5 days ago
India, Taiwan Sign MoU to Expand Public Finance Cooperation
India and Taiwan signed a new agreement about managing public money.
The agreement was signed in Bengaluru on August 28, 2026.
It allows officials from both sides to regularly share knowledge and experience.
They will discuss topics such as taxes, customs and government-owned property.
They will also cooperate on infrastructure projects and international finance.
Officials may meet through seminars, training programs and consultations.
The agreement builds on earlier cooperation that began with tax and customs agreements in 2011.
Trade between India and Taiwan reached a record USD 12.514 billion in 2025.
India and Taiwan signed a Public Finance Cooperation MoU in Bengaluru on August 28, 2026.
The agreement creates a regular mechanism for exchanging fiscal knowledge, expertise and experience.
Cooperation will cover taxation, customs, treasury affairs, national property management and infrastructure projects.
The MoU builds on India-Taiwan agreements signed in 2011 on double taxation and customs assistance.
Bilateral trade reached a record USD 12.514 billion in 2025, rising 17.95% from 2024.
- Who
- India and Taiwan; the MoU was signed by Mumin Chen of the Taipei Economic and Cultural Center in India and Ninad S. Deshpande of the India-Taipei Association.
- What
- They signed a Memorandum of Understanding on Public Finance Cooperation.
- Where
- Bengaluru, India.
- When
- August 28, 2026.
- Why
- To establish a regular mechanism for exchanging knowledge and expertise and deepen fiscal cooperation.
Key facts
- Agreement
- Memorandum of Understanding on Public Finance Cooperation
- Effective date
- August 28, 2026, the date of signature
- Signing location
- Bengaluru
- Areas of cooperation
- Taxation, customs, treasury affairs, national property management, infrastructure projects and international financial cooperation
- Earlier agreements
- India and Taiwan signed agreements on double taxation and customs assistance in 2011
- 2025 bilateral trade
- USD 12.514 billion, up 17.95% from USD 10.609 billion in 2024
- 2025 Taiwan exports to India
- USD 9.212 billion
- 2025 Taiwan imports from India
- USD 3.302 billion
Quotes
Taiwan Ministry of Finance release
Official statement issued by Taiwan’s Ministry of Finance
“The MOF further explained that the MOU takes effect on the date of signature (i.e., August 28, 2026), which will establish a systematic mechanism for bilateral fiscal exchange and be beneficial to further deepening exchanges and cooperation.”
theprint.in
“Going forward, both sides will deepen professional exchanges and experience sharing through bilateral meetings, seminars, participation in training programs, and mutual consultations.”
theprint.in
Sources
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