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India and Taiwan sign MoU on public finance cooperation
India and Taiwan signed a Memorandum of Understanding (MoU) on Public Finance Cooperation on Friday in Bengaluru. The signatories were Mumin Chen, Deputy Representative of the Taipei Economic and Cultural Center in…
India and Taiwan signed a Memorandum of Understanding (MoU) on Public Finance Cooperation on Friday in Bengaluru. The signatories were Mumin Chen, Deputy Representative of the Taipei Economic and Cultural Center in India, and Ninad S. Deshpande, Director General of the India-Taipei Association.
The MoU establishes a regular institutional mechanism for exchanging knowledge and expertise in public finance, covering areas such as taxation, customs, treasury affairs, national property management, infrastructure projects, and international financial cooperation. It takes effect from the date of signature, August 28, 2026.
The agreement builds on earlier pacts from 2011 on double taxation and customs assistance. Bilateral trade between Taiwan and India reached a record USD 12.514 billion in 2025, a 17.95% increase from the previous year.
Indian Opinion Analysis
Taiwan remains one of India's most significant trading partners in East Asia, with bilateral trade crossing USD 12.5 billion for the first time in 2025. The new MoU formalises cooperation in areas such as treasury management and infrastructure finance, moving beyond the 2011 tax and customs agreements. The timing aligns with India's push to attract Taiwanese electronics manufacturers like Foxconn, which have expanded production in the country. Both sides are expected to hold bilateral meetings and training programmes under the MoU's framework to deepen professional exchanges.
Source: theprint.in
This brief was synthesised by AI from the source linked above.
