Office of the President Republic of China(Taiwan)

On the afternoon of August 8, President Lai Ching-te presided over the first meeting of the National Climate Change Committee. As the committee’s convener, the president presented committee members with their letters of appointment, and explained that, in line with the principle of equity, the committee has drawn its members from a diverse range of disciplines, generations, and perspectives. This demonstrates the government’s determination, he said, to forge a social consensus through diversified dialogue, and to unite the public in addressing the major challenges to future global and domestic development. President Lai emphasized that energy issues are complex and not simply a black-and-white matter of being for or against nuclear energy. Every strategic national policy decision, he said, is bound to present multiple-choice questions complicated by the fact that more than one right answer may be possible. The president stated that he aims to address issues honestly, propose solutions pragmatically, and resolve problems practically through the committee’s discussions, with the goal of formulating strategies for the nation’s sustainable development so that Taiwan society can forge a consensus and the nation can indeed develop sustainably. A translation of President Lai’s opening statement follows: Today is Father’s Day, so first I want to wish fathers around the world a happy Father’s Day. I also want to thank everyone for taking the time to participate in today’s meeting, especially on this holiday. There are many fathers here today, and Committee Member Huang Pin-han (黃品涵), who recently gave birth and is still in postpartum care, insisted on attending. Let’s give her a warm round of applause. I also want to thank all our friends watching the live broadcast, who are joining us in showing their concern for the nation’s future and development. To respond to the impacts of global climate change, global infectious diseases, and the challenges posed by shifting global geopolitics, I announced the establishment of three committees at the Presidential Office one month after my inauguration: the National Climate Change Committee, Healthy Taiwan Promotion Committee, and Whole-of-Society Defense Resilience Committee. I hope these three committees will fulfill three major functions of serving as platforms for social engagement, bridges for communication within society, and engines for policy effectiveness. This demonstrates the government’s determination to forge a social consensus through diversified dialogue and unite the public to address the major challenges of future global and domestic development. In line with the principle of equity, the members of these three committees are drawn from a diverse range of disciplines, generations, and perspectives. For example, the National Climate Change Committee includes eight cabinet ministers and commission heads, with Minister of Environment Peng Chi-ming (彭啓明) serving as the executive secretary. National climate governance, however, involves broad and profound issues, requiring the public and private sectors to join forces and work together. As a result, 65 percent of this committee’s members are not government officials. In addition, 28.5 percent of members are women. There are six representatives from the industrial sector, and we want to express our gratitude to enterprise representatives Paul Peng (彭双浪), Lai Po-szu (賴博司), Terry Tsao (曹世綸), Sophia Cheng (程淑芬), Lydia Hsiao-mei Lin (林筱玫), and Taipower Company Chairman Tseng Wen-sheng (曾文生) for their participation. Their involvement will extend Taiwan’s strategic thinking about climate and energy across traditional sectors, fields, and high-tech industries, account for the needs of emerging industries of the new era such as AI and international green finance, and ensure that we look ahead to the future and align with international trends. The number of our representatives from the civil society sector is equal to that of the industrial sector, with six pioneers of environmental movements representing multiple generations invited to participate: Shih Shin-min (施信民), Lee Ken-cheng (李根政), Chao Chia-wei (趙家緯), Ho Tsung-hsun (何宗勳), Huang Pin-han (黃品涵), and Chen Hui-ping (陳惠萍). They all represent efforts at the frontlines of environmental movements. We are deeply grateful for your participation and look forward to jointly expanding dialogue with civil society, working together to achieve greater depth and breadth in systemic change. Of course, we also invited scholars and experts from various disciplines to join. We are very grateful to Lin Tze-luen (林子倫), Chou Kuei-tien (周桂田), Tseng Chung-jen (曾重仁), and Su Huey-jen (蘇慧貞) for their participation. Their respective backgrounds in the humanities, science and engineering, environmental health, medicine, and public health will help us gain a more comprehensive understanding of climate change issues. The committee is meeting for the first time today, and we are beginning by discussing