Since November last year, trade with the 18 countries included in the government’s New Southbound Policy has greatly increased, recovering from a downturn caused by the COVID-19 pandemic, the Executive Yuan’s Office of Trade Negotiation said on Friday.
On a monthly basis, trade in November last year grew 12 percent from 1.8 percent in October, and then 15.5 percent in December, the office said.
Trade could grow even further if the region recovers from the pandemic this year, the office said, adding that it plans to expand projects in the region, including skills training, medical cooperation and start-up assistance.
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