Taiwanese businesses look to India as alternative to China

Trade between India and Taiwan will likely touch $10 billion over the next few years. FMTNews

The US-China trade war has pushed companies to look at other countries to escape higher tariffs.

But a trade war between Washington and Beijing has led to higher tariffs on goods worth tens of billions of dollars and disrupted global supply chains, prompting companies to look at other countries to escape higher tariffs. Beijing maintains that Taiwan, an island 110 miles off the Chinese mainland, does not qualify for formal diplomatic ties with any country. And though India has no formal relation with Taiwan, Taipei runs an Economic and Cultural Center in capital New Delhi, which operates as a de facto embassy.

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