Taiwan is poised to enlist as many as 100,000 Indian workers in a strategic move to bolster economic ties between the two nations, according to a senior official disclosed to Bloomberg. Sources suggest that a pact facilitating labor mobility may be finalized as soon as December.
This proactive measure aims to address Taiwan’s demographic challenge of an aging population while simultaneously addressing India’s escalating demand for employment opportunities for its burgeoning youth population. Negotiations for this agreement commenced in 2020, but the global disruption caused by the COVID-19 pandemic temporarily impeded progress.
Diversifying Opportunities: Taiwan’s Strategic Move to Attract Indian Workers across Multiple Sectors
The prospective employment opportunities for Indian workers span various sectors in Taiwan, encompassing factories, construction, agriculture, fisheries, and healthcare. Taiwan, recognizing the significance of attracting Indian talent, is offering competitive compensation and comprehensive insurance benefits—an approach distinct from other nations that have entered into agreements with India. The initiative is critical for Taiwan’s $790 billion economy, which foresees a need for an expanded workforce, particularly as it heads towards being categorized as a “super-aged” society by 2025. Notably, the trade volume between these nations has surged substantially, escalating from $1.19 billion in 2001 to $8.4 billion in 2022.
Navigating Diplomacy: India’s Employment Strategies and the Geopolitical Dance with Taiwan
While this move is poised to strengthen economic collaboration, it may also heighten geopolitical tensions, particularly with China. Beijing vehemently opposes any official interactions with Taiwan, considering it a self-governed island within its territorial ambit. It is noteworthy that India, while engaging in this labor agreement, has not explicitly renounced its adherence to the “One China Policy” but has tactfully avoided public reiteration, opting instead for a dynamic unofficial association with Taiwan.
India has been actively pursuing employment agreements with developed countries grappling with aging workforces. The government has already inked agreements with 13 nations, including Japan, France, and the UK. Ongoing negotiations with the Netherlands, Greece, Denmark, and Switzerland further underscore India’s commitment to fostering such collaborations. The India-Taiwan employment pact, currently in the final stages of negotiation, signifies another stride in India’s diplomatic efforts to forge beneficial partnerships on the global stage, balancing economic imperatives with geopolitical considerations.