With China a mutual concern, investment accelerates between Australia and Taiwan
- Taiwanese investors received approval to park US$411 million in Australia between January and October, dwarfing the US$15.15 million total in 2021
- Australian investments approved in Taiwan climbed to US$114 million in the first 10 months of the year, up from US$68.69 million last year
Investment between Australia and Taiwan has grown in both directions this year as the two sides try to diversify away from mainland China and eye each other’s energy sectors.
Taiwanese investors received approval to park US$411 million in Australia between January and October, dwarfing the US$15.15 million total in 2021 and US$14.17 million in 2020, according to Taiwan’s Investment Commission.
Australian investments in Taiwan climbed to US$114 million in the first 10 months of the year, up from US$68.69 million in 2021 and US$79.83 million in 2020, the commission said.
China’s zero-Covid policy has led to a significant reduction in economic and trade activities
Mainland China is still Taiwan’s top investment destination, accounting for US$4.16 billion of the island’s US$11.56 billion in approved outbound investment in the first 10 months.