issues that are the focus of particular concern to our society. First, we will hear a report from the Ministry of Environment assessing the impacts of climate change on both the globe and Taiwan. Following that, Chairman Tseng will deliver a report on the transition and challenges related to power supply and demand in Taiwan. Due to the impacts of extreme weather, more and more experts are warning that each summer from now on is likely to be “one of the coolest summers of the rest of our lives.” Increasingly, what were once considered “once-in-a-century” droughts and storms are occurring in rapid succession. Over the past eight years under the Democratic Progressive Party (DPP) administration, the government had to establish two emergency response centers at least 19 times, either in close succession or simultaneously – one to address drought and the other to manage flooding. Late last month, Typhoon Gaemi brought disastrous rainfall in Chiayi and three other counties and municipalities south of it. Single-day precipitation levels in both the lowlands and mountainous areas were comparable to those brought by Typhoon Morakot in 2009, and in some areas even exceeded Morakot. Statistics from the Ministry of Agriculture indicate that nationwide losses from damage to agricultural property and private facilities are already in the billions of New Taiwan Dollars. Extreme precipitation caused by global extreme weather, as well as heat waves and other such disasters pose formidable challenges to all countries. A sudden natural disaster is like an acute cold, while climate change is more like a chronic disease. But no matter which type of problem we’re facing, we all have a responsibility to continue strengthening Taiwan’s ability to adapt to the risks associated with extreme weather, and to continually make our nation more sustainable and more resilient. Of course, I realize that the stability of Taiwan’s power supply is a matter of concern not only to us in Taiwan. It’s also important to international supply chains. There has recently been widespread discussion regarding the issue of nuclear power. Twenty-plus years ago, back when I was a member of the Legislative Yuan, working across party lines I co-sponsored a draft version of the Basic Environment Act. The Act has come to be known as Taiwan’s “environmental constitution,” and it is the first law in Taiwan to incorporate the concept of a “nuclear-free homeland.” Article 23 of the Act reads that the government shall formulate a plan to progressively achieve the goal of a nuclear-free homeland. Although the DPP was the ruling party at that time within the executive branch, we did not have a legislative majority. The fact that we were able to get the Basic Environment Act passed by reaching a consensus between the ruling and opposition parties is proof that the concept of a nuclear-free homeland is not just an ideological stance of the DPP. Sustainable development is a goal that we all agree upon, regardless of party affiliation, and one that we’re all working together to achieve. I hope that through this committee, everyone can realize that energy issues are complex and not simply a black-and-white matter of being for or against nuclear energy. Every strategic national policy decision is bound to present multiple-choice questions complicated by the fact that more than one right answer may be possible. That’s the only way we can address issues honestly, propose solutions pragmatically, and resolve problems practically. Therefore, I want to say to every one of you, that to have differing positions is typical in a democracy. Having diverse opinions is, in fact, the best thing about democracy. I hope that the committee’s discussions will impress upon the 23 million people of Taiwan that we can all have our different viewpoints, but we only have one Taiwan. We can all have our different stances, but we still have one goal that we all agree upon, and that is our nation’s sustainable development. Our shared mission is to think flexibly and brainstorm among a broad range of people, with the goal of formulating strategies for the nation’s sustainable development so that Taiwan society can forge a consensus. Once again, I want to thank everyone for your willingness to take on such an important task. I’ll soon ask each of you to actively share your thoughts, professional expertise, and experience with us, to help us resolve problems and to help Taiwan keep moving forward. Thank you. Following his statement, President Lai presented letters of appointment to the committee members, heard a report assessing the impacts of climate change on both the globe and Taiwan presented by Minister Peng, and a report on the transition and challenges related to power supply and demand in Taiwan presented by Chairman Tseng. Afterward, President Lai exchanged views with the committee members regarding the content of the two reports and the Rules of Procedure for Meetings of the Office of the President National Climate Change Committee.

