Taiwanese Deputy NSA Hsu Szu-Chien emphasised that Taiwan can help India reduce its reliance on Chinese electronic imports, with a free trade pact being key to stronger economic ties.
Speaking at the Raisina Dialogue in Delhi, Hsu highlighted how Taiwan’s technology and India’s young workforce could drive high-end tech production, cutting Chinese imports.
He stressed that India could lower its trade deficit by co-producing electronic components with Taiwan rather than relying on imports.
As a major semiconductor producer, Taiwan manufactures nearly 70% of the world’s chips, essential for AI, smartphones, and defence equipment.
Hsu stated that Taiwan strongly intends to negotiate a trade deal with India, as high tariffs currently hinder investment by small and mid-sized Taiwanese firms.
Despite no formal diplomatic ties, India-Taiwan trade relations are growing, with Taiwanese investment in India exceeding USD 4 billion under the ‘Make in India’ policy.
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