To the central content area
:::

Office of the President Republic of China(Taiwan)
中文
:::

News & activities

News releases

2017-10-11
中文
President Tsai's remarks at Yushan Forum: Asian Dialogue for Innovation and Progress

Good morning! Let me begin by saying that the host, Dr. Mark Chen (陳唐山), and his team at the Prospect Foundation have done a wonderful job putting this event together. I also want to thank you for all the work you have done for the New Southbound Policy.

I would also like to thank all the participants that are here from over 20 countries. Many of you are members, former and present, of governments, think tanks, NGOs, enterprises, and civil society. It's great to welcome you to Taiwan, particularly those coming for the first time.

I want to acknowledge some of our distinguished and honourable guests here today:
From the Philippines, former Vice President Teofisto T. Guingona Jr.,
former Vice President Jejomar Binay Sr., 
and former Foreign Secretary Perfecto Yasay;
From the Republic of Korea, former Deputy Prime Minister Hyun Oh-Seok;
From Indonesia, former Coordinating Minister for Maritime Affairs Rizal Ramli, 
and Deputy Wahyu Utomo for Coordination of Infrastructure and Regional Development of the Coordinating Ministry of Economic Affairs;
From Thailand, former Foreign Minister Kasit Piromya;
From Japan, former Director General of Defense Agency Kazuo Aichi, 
former Minister of Agriculture, Forestry and Fisheries Tokuichiro Tamazawa, 
and former Member of the House of Councillors Hideki Wakabayashi;
From the United States, former American Institute in Taiwan Chairman Ray Burghardt, 
former Ambassador to Myanmar Derek J. Mitchell, 
and‎ Deputy Associate Administrator Michele Schimpp from the US Small Business Administration.

Your presence today is a great encouragement to us in the pursuit of our New Southbound Policy. We thank you for coming.

We're here today because all of us hold a collective interest in the future development of this region. The rise of Asia is already one of the most momentous changes in this generation. It has profoundly influenced both international security and the world economy.

Within Asia, the countries covered by our New Southbound Policy hold even greater potential. These countries are home to some of the fastest growing economies in the world. They are powered by a young, dynamic, and well-educated population.

I am proud to say that I had the opportunity to visit some of these countries in the past. I've spent time in India, Indonesia, Malaysia, the Philippines, Singapore, and Thailand. I have seen first-hand not only their storied history and vibrant culture, but also their high degree of interconnectivity with the rest of the world.

Taiwan has always played an indispensable role in the development of Asia. Over the years, we have been a source of capital, technology, and technical know-how. We have also built up enduring economic and industrial linkages with countries in Southeast Asia, as a leading source of foreign direct investment and trade.

But just as Asia is changing, Taiwan too must change. Rapid economic, social, and political changes in the region are bringing a host of new opportunities and challenges. What has worked in the past, may no longer work for the future. As a result, Taiwan must play an even more active and prominent role in order to participate in the future of the region.

Redefining Taiwan's role in the region is one of my highest priorities as president.  To be clear, the New Southbound Policy is our new "Regional Strategy for Asia." Under this policy, we intend to work with countries in the region and around the world to deepen and broaden our presence in South and Southeast Asia.

I wish to emphasize that the New Southbound Policy is an inclusive policy. It does not come at the expense of other regional initiatives and is designed to complement, rather than compete against, the RCEP (Regional Comprehensive Economic Partnership Agreement), the One Belt One Road, and India and Japan's Freedom Corridor.

With our New Southbound Policy, one of our foremost objectives is to strengthen cooperation in terms of resources, talent, and market development. We want our private and public sectors to work together to forge mutually-beneficial ties, generate sustained economic growth, and improve people's lives in the region.

We have started with developing closer cooperation on trade, investment, tourism, and cultural exchanges over the past year.

We have also expanded scholarships and other financial assistance for students from New Southbound countries, leading to a rapid increase in overseas students studying in technical programs or universities here. Through the establishment of six investment windows in Southeast Asian countries and India, we have also encouraged more bilateral trade and investment. At the same time, we have relaxed visa restrictions on several New Southbound countries.

