Malaysia-Taiwan Relations and Taiwan’s New Southbound Policy

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Emile Kok-Kheng Yeoh
Chang Lee
Zhang Yemo

Abstract

The main objective of Taiwan’s New Southbound Policy is to reduce Taiwan’s economic dependence on Mainland China and seek a new engine for the economic development of Taiwan. Malaysia has the advantage of stable politics and open markets relative to other ASEAN countries. Under the “New Southbound Policy” launched in 2016 by Taiwan’s Tsai Ing-wen Administration to encourage local enterprises to invest in and trade with Southeast Asian countries. Malaysia as one of the most important Southeast Asian countries are attracting FDI from Taiwan with her rich natural resources, cheap labour cost, similar culture, and the easy-access sale network that connects ASEAN countries. Besides, other aspects including cultural and other societal, people-to-people, interactions also represent important foci of Taiwan-Malaysia bilateral relations under the New Southbound Policy.

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Author Biographies

Emile Kok-Kheng Yeoh, Department of Administrative Studies and Politics, Faculty of Economics and Administration, University of Malaya,

Associate Professor of the Department of Administrative Studies and Politics (DASP), Faculty of Economics and

Administration, University of Malaya (UM), Kuala Lumpur, Malaysia. He has a Ph.D. on ethno politics in socioeconomic development from the University of Bradford, West Yorkshire, England (1998). He is the founding editor of the Scopus-indexed triannual academic journal Contemporary Chinese Political Economy and Strategic Relations: An International Journal (CCPS) jointly published by the Institute of China and Asia-Pacific Studies of Taiwan’s National Sun Yat-sen University and the UM’s Department of Administrative Studies and Politics. Email: yeohkk@um.edu.my

Chang Lee, Department of Administrative Studies and Politics, Faculty of Economics and Administration, University of Malaya,

a Ph.D. candidate at the Department of Administrative Studies and Politics, Faculty of Economics and Administration, University of Malaya. He is previously attached to the Malaysian Ministry of Higher Education/ University of Malaya High-Impact Research (HIR) grant project “The China Model: Implications of the Contemporary Rise of China†(2013-2016). Email: changle_198455@163.com

Zhang Yemo, Institute of Biological Sciences, Faculty of Science, University of Malaya.

PhD candidate at the Institute of Biological Sciences, Faculty of Science, University of Malaya. He is previously attached with the Malaysian Ministry of Higher Education/ University of Malaya High-Impact Research (HIR) grant project “The China Model: Implications of the Contemporary Rise of China†(2013-2016) and the Equitable Society Research Cluster UMRG Programme on public administration and governance (2016-2018) at the Department of Administrative Studies and Politics, Faculty of Economics