Taipei Economic and Cultural Center

Context: Taiwan will be establishing the ‘Taipei Economic and Cultural Centre (TECC) in Mumbai. Objectives of TECC:

• To expand mutually beneficial trade and investment opportunities between Taiwan and India.
• To promote exchanges and cooperation in science and technology, education, culture, and people-to-people ties under Taiwan’s New Southbound Policy.
• To provide visa services, document authentication, and emergency assistance to businesspeople, tourists, and Taiwanese nationals in the western region of India.

Additional Information: About New Southbound Policy: It was introduced in 2016 as a concerted effort to expand Taiwan’s presence across the Indo-Pacific. It is designed to strengthen Taipei’s relationships with the ten countries of the Association of Southeast Asian Nations (ASEAN), India, Australia, and New Zealand. Aim:  To enhance Taiwan’s regional integration and promote the broader development of the Indo-Pacific region.

 News Source: Financial Express