We are seeing the dividends of such efforts. Tourism from New Southbound countries has increased by 36.7% from the year prior. Trade has grown by almost 20%. The number of students from these countries has also increased by close to 10%. All of this has brought Taiwan and New Southbound countries closer together.

This has formed a solid foundation to pursue the next phase of the New Southbound Policy, i.e. our five flagship projects. These projects are directed at development in the following five major areas: human resources, innovation-based industries, regional agriculture, medical cooperation, and industrial supply chains. The establishment of policy forums and youth exchange platforms, such as the Yushan Forum, is part of such efforts.

Not only will these projects further entrench our presence in New Southbound countries, they will also help sustain the momentum we've created over the past year.

As much as the New Southbound Policy is about policies, it is also about our commitments to our neighbours in the region. In order to fulfil the region's needs and strengthen its sense of inclusiveness and community, we are prepared to make the following five commitments:

First, we will help nurture and empower the talent this region needs. Rapidly growing economies require skilled labour, engineers, and R&D personnel. Taiwan is the best talent incubator for the region as we have high-quality vocational schools and training centers, well-established higher education facilities, and the industry know-how. 

Already we are providing many scholarships and educational opportunities to bring students from New Southbound countries to Taiwan. We are also expanding work-study course offerings, with a target of 5,000 students each year. These efforts will turn Taiwan into an Asian hub for industry talent development. 

Second, we will share our experiences to help New Southbound countries establish domestic demand-driven industries.  

For example, our industry development experience in fields such as petrochemicals, ICT, and the medical sector can help inject new driving force into New Southbound countries. This will not only assist in the development of domestic demand, but raise living standards as well.

Third, we will also help New Southbound countries with their infrastructure and major development projects. To achieve this, we will establish a 3.5 billion US dollar financing facility to be managed under our Official Development Assistance program (i.e. the Taiwanese version of ODA).

Fourth, we will help our SMEs and NGOs share their insight and experiences with New Southbound countries. We will place particular emphasis on helping job creation at the local-level in order to contribute positively to local communities.

Fifth, we will join forces with other like-minded countries in order to strengthen our common presence in the region. We believe this will benefit peace, stability, and prosperity, both here in the region and around the world.

With these commitments, I believe both Taiwan and New Southbound countries have much to gain. Taiwan will be able to entrench our presence in key regional markets, while many New Southbound countries gain the education, infrastructure, and industry experience they need to further develop their economies.

All of this highlights the mutually-beneficial nature of the New Southbound Policy.

Ladies and gentlemen, today marks the beginning of the very first Yushan Forum, also known as the Asian Dialogue for Innovation and Progress. The forum is named in honour of Yushan, or Jade Mountain. As East Asia's highest peak, it is a symbol of the spirit that drives Taiwanese to better ourselves. 

As a new multilateral and diversified platform for regional dialogue, we hope the Yushan Forum will become a regular event. We want to bring people from both the public and private sectors together on a more regular basis to work towards a better region.

To this end, we will establish the "Taiwan-Asia Exchange Foundation" to act as the main organizing and administrative body of the Yushan Forum. This organization will also serve as an exchange platform for leaders, youth representatives, NGOs, and think tanks in the region. 

I trust that this forum will also make a positive contribution by promoting innovation and progressive values both here in the region and around the world. 

Through dialogue on a regional level, I also hope we can forge a common vision for our future. 

In closing, I wish the forum every success. Thank you all for coming to Taiwan. Thank you.