On the morning of July 18, President Lai Ching-te met with international and Taiwanese members of the organizing committee for the 2024 Junior Chamber International (JCI) World Congress. In remarks, President Lai said that Taiwan will host this year’s JCI World Congress, adding that young leaders from many nations will focus on such issues as entrepreneurship and innovation, green economy, and carbon emissions reduction under the event’s theme, “Technological Innovation for a Prosperous and Sustainable Future.” The president thanked JCI for supporting Taiwan and expressed his hope for Taiwan to harness the power for change through this event, as we work together to make the world a better place. A translation of President Lai’s remarks follows: In October, Taiwan will host the 2024 JCI World Congress. Over the past several years, I have enjoyed many interactions with partners from JCI, and I am delighted to be able to welcome you all to the Presidential Office today. I wish the congress great success and thank all of our JCI partners for their contributions. Over the years, JCI Taiwan has been actively involved in public affairs. Its Ten Outstanding Young Persons award encourages young people to contribute even more to society. It was an honor for me to serve as chairman of the panel of judges for the awards and to work with JCI in promoting this meaningful event.  As one of the world’s four major international service organizations, JCI continues to marshal the forces of its 350,000-strong global membership and community resources to promote global development. The 2024 JCI World Congress in October will bring together more than 6,000 people from 120 countries. The event will see young leaders from these nations focus on such issues as entrepreneurship and innovation, green economy, and carbon emissions reduction under its theme, “Technological Innovation for a Prosperous and Sustainable Future.” I understand that JCI President Kaveen Kumar Kumaravel’s vision for his fellow members is “Let’s make a difference!” We are delighted to welcome the president and thank him for helping facilitate Taiwan’s hosting of this year’s world congress, so that we can harness the power for change as we work together to make the world a better place. In closing, I want to extend my special thanks to JCI Chung-Li for winning the bid for Taiwan’s right to host the world congress. And I thank all of our guests once again for supporting Taiwan. I wish you a successful visit and the very best for the JCI World Congress. Also in attendance at the meeting was JCI Secretary General Kevin Hin.

On the morning of June 3, President Lai Ching-te met with a delegation led by International Peace Foundation (IPF) Founder and Chairman Uwe Morawetz. In remarks, President Lai thanked the IPF for coming to Taiwan to promote the Taiwan BRIDGES event series with National Taiwan University (NTU), and advance educational exchanges and global peace together. The president said he is confident the program will not only benefit Taiwan’s scholars, but also deepen our international connections and enhance our global reach. He also expressed hope that Chairman Morawetz will gain an even deeper understanding of Taiwan through this visit, and said he looks forward to seeing even more international exchanges and cooperation in the future. A translation of President Lai’s remarks follows: I am delighted to welcome Chairman Morawetz back to Taiwan. Chairman Morawetz is visiting to promote the Taiwan BRIDGES event series with NTU President Chen Wen-chang (陳文章). Last month, in my inaugural address, I stated that Taiwan would be a pilot for global peace. Today, I am pleased to meet and exchange ideas with Chairman Morawetz and all our distinguished guests. The IPF believes that education serves as the foundation of peace. It has worked with universities to establish advanced courses and research that can assist governments, the European Union, and the United Nations in opening up peace dialogue. The IPF has also organized the event series BRIDGES – Dialogues Towards a Culture of Peace, holding over 800 events across Southeast Asia since 2003. By bringing together Nobel laureates and renowned artists, the series has achieved remarkable results in fostering academic cooperation and cultural exchange. I want to thank the IPF for choosing to come to Taiwan so that we can advance educational exchanges and global peace together. The Taiwan BRIDGES event series is expected to begin