By Caribbean News Global 
TORONTO, Canada – Enabling full access to tourism exchanges, inbound and outbound travel, and simultaneously opening up parallel trade and investment engagements – Taiwan is open for tourism, trade and investment impacts economic recovery and global demand.
With Taiwan’s key location in the region’s archipelago it is a prime partner for Japan, South Korea, the Philippines, Vietnam, Malaysia and Indonesia to work with and expand cruise lines, Ministry of Transportation and Communications (MOTC) deputy minister Chi Wen-jong said, on forming the Asia Archipelago Cruise Alliance February, 17 in Taipei City.
The latest easing of COVID-19 regulations announced by the Central Epidemic Command Center (CECC), that Taiwan will no longer require, to wear masks in most indoor settings from February 20, is consistent with progressive and forward responsive policy measures that impact the precedence of Taiwan’s composure to stability, socio-economic development and its core industries. Moreover, additional restrictions are expected to be lifted on March 6 and August 2023.
This is significant in the all-round cooperation framework in six core strategic industries (biotechnology, tourism, green energy, medical and nursing care, high-value agribusiness and media content), culture and technology, which are key to long-term national development, prioritizing stability, economic growth and the ethos that Taiwan is open for tourism, trade and investment.
President Tsai Ing-wen reiterated during the 2023 new year’s address:
“In international tourism, as the post-pandemic global travel sector gradually recovers, we have set a goal of reaching six million tourist visits in 2023. We are offering incentives, subsidies, and other measures to help our travel industry attract international travellers and foreign firms encourage their employees to come to Taiwan to travel, study, and book cruises and charter flights. In this way, we are creating opportunities for the export of services and making up for the decline in the export of goods.
“To spur domestic demand and investment through public construction, and address the impacts of extreme weather events, we must expand investment in infrastructure projects by our agricultural agencies and complete them ahead of schedule. We will improve and accelerate the construction on environmental infrastructure for agriculture.
“The government welcomes industries, including semiconductor, information and communications technology (ICT), green energy, infrastructure, and national defense industries, to collaborate and provide suggestions and strategies on how to further consolidate Taiwan’s key position in global supply chains while maintaining our industrial development momentum and the security and stability of our energy supply.”
Delivering the speech “Island of Resilience: A Better Taiwan for the World,” president Tsai Ing-wen, advised:
“Through effective policies and government spending, we will boost our investments in next-generation infrastructure and talent cultivation, creating more job opportunities and upholding our economic growth momentum.
“We must speed up our efforts to promote the development of our Six Core Strategic Industries, while continuing to consolidate our advantages in the semiconductor sector.
“Through collaboration in cutting-edge technologies, reciprocal investment, financial support, and other means, we are building more resilient global supply chains and distribution networks.”
With Taiwan reopening [lifting its two-year restrictions on travel since March 2020] and the pivot to tourism, trade and investment – Asia, the Indo-Pacific, North America, Europe, the Caribbean and Latin America – play a central role for businesses looking to access Taiwan – a centre of global supply chains.
There is a clear advantage in utilizing Taiwan’s free trade accords, economic partnership arrangement, global allies and democratic norms. Establishing a global hub for tourism, trade and investment, with distribution centres in 14 diplomatic countries is – an exponential growth prospect.
In Part 2, Taiwan’s ‘open-door policy’ building consensus.