President Tsai attends the opening ceremony of the Yushan Forum.
Yushan Forum takes place in Taipei.
President Tsai's delivers remarks at the Yushan Forum.
Related News
2025-08-07
President Lai meets cross-party Ukrainian Verkhovna Rada delegation
On the morning of August 7, President Lai Ching-te met with a cross-party delegation from the Verkhovna Rada (parliament) of Ukraine. In remarks, President Lai stated that this marks the first visit from a cross-party delegation from the Verkhovna Rada in 20 years, a new milestone symbolizing the deepening of the Taiwan-Ukraine friendship and underscoring our common commitment to the pursuit of freedom and peace. The president expressed hope for increased exchanges between our governments, parliaments, industries, and peoples across society, and that we can strengthen cooperation in such domains as the economy, trade, investment, advanced technology, and talent development. A translation of President Lai’s remarks follows: I warmly welcome People’s Deputy Mykola Kniazhytskyi on his third trip to Taiwan. This is also the first visit from a cross-party delegation from the Verkhovna Rada in 20 years. Your truly meaningful visit symbolizes the deepening of the Taiwan-Ukraine friendship and underscores our common commitment to the pursuit of freedom and peace.  Although Taiwan and Ukraine are geographically distant, we jointly pursue the values of freedom, democracy, and respect for human rights. We also both stand on the frontlines against the expansion of authoritarian influence. Taiwan therefore stands firmly with the people of Ukraine. Since Russia’s invasion began, Taiwan has actively used government funds and private-sector donations to provide Ukraine with humanitarian aid. This has included reconstruction projects for water, power, medical, and educational facilities. Taiwan has also worked with friendly countries such as the Czech Republic, Poland, Estonia, and Lithuania to deliver various kinds of assistance to Ukraine. We want to show the world that when like-minded democracies join forces, we can overcome any number of threats and challenges. Currently, there is limited official engagement between Taiwan and Ukraine. Yet, I look forward to increased exchanges between our governments, parliaments, industries, and peoples across society. I also hope that we can strengthen cooperation in such domains as the economy, trade, investment, advanced technology, and talent development. I hope for a swift end to this irrational and utterly illegitimate war so that the people of Ukraine can be free of its harms as soon as possible. Moving forward, Taiwan is more than willing to work with the international community to help Ukraine rebuild and grow. I thank you all once again for this visit, which marks a new milestone for the Taiwan-Ukraine relationship. Deputy Kniazhytskyi then delivered remarks, stating that this meeting marks a historic moment and is a convincing testimony to the importance Taiwan attaches to the development of the relationship between our countries, adding that he feels the significance of today’s event for the prospect of relations between Taiwan and Ukraine. He said that he sees a clear similarity in the goals pursued by Taiwan and Ukraine, including the protection of democracy against authoritarianism and the preservation of national identity, sovereignty, and territorial integrity. Deputy Kniazhytskyi went on to say that Ukraine is fighting a difficult war against Russia to liberate its illegally occupied territories. However, he said, this is also a war for the truth of democratic values over attempts of subjugation by Russia’s despotism. The deputy pointed out that Taiwan is also resisting the expansion of authoritarian China and its attempts to suppress the aspiration of Taiwanese people to live in a free country where human rights and freedoms are respected. He then stated that any encroachment of Taiwan’s freedom is unacceptable. Deputy Kniazhytskyi said that the presence of the Ukrainian delegation is evidence of the similarity of our aspiration and views of the future of the democratic world, and that they understand that the values and interests of the democratic world need to be resolutely defended in many areas – political, diplomatic, and military. The deputy concluded his remarks by stating that he is convinced that exchanges between Taiwan and Ukraine have good, productive prospects. The delegation also included Ukrainian People’s Deputies Ivan Krulko, Valeriy Lunchenko, Solomiia Bobrovska, Mykhailo Bondar, Andrii Lopushanskyi, and Sviatoslav Yurash.
中文
2025-08-05
President Lai meets delegation led by former UK Prime Minister Boris Johnson