next year, and six Nobel laureates in physics, medicine, chemistry, and economics will be invited to visit Taiwan. I am confident this program will not only benefit Taiwan’s scholars, but also deepen our international connections and enhance our global reach. Taiwan, with its geopolitically strategic location, is an important democracy in the Indo-Pacific region. On this occasion, I want to express my special thanks to President Chen for his efforts in nurturing talent for the nation. For instance, last month, NTU inaugurated the International School of Politics and Economics with the aim to cultivate leaders in Taiwan with a global political and economic vision. Additionally, LITEON Technology Founder and LITEON Group Chairman Raymond Soong (宋恭源) made a donation to NTU in August last year to establish an interdisciplinary top research exchange platform, which has facilitated collaboration between President Chen and Chairman Morawetz. I am grateful for Chairman Soong’s contributions. I am also pleased to welcome Tzu Chi Charity Foundation CEO Yen Po-wen (顏博文) and Taiwan Root Medical Peace Corps Senior Volunteer Doctor Lin Shih-han (林士涵) to the Presidential Office today. We have all witnessed over many years that whenever a disaster strikes Taiwan, Tzu Chi volunteers quickly provide relief, supporting those affected. After the April 3 earthquake this year, Tzu Chi set up response centers and shelters to assist the victims. The Taiwan Root Medical Peace Corps has long provided medical and material assistance in remote and underserved areas. To date, it has set up free clinics in 50 countries and regions on more than 400 occasions. Such work is very admirable. The public welfare organizations represented by these two distinguished guests exemplify the goodwill of Taiwan and align with the ideals of the IPF. I look forward to seeing even more international exchanges and cooperation in the future. In closing, I hope that Chairman Morawetz will gain an even deeper understanding of Taiwan through this visit. I also wish the IPF and NTU great success in their collaboration. Chairman Morawetz then delivered remarks, saying that in October last year, he visited Taiwan and met with Professor Lee Yuan-tseh (李遠哲), a Nobel laureate who has participated in BRIDGES events in Thailand and suggested having BRIDGES in Taiwan in the future. Through Professor Lee, the chairman said, they were introduced to NTU, who will be the main partner in the BRIDGES event series in Taiwan. Chairman Morawetz said that the BRIDGES event series will run from November 2025 until April 2026, and that they will have many Nobel laureates visiting Taiwan. The aim, he said, is to promote Taiwan as an international hub for science, technology, sustainability, and innovation. The chairman also said they would like to further elevate Taiwan on the international map with a forward-looking program on education. With the participation of the science Nobel laureates, the brightest minds of the world, he said, BRIDGES wants to highlight Taiwan’s important role for peacebuilding, international cooperation, and global security.  As the program is called BRIDGES, the chairman went on, they want to build long-term bridges between the Nobel laureates and Taiwan. He said that although the laureates will come to Taiwan for the first time, they can develop long-term relationships with institutions and universities, come to Taiwan more often, invite Taiwanese students to work in their labs abroad, or start research programs with universities. He said the program should be a long-term and sustainable success for Taiwan, and not just an event series.  Chairman Morawetz indicated that six Nobel laureates in physics, chemistry, medicine, and economics have already been confirmed to be hosted by NTU. He said he will also be going to Tainan, Taichung, Kaohsiung, and other places because BRIDGES would like to include universities in other parts of Taiwan, involving the whole country in the program. It should be of benefit not only for the capital, he added, but for the whole country. Chairman Morawetz stated that now there is still more than one year to prepare for the program, and BRIDGES wants to be as inclusive as possible to benefit as many institutions and organizations as possible. He said they want to build long-term relationships with as many foundations and charitable organizations as possible, so that not only one organization, but the whole country, benefits from the events.  

