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June 3rd, 2017 
Awake Goy 
nsnbc : Taiwan’s Industrial Technology Research Institute and Thailand’s National Science and Technology Development put pen to paper and inked a Memorandum of Understanding (MOU) on cooperation in innovation application.
The MOU was signed on June 1 2017 in Thailand. Under the MOU, the two sides agreed to leverage their respective strategic advantages in assisting Taiwanese firms operating in the Thailand to participate in the Thai government’s Eastern Economic Corridor development project.
This includes assessing private sector needs, identifying technological development trends and providing research support. The memorandum was signed by ITRI President Liu Jonq-min and his NSTDA counterpart Narong Sirilertworakul at a ceremony in the Thai province of Pathum Thani.
According to ITRI, the EEC offers Taiwanese companies, especially locally based small and medium enterprises planning supply chain integration with firms in the region, an array of opportunities in the biotech, digital and innovative economies.
The agreement also envisions giving Taiwanese companies market access for Thailand’s neighboring countries such as Cambodia and Myanmar. Budgeted at $1.5 trillion Thai baht (US$43.83 billion), the project involves major constructions such as an airport, new cities, a high-speed rail and a port.
The ITRI-NSTDA partnership is in line with President Tsai Ing-wen’s New Southbound Policy. A key component of the government’s national development strategy, the policy seeks to deepen Taiwan’s agricultural, business, cultural, educational, tourism and trade ties with the 10 Association of Southeast Asian Nations member states, six South Asian countries, Australia and New Zealand.
For Thailand, the agreement is consistent with a diversification of its economy to maintain independence and sovereignty, thus facing the challenges to be in the crossfire of major geopolitical disputes between China on one hand, and the USA, UK, and other European countries on the other.
Headquartered in northern Taiwan’s Hsinchu County, ITRI is a nonprofit R&D organization established in 1973 to help local industries and SMEs stay competitive and sustainable. It functions as a driver of transformation in Taiwan’s industrial sectors, as well as a conduit for technological collaboration between Taiwan and other countries.
Established in 1991, NSTDA aims to promote the emergence of a knowledge-based society through science and technology. Its mission includes human resources and infrastructure development, R&D and technology transfer.
CH/L – nsnbc 03.06.2917
Source Article from https://nsnbc.me/2017/06/03/taiwan-and-thailand-team-up-on-innovation-application/
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