On the morning of August 5, President Lai Ching-te met with a delegation led by former Prime Minister of the United Kingdom Boris Johnson. In remarks, President Lai thanked former Prime Minister Johnson and the UK government for the attention and support they have shown Taiwan and for underlining the importance of peace and stability across the Taiwan Strait at numerous venues. Noting that Taiwan and the UK share the universal values of freedom, democracy, and respect for human rights, the president said that Taiwan looks forward to deepening cooperation with the UK for mutually beneficial development and to contributing even more to the international community. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I want to start by extending a very warm welcome to former Prime Minister Johnson, who is visiting Taiwan for the first time to deliver a keynote speech at the Ketagalan Forum. Mr. Johnson is the third former UK prime minister to visit Taiwan, following Margaret Thatcher and Liz Truss. I am confident that his visit will advance exchanges between Taiwan and the UK. Let me take this opportunity to thank former Prime Minister Johnson and the UK government. When the UK government under then-Prime Minister Johnson’s leadership held the G7 presidency in 2021, the G7 leaders’ communiqué for the first time mentioned the importance of peace and stability across the Taiwan Strait. At many bilateral and multilateral events since then, the UK has consistently underlined its firm position on maintaining the status quo across the Taiwan Strait, further consolidating international support for Taiwan. In a concrete step to safeguard freedom of navigation in the Taiwan Strait, the Royal Navy patrol vessel HMS Spey made a passage through the strait in June. In the same month, the UK government released its National Security Strategy 2025, which notes that the Taiwan Strait is central to global trade and supply chains. It adds that the UK does not support any unilateral attempts to change the status quo and will continue to strengthen ties with Taiwan in a wide range of areas, underpinned by shared democratic values. These efforts of the UK government, beginning with Mr. Johnson as prime minister, have contributed substantially to Indo-Pacific security.  In recent years, Taiwan-UK economic and trade relations have continued to reach new milestones. In 2023, we signed the Taiwan-UK Enhanced Trade Partnership (ETP) arrangement. This was the first institutionalized economic and trade framework between Taiwan and a European country. This June, we signed three pillar arrangements under the ETP covering investment, digital trade, and energy and net-zero emissions, demonstrating the determination of both sides to strengthen our economic and trade cooperation. Taiwan and the UK share the universal values of freedom, democracy, and respect for human rights. Taiwan sincerely looks forward to deepening cooperation with the UK for mutually beneficial development and to contributing even more to the international community. Former Prime Minister Johnson then delivered remarks, first thanking President Lai for the invitation. He noted that this is an absolutely crucial time for the whole world and a time of great uncertainty. Echoing President Lai’s earlier remarks, he said that Taiwan is at the very forefront in the struggle between freedom and democracy on one side and autocracy on the other side. Former Prime Minister Johnson said that he is in Taiwan because he has always wanted to come here and because he is fascinated by the incredible achievements of this country, not least in microprocessors and cuisine. He then congratulated President Lai on his agenda for Taiwan, saying that he fully supports the Five Trusted Industry Sectors and the increase in defense spending to three percent of GDP. Former Prime Minister Johnson stated his belief that there is absolutely no case for the current Chinese bullying of Taiwan, emphasizing that Taiwan is a free and peaceful society that does not deserve to be intimidated in this way. He added that there is no point in such actions, and that he hopes it stops as soon as possible. He noted that by talking to President Lai and other Taiwanese people over the last couple of days, it is absolutely clear to him that those who try to bully or take over Taiwan will never succeed, because Taiwan is an amazing democracy whose people are lovers of their own freedom. Former Prime Minister Johnson said that in very difficult and tense times, this is the moment for all Western countries to build economic and political relations with Taiwan and not to tiptoe away from Taiwan under pressure from any other country. He also emphasized that they in the UK will stand with Taiwan, not just because we share common strategic perspectives or have a growing economic partnership, but most important of all, because we share values, as President Lai mentioned previously. He highlighted that those values of democracy, human rights, and freedom are not only essential to Taiwan’s astounding success but are also right in themselves, concluding that we should defend them for their own sake.
中文
2025-08-05
President Lai attends opening of Ketagalan Forum: 2025 Indo-Pacific Security Dialogue  
On the morning of August 5, President Lai Ching-te attended the opening of the Ketagalan Forum: 2025 Indo-Pacific Security Dialogue. In remarks, President Lai stated that Taiwan holds a key position on the first island chain, making it a keystone of Indo-Pacific peace and stability. The president noted that the government has been moving forward with the Four Pillars of Peace action plan, remains committed to ensuring peace and stability across the Taiwan Strait, and will deepen partnerships with other democratic nations to advance global prosperity and development. He stated that Taiwan is also taking the initiative to enhance its whole-of-society defense and resilience, expanding civil participation, and through military-civilian cooperation, is boosting its self-defense capabilities. President Lai