On the afternoon of July 8, President Tsai Ing-wen attended a ceremony marking the end of the Taiwan-based study for exchange students enrolled in Taiwan-Paraguay Polytechnic University (UPTP). In remarks at the event, President Tsai called UPTP a cornerstone of bilateral educational cooperation spurring broader exchanges between our two countries, which share the goal of making it the best polytechnic university in Latin America. The president expressed hope that, as Taiwan looks to expand its cooperation with Paraguay, UPTP students can use their knowledge and experience to act as a bridge between our two countries and help us all work toward a better tomorrow. A transcript of the president's remarks is provided below: I would first like to congratulate all the students on completing your study in Taiwan. I also want to thank all the faculty members for your hard work and dedication. I am so delighted to have Ambassador Fleitas here with us today to mark this important milestone in Taiwan-Paraguay cooperation. When I visited Paraguay in 2018, I had the privilege of attending the opening ceremony for the pre-university courses at UPTP. Some of those who took these courses back then are soon to graduate in about six months' time. I am glad to see you again in Taiwan. And I want to thank National Taiwan University of Science and Technology (NTUST, Taiwan Tech) and our Ministry of Foreign Affairs for helping facilitate the UPTP program. I know the COVID-19 pandemic made it difficult for many of you to come to Taiwan to study. But I hope that you enjoyed your three semesters of study at Taiwan Tech, having had a chance to get to know Taiwan while sharing your culture with your fellow students here. With your contributions, I am sure the internationally diverse campus of Taiwan Tech has become a culturally much richer place. As a cornerstone of Taiwan-Paraguay educational cooperation, UPTP is spurring broader exchanges between our two countries. Our shared goal for UPTP is to make it the best polytechnic university in Latin America, and I am truly grateful to the staff of Taiwan Tech for all you have done toward this goal. Over the past five years, many scholars and administrators have worked to turn UPTP into a model for Taiwan's international education cooperation projects, sharing our knowledge and expertise in science and technology with friends around the world. Education has been at the root of Taiwan's national development. By cultivating outstanding talent in science and technology, Taiwan and Paraguay are sowing the seeds of future growth, prosperity, and friendship. And there is nothing more satisfying than seeing young talent like you thrive. In just six months, you will graduate and embark on an exciting new chapter of your careers. I am confident that your education at UPTP will empower you to contribute to the development of Paraguay and the welfare of your fellow people. As we in Taiwan look to expand our cooperation with Paraguay, I am hopeful that you, as future UPTP graduates, can play a key part in this effort. With your knowledge and experience, you can act as a bridge to help us all work toward a better tomorrow. Going forward, Taiwan will continue to strengthen collaboration with all our democratic partners. We look forward to working together with all of you in the months and years to come.

On the morning of December 9, President Tsai Ing-wen met with a senior delegation of representatives from the industry association SEMI and the renewable energy sector. During the meeting, President Tsai stated that the government will continue working to achieve its goal of 20 gigawatts of installed solar capacity by 2025, and will release additional offshore wind power capacity for development each year in order to build a more flexible and resilient power grid. The president also asked the business community for its support in these government efforts, so that we can lay a solid foundation for Taiwan's future global competitiveness. A translation of President Tsai's remarks follows: It was just yesterday that we met at the Energy Taiwan expo. And it is a pleasure to welcome you all to the Presidential Office today for a more in-depth exchange of views and to hear your valued opinions. First of all, I want to thank SEMI for its longstanding focus on the development of Taiwan's semiconductor sector. Its annual SEMICON Taiwan exhibition is a major event for the global semiconductor industry, as well as an important platform for our homegrown firms to connect with their international counterparts. Let me take this opportunity to wish SEMI all success with the upcoming SEMICON Taiwan exhibition, which will be held at the end of the month. This year, the value of Taiwan's semiconductor industry is expected to exceed NT$4 trillion, breaking previous records. One important task we have in maintaining our nation's global leadership in this sector is the development of green energy, so we can address the demand for green energy from semiconductor firms. Since 2016, cooperation between our government and all of you, as industry leaders, has yielded notable progress in Taiwan's solar and wind power sectors. And last year, the Ministry of Economic Affairs established a platform for trading green energy, speeding up efforts to coordinate green energy demand and supply in the private sector. Going forward, as we pursue our goal of 20 gigawatts of installed solar capacity by 2025, I will be closely following the MOEA's evaluation of additional areas for potential solar power project development. In addition, we have already announced details of the bidding process and localization requirements for the third phase of our offshore wind power development plan, as part of which 1.5 gigawatts of capacity will be up for bidding each year from 2026 to 2031. Moreover, to facilitate the integration of renewable energy into Taiwan's power supply grid, Taipower has set a goal of installing more than 1,000 megawatts of energy storage capacity by 2025, through a combination of direct construction as well as private tenders. Our administration will continue to work to ensure the stability of our power grid by developing more flexible and resilient systems. Energy transition is a key policy priority for our government, and we have a clear roadmap for how to overcome the challenges ahead of us and meet our goals. Your cooperation and support for our government's efforts are important to us. Together, we can help lay a firm foundation for Taiwan's future competitiveness. Among the members of the visiting delegation were SEMI Global Chief Marketing Officer and SEMI Taiwan President Terry Tsao (曹世綸), SEMI PV Committee Chairman Andy Shen (沈維鈞), SEMI Wind Energy Committee Vice Chairman Julian Kuo (郭世榮), SEMI Energy Storage Committee Chairman Paul Ai (艾祖華); United Renewable Energy Co. (URE) Chairman Sam Hong (洪傳獻); TSEC Corp. Chairman Liao Kuo-jung (廖國榮); ASE Technology Holding Co. Corporate Administration Officer Dtuang Wang (汪渡村); Yuen Foong Yu Group Chairman Hui-Jean Liu (劉慧瑾); Copenhagen Infrastructure Wind Power Development Taiwan Co. Managing Director Marina Hsu (許乃文); Ørsted Asia Pacific President Matthias Bausenwein; Siemens Gamesa Offshore Asia-Pacific General Manager Niels Steenberg; AUO Optronics Corp. Vice President of Energy Business T.Y. Lin (林恬宇); and Enel X Taiwan Co. General Manager Chen Wei-ting (陳威廷).

