On Oct. 10, 2018, the people of Taiwan mark their 107th Double Tenth National Day. This special occasion comes amid renewed confidence in the country’s long-term
economic prosperity. Recognized as an indispensable producer of key technologies, the nation is reaping the benefits of a new-look government strategy aimed at fostering the emerging
sectors of the 21st century.
At the core of this approach is the five-plus-two industrial innovation program. This initiative targets the fields of biotech and pharmaceuticals, green energy, national defense,
smart machinery and Internet of Things, as well as promotion of two core concepts: the circular economy and a new paradigm for agricultural development. Also comprising the Asia Silicon Valley project, the policy is transforming Taiwan into a hub of youth entrepreneurship and cutting-edge R&D. Complementing the initiative is the Forward-looking Infrastructure Development Program. It will meet Taiwan’s needs for the next 30 years in related
areas like digital infrastructure, railways and talent cultivation. This ment to boosting innovation-based growth is strengthened by the New Southbound Policy. A key plank in the government’s national development strategy, the NSP is deepening Taiwan’s cooperation in the areas of agriculture, business, culture, education, tourism and trade with the 10 ASEAN
member states, six South Asian countries, Australia and New Zealand. Progressing in lockstep, Taiwan’s farsighted economic programs are delivering sustainable growth and provide cause for great celebration on Double Tenth National Day.
