Conclusion and Future Directions

Joe Thomas Karackattu ()
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Joe Thomas Karackattu: Indian Council of World Affairs (ICWA)

Chapter Chapter 4 in The Economic Partnership Between India and Taiwan in a Post-ECFA Ecosystem, 2013, pp 57-62 from Springer

Abstract: Abstract CIER acknowledges the mutual complementarity of closer economic partnership with India based on movement of manufacturing to India (generation of jobs, development of industry and technology transfer and sharing of Taiwan’s SME development experience), and likewise for Taiwan to benefit from the Indian market (India as an overseas base and also for risk diversification). As early as April 2010, Taiwan’s premier Wu Den-yih reportedly instructed his Cabinet that Taiwan should invest more in India to ‘manage and diversify risk’ in China (Patil 2010). Even as a joint set of recommendations towards the most suitable “preferential arrangement” between India and Taiwan is worked out (if not an FTA outright), the areas identified in this study—manufacturing (electronics and IT) and services (tourism and education) should propel any joint arrangement at the official level. The need for “signature collaboration” that resides in the manufacturing sector and the familiarization that people-to-people contacts offer towards trade facilitation needs to be pursued.

Keywords: Policy Space; Trade Facilitation; Taiwanese Company; Joint Arrangement; Technology Innovation Capability (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-81-322-1278-2_4

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