On the morning of January 1, President Lai Ching-te delivered his 2025 New Year’s Address, titled “Bolstering National Strength through Democracy to Enter a New Global Landscape,” in the Reception Hall of the Presidential Office. President Lai stated that today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. In this new year, he said, Taiwan must be united, and we must continue on the right course. The president expressed hope that everyone in the central and local governments, regardless of party, can work hard together, allowing Taiwan sure footing as it strides forward toward ever greater achievements.  President Lai emphasized that in 2025, we must keep firm on the path of democracy, continue to bolster our national strength, make Taiwan more economically resilient, enhance the resilience of supply chains for global democracies, and continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. The president said that Taiwan will keep going strong, and we will keep walking tall as we enter the new global landscape. A translation of President Lai’s address follows: Today is the first day of 2025. With a new year comes new beginnings. I wish that Taiwan enjoys peace, prosperity, and success, and that our people lead happy lives. Taiwan truly finished 2024 strong. Though there were many challenges, there were also many triumphs. We withstood earthquakes and typhoons, and stood firm in the face of constant challenges posed by authoritarianism. We also shared glory as Taiwan won the Premier12 baseball championship, and now Taiwanese people around the world are all familiar with the gesture for Team Taiwan. At the Paris Olympics, Wang Chi-lin (王齊麟) and Lee Yang (李洋) clinched another gold in men’s doubles badminton. Lin Yu-ting (林郁婷) took home Taiwan’s first Olympic gold in boxing. At the International Junior Science Olympiad, every student in our delegation of six won a gold medal. And Yang Shuang-zi’s (楊双子) novel Taiwan Travelogue, translated into English by King Lin (金翎), became a United States National Book Award winner and a tour de force of Taiwan literature on the international level. Our heroes of Taiwan are defined by neither age nor discipline. They have taken home top prizes at international competitions and set new records. They tell Taiwan’s story through their outstanding performances, letting the world see the spirit and culture of Taiwan, and filling all our citizens with pride. My fellow citizens, we have stood together through thick and thin; we have shared our ups and downs. We have wept together, and we have laughed together. We are all one family, all members of Team Taiwan. I want to thank each of our citizens for their dedication, fueling Taiwan’s progress and bringing our nation glory. You have given Taiwan even greater strength to stand out on the global stage. In this new year, we must continue bringing Taiwan’s stories to the world, and make Taiwan’s successes a force for global progress. In 2025, the world will be entering a new landscape. Last year, over 70 countries held elections, and the will of the people has changed with the times. As many countries turn new pages politically, and in the midst of rapid international developments, Taiwan must continue marching forward with steady strides. First, we must keep firm on the path of democracy. Taiwan made it through a dark age of authoritarianism and has since become a glorious beacon of democracy in Asia. This was achieved through the sacrifices of our democratic forebears and the joint efforts of all our citizens. Democracy’s value to Taiwan lies not just in our free way of life, or in the force driving the diverse and vigorous growth of our society. Democracy is the brand that has earned us international trust in terms of diplomacy. No matter the threat or challenge Taiwan may face, democracy is Taiwan’s only path forward. We will not turn back. Domestic competition among political parties is a part of democracy. But domestic political disputes must be resolved democratically, within the constitutional system. This is the only way democracy can continue to grow. The Executive Yuan has the right to request a reconsideration of the controversial bills passed in the Legislative Yuan, giving it room for reexamination. Constitutional institutions can also lodge a petition for a constitutional interpretation, and through Constitutional Court adjudication, ensure a separation of powers, safeguard constitutional order, and gradually consolidate the constitutional system. The people also have the right of election, recall, initiative, and referendum, and can bring together even greater democratic power to show the true meaning of sovereignty in the hands of the people. In this new year, the changing international