emphasized that a nation’s strength and its democratic footing are grounded firmly in its economy, and that Taiwan will continue to enhance its economic resilience and steadily advance its economic security. He expressed confidence that if democracies can join hands in creating more robust, more resilient global democratic supply chains, we can spur even more economic prosperity and further consolidate our democracy, as well as protect our hard-earned free and democratic way of life. A transcript of President Lai’s remarks follows: This year marks the ninth year of the Ketagalan Forum. Over the years, this key platform has brought together government leaders, experts, and scholars from around the world for dialogue on all aspects of Indo-Pacific security. On behalf of the people of Taiwan, I sincerely welcome you all and thank you for joining us. This year’s forum centers on three major themes: Indo-Pacific regional security, whole-of-society defense strategies in democratic countries, and the strategic integration of economic, technological, and industrial diplomacy. These themes are all closely linked with Taiwan’s national development. I’m confident that this year’s forum will enable Taiwan and democratic partners from around the world to achieve even greater consensus on ways we can work together for a more secure Indo-Pacific and more prosperous world. Over the past year, the international landscape has become more and more volatile. The Russia-Ukraine War is still ongoing, and conflict in the Middle East has only intensified. Meanwhile, China’s military activities in the Taiwan Strait and East and South China Seas pose unprecedented challenges to the rules-based international order. As authoritarianism continues to expand, democratic nations must join even closer in solidarity to defend our values. Taiwan holds a key position on the first island chain, making us a keystone of Indo-Pacific peace and stability. In view of this, we have been moving forward with the Four Pillars of Peace action plan since I took office. This includes boosting our national defense, building economic security, demonstrating stable and principled cross-strait leadership, and promoting values-based diplomacy. Our government remains committed to maintaining the status quo and ensuring peace and stability across the Taiwan Strait. At the same time, we will deepen partnerships with other democratic nations to advance global prosperity and development. Taiwan is also taking the initiative to enhance our whole-of-society defense and resilience. This July, we introduced National Solidarity Month. This combines our yearly Han Kuang military exercises with new Urban Resilience drills. The initiative expanded civil participation and, through military-civilian cooperation, helped verify the readiness of government agencies and people throughout the nation to address extreme situations. Alongside these efforts, we are continuing to reform and invest even more resources in our national defense. Next year’s defense budget will reach a target of over 3 percent of GDP to boost Taiwan’s self-defense capabilities. Taiwan will also continue to enhance its economic resilience and steadily advance its economic security. While we further deepen our economic and trade cooperation with other countries, we will keep upgrading our Five Trusted Industry Sectors of semiconductors, artificial intelligence, military, security and surveillance, and next-gen communications. A nation’s strength and its democratic footing are grounded firmly in its economy. I’m confident that if democracies can join hands in creating more robust, more resilient global democratic supply chains, we can spur even more economic prosperity and further consolidate our democracy. To all dear friends of Taiwan: In this turbulent global landscape, Taiwan stands on the frontline of authoritarian threat, which is also the forefront of the global defense of democracy. Thus, we know how precious peace is; and we recognize that peace in the Taiwan Strait is not just a regional issue, but a shared responsibility for economic stability and security around the world. As a responsible member of the international community, Taiwan will stand with the world’s democracies to face challenges, uphold the rules-based international order, defend peace through strength, and protect our hard-earned free and democratic way of life.  Once again, thank you for participating in this dialogue, and for standing with Taiwan. I wish you all lively and productive discussions today, and a great stay in Taiwan. Thank you. Also in attendance at the event were former United Kingdom Prime Minister Boris Johnson and former French National Assembly President François de Rugy. Additionally, 12 high-ranking officials, scholars, and experts from 10 countries, including the United States and Japan, as well as countries in Europe and the Indo-Pacific region, were invited to engage in in-depth discussions with officials, scholars, and experts from Taiwan.  
中文
2025-08-01
President Lai meets delegation from US Foundation for Defense of Democracies
