TAIPEI (Taiwan News) – The Ministry of Foreign Affairs (MOFA) said Tuesday (July 16) it would focus on maintaining Taiwan’s crucial role in global supply chains once a new taskforce is formed.

The Cabinet is planning to launch an economic diplomacy taskforce, with Foreign Minister Lin Chia-lung (林佳龍) as its head of strategic planning, Radio Taiwan International reported. MOFA said it would emphasize the use of inter-ministerial resources and cooperation across government departments to safeguard Taiwan’s role.

International cooperation is also to be expanded as part of the core strategy developed by Lin, MOFA said. The minister recently presented a plan to develop diplomacy based on values and economic diplomacy.

One of the projects involves the setting up of industrial zones overseas, but MOFA said Tuesday the Ministry of Economic Affairs (MOEA) would be in charge of the plan.