The Council of Agriculture (COA) said Thursday that it will promote cooperation in agriculture with four countries under the government's "New Southbound Policy."
The four countries have yet to be finalized, but will probably be Vietnam, Thailand, Myanmar and Indonesia, COA officials said, although they did not rule out the possibility of other countries also being included.
In a report on "new southbound agriculture" to a Cabinet meeting, the COA noted that Taiwan currently relies too heavily on the Chinese market for exports of its agricultural products and that it is urgent and necessary to diversify the country's markets.
The strategy will include maintaining existing export markets and actively tapping into emerging markets, such as the Association of Southeast Asian Nations, South Asia, New Zealand and Australia, the COA said.
Under the "new southbound agriculture," the COA will increase business opportunities and contributions through investing in agriculture in the selected countries and exporting agricultural machinery.
The goals will be to develop full cooperation in agriculture with the four countries and help agriculture enterprises to set up at least 10 model farms in those countries.
Source: Focus Taiwan News Channel