landscape will present democratic nations around the world with many grave challenges. Russia’s invasion of Ukraine and conflict between Israel and Hamas rage on, and we are seeing the continued convergence of authoritarian regimes including China, Russia, North Korea, and Iran, threatening the rules-based international order and severely affecting peace and stability in the Indo-Pacific region and the world at large. Peace and stability in the Taiwan Strait are essential components for global security and prosperity. Taiwan needs to prepare for danger in times of peace. We must continue increasing our national defense budget, bolster our national defense capabilities, and show our determination to protect our country. Everyone has a responsibility to safeguard Taiwan’s democracy and security. We must gather together every bit of strength we have to enhance whole-of-society defense resilience, and build capabilities to respond to major disasters and deter threats or encroachment. We must also strengthen communication with society to combat information and cognitive warfare, so that the populace rejects threats and enticements and jointly guards against malicious infiltration by external forces. Here at home, we must consolidate democracy with democracy. Internationally, we must make friends worldwide through democracy. This is how we will ensure security and peace. The more secure Taiwan, the more secure the world. The more resilient Taiwan, the sounder the defense of global democracy. The global democratic community should work even closer together to support the democratic umbrella as we seek ways to resolve the war in Ukraine and conflict between Israel and Hamas. Together, we must uphold stability in the Taiwan Strait and security in the Indo-Pacific, and achieve our goal of global peace. Second, we must continue to bolster our national strength, make Taiwan more economically resilient, and enhance the resilience of supply chains for global democracies. In the first half of 2024, growth in the Taiwan Stock Index was the highest in the world. Our economic growth rate for the year as a whole is expected to reach 4.2 percent, leading among the Four Asian Tigers. Domestic investment is soaring, having exceeded NT$5 trillion, and inflation is gradually stabilizing. Export orders from January to November totaled US$536.6 billion, up 3.7 percent from the same period in 2023. And compared over the same period, exports saw a 9.9 percent increase, reaching US$431.5 billion. Recent surveys also show that in 2024, the average increase in salaries at companies was higher than that in 2023. Additionally, over 90 percent of companies plan to raise salaries this year, which is an eight-year high. All signs indicate that Taiwan’s economic climate continues to recover, and that our economy is growing steadily. Our overall economic performance is impressive; still, we must continue to pay attention to the impact on Taiwan’s industries from the changing geopolitical landscape, uncertainties in the global economic environment, and dumping by the “red supply chain.”  For a nation, all sectors and professions are equally important; only when all our industries are strong can Taiwan be strong as a nation. Our micro-, small-, and medium-sized enterprises (MSMEs) are the lifeblood of Taiwan, and the development of our various industrial parks has given Taiwan the impetus for our prosperity. We must carry the spirit of “Made in Taiwan” forward, bringing it to ever greater heights. Thus, beyond just developing our high-tech industry, our Executive Yuan has already proposed a solution that will help traditional industries and MSMEs comprehensively adopt technology applications, engage in the digital and net-zero twin transition, and develop channels, all for better operational structures and higher productivity. Taiwan must continue enhancing its economic resilience. In recent years, Taiwan has significantly increased its investments in the US, Japan, Europe, and the New Southbound countries, and such investment has already surpassed investment in China. This indicates that our efforts in diversifying markets and reducing reliance on any single market are working. Moving forward, we must keep providing assistance so that Taiwan industries can expand their global presence and market internationally from a solid base here in Taiwan. At the same time, Taiwan must use democracy to promote economic growth with the rest of the world. We must leverage our strengths in the semiconductor and AI industries. We must link with democratic countries so that we can together enhance the resilience of supply chains for global democracies. And through international cooperation across many sectors, such as UAVs, low-orbit communications