center" of Vietnam, Malaysia, and Indonesia to "one country and two centers" to expand the scope of cooperation in the new southward direction of medical and health care.

In addition, after years of communication, Magnolia, which is widely used in single and compound traditional Chinese medicines, was finally approved by the Malaysian government in May this year to announce that Magnolia is not a banned Chinese herbal medicine.

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