On the afternoon of August 1, President Lai Ching-te met with a delegation from the United States-based Foundation for Defense of Democracies (FDD). In remarks, President Lai stated that as authoritarianism expands, only by working closely together can the global democratic community protect our shared values of freedom and democracy and way of life. The president said that deepening the strategic economic and trade partnerships between Taiwan and the US will not only help strengthen our cooperation with other like-minded partners in key and innovative technologies, but also ensure supply chain security, which is consistent with the national security interests of Taiwan, the US, and all of our democratic partners. President Lai also expressed hope that further Taiwan-US exchanges and cooperation will enable us to continue to deepen and consolidate democracy. A translation of President Lai’s remarks follows: I extend a warm welcome to this delegation from the FDD. It is a great pleasure to meet with so many dear friends of Taiwan again. The FDD holds a key position among think tanks based in Washington, DC. In addition to conducting research on issues relating to US national security, it also frequently issues policy recommendations and specialist reports that help actively realize its goal of safeguarding democratic values from authoritarian threats. I would like to express my appreciation to the FDD for its long-term focus on Taiwan and for continuing to increase the attention paid to Taiwan’s defense and social resilience. I also hope that the experts and scholars in this delegation can provide Taiwan with optimal insights into these issues. In recent years, China has continued to ramp up military activity in and around the Taiwan Strait and East and South China Seas. The expansion of authoritarianism is not only altering the global security framework, but also challenging the rules-based international order in an unprecedented way. Only by working closely together and adopting appropriate countermeasures can the global democratic community protect our shared values of freedom and democracy and our way of life that values human rights. In addition to demonstrating the determination to defend itself, Taiwan will also fulfill its important responsibilities as a member of the international community. Taiwan will continue to strengthen its national defense, build economic security, demonstrate stable and principled cross-strait leadership, and promote values-based diplomacy to enhance cooperation with democracies around the world. Together, we can safeguard regional peace and stability and advance global prosperity and development. The world has seen the crucial role that Taiwan plays in technological supply chains. In addition to the semiconductor industry, Taiwan can also strengthen cooperation with the US in other key technological fields, including national defense technologies and AI. Deepening the strategic economic and trade partnerships between Taiwan and the US will not only help strengthen our cooperation with other like-minded partners in key and innovative technologies, but also ensure supply chain security. This is consistent with the national security interests of Taiwan, the US, and all of our democratic partners. Taiwan greatly cherishes our deep friendships with all, and we look forward to further Taiwan-US exchanges and cooperation enabling us to continue to deepen and consolidate democracy. Former US Deputy National Security Advisor Matthew Pottinger then delivered remarks, indicating that on this visit, the delegation is working together with the Research Institute for Democracy, Society, and Emerging Technology and others across Taiwan’s society, as well as with guests from Japan, Australia, and Europe, who joined them this week to conduct tabletop exercises. He added that they carried out work to test their assumptions about various scenarios that could occur if there are attempts made to intimidate or coerce Taiwan and other free societies. Mr. Pottinger said that he and his colleagues were impressed with the Taiwan team that participated in the tabletop exercises for their creativity and resourcefulness, which he said gives him great confidence that Taiwan and its friends will be able to deter or respond to any intimidation or crisis. Mr. Pottinger then stated in Mandarin that free nations are innovative, resource-efficient, and resilient under the threat of authoritarian states, and that free nations also have trustworthy friends. He concluded his remarks by thanking President Lai for meeting with the delegation, saying that they look forward to their discussion.
中文
2025-08-01
President Lai delivers remarks on US reciprocal tariff policy response
On the morning of August 1, President Lai Ching-te delivered remarks at the Presidential Office on the response to the reciprocal tariff policy of the United States. President Lai explained that technical consultations with the US are finished, but as the final concluding meeting has not yet taken place, 20 percent has been set for Taiwan as an interim tariff rate. The president said that Taiwan will work towards a more favorable and reasonable rate in the subsequent negotiations, and that the US has expressed its willingness to continue talks. He added that a support plan for Taiwan’s export supply chain in response to US tariffs has been proposed to assist small- and medium-sized enterprises (SMEs) in responding to the US tariff policy. A translation of President Lai’s remarks follows: Earlier today, the US government informed our lead negotiator, Vice Premier Cheng Li-chiun (鄭麗君), that an interim