satellites, robots, military, security and surveillance, or biopharmaceuticals, renewable energy technology, new agriculture, and the circular economy, we must keep abreast of the latest cutting-edge technology and promote diverse development. This approach will help Taiwan remain a leader in advancing global democratic supply chains, ensuring their security and stability. Third, we must continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. Democracy means the people have the final say. Our nation belongs to all 23 million of us, without regard for ethnic group, generation, political party, or whether we live in urban or rural areas. In this new year, we must continue to pursue policies that promote the well-being of the nation and the people. But to that end, the central government needs adequate financial resources to ensure that it can enact each of these measures. Therefore, I hope that the ruling and opposition parties can each soberly reconsider the amendments to the Act Governing the Allocation of Government Revenues and Expenditures and find a path forward that ensures the lasting peace and stability of our country. For nine consecutive years, the minimum wage has continued to rise. Effective today, the minimum monthly salary is being raised from NT$27,470 to NT$28,590, and the hourly salary from NT$183 to NT$190. We hope by raising the pay for military personnel, civil servants, and educators for two consecutive years, coupled with benefits through wage increases and tax reductions, that private businesses will also raise wages, allowing all our people to enjoy the fruits of our economic growth. I know that everyone wants to pay lower taxes and rent. This year, we will continue to promote tax reductions. For example, unmarried individuals with an annual income of NT$446,000 or less can be exempt from paying income tax. Dual-income families with an annual income of NT$892,000 or less and dual-income families with two children aged six or younger with an annual income of NT$1,461,000 or less are also exempt from paying income tax. Additionally, the number of rent-subsidized housing units will also be increased, from 500,000 to 750,000 units, helping lighten the load for everyone. This year, the age eligibility for claiming Culture Points has been lowered from 16 to 13 years, so that now young people aged between 13 and 22 can receive government support for experiencing more in the arts. Also, our Ten-Billion-Dollar Youth Overseas Dream Fund is about to take effect, which will help more young people in Taiwan realize their dreams by taking part in education and exchange activities in many places around the world. We are also in the process of establishing a sports ministry to help young athletes achieve their dreams on the field, court, and beyond. The ministry will also be active in developing various sports industries and bringing sports and athletics more into the lives of the people, making our people healthier as a result. This year, as Taiwan becomes a “super-aged society,” we will launch our Long-term Care 3.0 Plan to provide better all-around care for our seniors. And we will expand the scope of cancer screening eligibility and services, all aimed at creating a Healthy Taiwan. In addition, Taiwan will officially begin collecting fees for its carbon fee system today. This brings us closer in line with global practices and helps us along the path to our goal of net-zero emissions by 2050. We will also continue on the path to achieving a Balanced Taiwan. Last month, the Executive Yuan launched the Trillion NT Dollar Investment National Development Plan and its six major regional flagship projects. Both of these initiatives will continue to expand the investment in our public infrastructure and the development of local specialty industries, narrowing urban-rural and wealth gaps so that all our people can live and work in peace and happiness. My fellow citizens, today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. This tells us that national development is moving in the right direction. In this new year, Taiwan must be united, and we must continue on the right course. We hope that everyone in the central and local governments, regardless of party, can work hard together to ensure that national policies are successfully implemented, with the people’s well-being as our top priority. This will allow Taiwan sure footing as it strides forward toward ever greater achievements. In this new year, we have many more brilliant stories of Taiwan to share with the world, inspiring all Taiwanese, both here and around the world, to cheer time and again for the glory of Taiwan. Taiwan will keep going strong. And we will keep walking tall as we enter the new global landscape. Thank you.