Why in News:
India is in news as it clarified its Taiwan policy after China’s readout of EAM Jaishankar’s meeting suggested he called Taiwan part of China; India reaffirmed no change, maintaining economic, technological, and cultural ties with Taiwan.
Description:
- India–Taiwan celebrating 25 years of partnership.
- No formal diplomatic ties → India follows One-China Policy.
- Relations conducted via India-Taipei Association (ITA) in Taipei & Taipei Economic and Cultural Centre (TECC) in Delhi.
Areas of Cooperation:
- Agreements signed: agriculture, investment, civil aviation, customs, industrial cooperation.
- Trade & Economy:
- Taiwan GDP ≈ $600 bn.
- 200+ Taiwanese companies in India (electronics, petrochemicals, ICT, auto parts).
- Bilateral trade agreement (2018).
- Taiwan = global leader in semiconductors & electronics, India = strong in ITES.
- Technology & Talent:
- Taiwan facing labour shortages → scope for Indian engineers & scientists.
- Collaboration in R&D, universities, technology parks.
- Environment & Health:
- Taiwan’s bio-friendly tech for air pollution (agri-waste → renewable energy).
- Cooperation in traditional medicine, healthcare, organic farming.
- Cultural & Tourism:
- Buddhist circuit + “Incredible India” promotion.
- Taiwan Tourism Bureau active in India.
Strategic Significance
- China Factor:
- The Galwan clash (2020) exposed China’s hardline stance.
- Strengthening Taiwan ties = reducing dependence on China.
- Geo-strategic:
- Taiwan part of New Southbound Policy (NSP) → aligns with India’s Act East Policy.
- Shared values: democracy, freedom, rule of law.
- Synergy with Quad (India, US, Japan, Australia) in the Indo-Pacific.
- Geo-economic:
- US–China trade war → Taiwan shifting manufacturing from China to India/SE Asia.
- Big opportunity for India’s industrial growth & job creation.
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