tariff rate for Taiwan has been set at 20 percent. Since April 2, when the US introduced its new tariff policy targeting countries worldwide, Taiwan has actively engaged in four in-person rounds of negotiation and multiple discussions over videoconference with the US government. Throughout the process, both sides have negotiated in good faith based on the shared goal of addressing the trade deficit between Taiwan and the US and creating complementary and mutually beneficial outcomes. Although we have achieved an interim reduction in the tariff rate from 32 percent to 20 percent at this point in the negotiations, 20 percent was never our goal. We hope to work towards a more favorable and reasonable rate for Taiwan in the subsequent negotiations, and the US has expressed its willingness to continue talks. We have finished technical consultations, but as the final concluding meeting has not yet taken place, a final tariff rate has not yet been reached. This is the reason for the setting of an interim tariff rate. I extend my sincere gratitude to Vice Premier Cheng and Minister without Portfolio of the Executive Yuan Yang Jen-ni (楊珍妮) for working tirelessly over the past few months leading the negotiation team, remaining on call whether in Taiwan or the US. From here in Taiwan I, along with Vice President Bi-khim Hsiao, National Security Council Secretary-General Joseph Wu (吳釗燮), Premier Cho Jung-tai (卓榮泰), and Secretary-General Pan Men-an (潘孟安), have also provided full support to our negotiating team in the US. Regardless of the final tariff rate, Taiwan’s industries will inevitably be impacted. I am deeply grateful to Premier Cho for proposing on April 4 a support plan for Taiwan’s export supply chain in response to US tariffs, and for holding over 20 industry consultation sessions. The special budget has also been increased from NT$88 billion to NT$93 billion. This special act has already been submitted to the Legislative Yuan and passed review. I hope that the Executive Yuan will promptly submit the budget request for legislative review so that the special budget can be implemented as soon as possible to assist SMEs in responding to this new US tariff policy.
中文
2025-08-01
President Lai delivers remarks on US reciprocal tariff policy response
On the morning of August 1, President Lai Ching-te delivered remarks at the Presidential Office on the response to the reciprocal tariff policy of the United States. President Lai explained that technical consultations with the US are finished, but as the final concluding meeting has not yet taken place, 20 percent has been set for Taiwan as an interim tariff rate. The president said that Taiwan will work towards a more favorable and reasonable rate in the subsequent negotiations, and that the US has expressed its willingness to continue talks. He added that a support plan for Taiwan’s export supply chain in response to US tariffs has been proposed to assist small- and medium-sized enterprises (SMEs) in responding to the US tariff policy. A translation of President Lai’s remarks follows: Earlier today, the US government informed our lead negotiator, Vice Premier Cheng Li-chiun (鄭麗君), that an interim tariff rate for Taiwan has been set at 20 percent. Since April 2, when the US introduced its new tariff policy targeting countries worldwide, Taiwan has actively engaged in four in-person rounds of negotiation and multiple discussions over videoconference with the US government. Throughout the process, both sides have negotiated in good faith based on the shared goal of addressing the trade deficit between Taiwan and the US and creating complementary and mutually beneficial outcomes. Although we have achieved an interim reduction in the tariff rate from 32 percent to 20 percent at this point in the negotiations, 20 percent was never our goal. We hope to work towards a more favorable and reasonable rate for Taiwan in the subsequent negotiations, and the US has expressed its willingness to continue talks. We have finished technical consultations, but as the final concluding meeting has not yet taken place, a final tariff rate has not yet been reached. This is the reason for the setting of an interim tariff rate. I extend my sincere gratitude to Vice Premier Cheng and Minister without Portfolio of the Executive Yuan Yang Jen-ni (楊珍妮) for working tirelessly over the past few months leading the negotiation team, remaining on call whether in Taiwan or the US. From here in Taiwan I, along with Vice President Bi-khim Hsiao, National Security Council Secretary-General Joseph Wu (吳釗燮), Premier Cho Jung-tai (卓榮泰), and Secretary-General Pan Men-an (潘孟安), have also provided full support to our negotiating team in the US. Regardless of the final tariff rate, Taiwan’s industries will inevitably be impacted. I am deeply grateful to Premier Cho for proposing on April 4 a support plan for Taiwan’s export supply chain in response to US tariffs, and for holding over 20 industry consultation sessions. The special budget has also been increased from NT$88 billion to NT$93 billion. This special act has already been submitted to the Legislative Yuan and passed review. I hope that the Executive Yuan will promptly submit the budget request for legislative review so that the special budget can be implemented as soon as possible to assist SMEs in responding to this new US tariff policy.
中文