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 afternoon of September 27, President Tsai Ing-wen met with Stanford University Professor Andrew Ng. In remarks, President Tsai stated that Taiwan has an excellent foundation in semiconductors and smart manufacturing, and expressed hope that Taiwan can accelerate the development of artificial intelligence and its associated applications, so that we can continue to upgrade and transform our industries. Stating that the government will give its full support to the development of AI technologies, the president expressed her belief that Taiwan has what it takes to develop a comprehensive AI ecosystem and become an international AI powerhouse. A translation of President Tsai's remarks follows: The last time Professor Ng visited Taiwan was in 2019, before the global pandemic started. He was here at the invitation of the Ministry of Science and Technology to give a lecture on the theme "What's next in AI." Four years later, the AI wave has truly arrived and the whole world is paying close attention to this issue. Professor Ng, let me welcome you to Taiwan again. Through this visit, I hope that you can build closer connections with industry and academia in Taiwan to discuss and explore more potential applications for AI. Technological advances have made it easier to put AI into practice. AI can now play a role in finding solutions to the many issues faced by modern society in areas such as climate change, healthcare, and traffic safety. As Professor Ng has said, AI is transforming almost every industry. It is for this reason that Taiwan hopes to accelerate the development of AI and its associated applications, so that we can continue to upgrade and transform Taiwan's industries and cultivate more talent, making Taiwan a smart, digital nation. As AI applications grow increasingly complex, the chip and information and communications technology industries, among others, will have to adapt. AI has also become an important driver for the future of the semiconductor industry. And with the geopolitical changes of recent years, countries around the world are seeking a reliable supply chain. I am confident that building on our solid foundation of talent and R&D, Taiwan will maintain its position of global prominence in this area. Moving forward, Taiwan will work with like-minded partners, using technology to strengthen social trust, safeguard and enhance our democracy and freedoms, and reduce any potentially negative impacts of AI. I also want to thank Taiwania Capital CEO David Weng (翁嘉盛) for his longstanding efforts to facilitate Taiwanese industries' global engagement and for his keen interest in AI. Thank you for hosting the Navigating the Future of AI forum and for inviting Professor Ng to visit Taiwan to explore the trends in and challenges of AI with us. Taiwan has an excellent foundation in semiconductors and smart manufacturing as well as outstanding talent in AI. The government is also giving its full support to the development of AI technologies. I believe that Taiwan has what it takes to develop a comprehensive AI ecosystem. The world can count on Taiwan to become an international AI powerhouse. I once again welcome you, Professor Ng, and I wish you a successful and rewarding visit to Taiwan. 

On the morning of April 22, Earth Day, President Tsai Ing-wen attended the 100 Re-Actions forum on environmental sustainability in Taipei. In remarks, President Tsai stated that the government will promote a broad transition across Taiwan's energy sector, industry, lifestyle, and society on the foundations of technology R&D and climate legislation, working together with the public to accelerate progress toward the goal of net-zero emissions by 2050.   A translation of President Tsai's remarks follows: One year ago today, on Earth Day last year, I attended this forum and announced that we would take a pragmatic and forward-looking approach in plotting a course toward net-zero emissions by 2050. After a year of planning and interagency efforts, the National Development Council (NDC) at the end of last month (March) officially published Taiwan's Pathway to Net-Zero Emissions in 2050, along with an explanation of our overall strategy. On the foundations of technology R&D and climate legislation, the government will promote a broad transition across Taiwan's energy sector, industry, lifestyle, and society in order to accelerate progress toward net-zero emissions.   Technological advances are a key driver of the global transition to net-zero. Whether it’s the net-zero roadmap set out by the International Energy Agency (IEA) or the roadmaps of other countries, long-term carbon reduction will rely on new technologies to deliver further breakthroughs. Taiwan has globally competitive technological advantages, and we must invest in the research and development of new sustainable energy technologies, taking a multi-pronged approach to comprehensively deploy the technologies needed for net-zero.  In terms of legislation, the Environmental Protection Administration has worked to amend the Greenhouse Gas Reduction and Management Act. In addition to changing the name of the act to the Climate Change Response Act, its proposed revisions would write the 2050 net-zero emissions goal into law while activating a carbon pricing mechanism and filling out procedures for carbon footprint verification. Yesterday, the Executive Yuan approved these draft revisions and forwarded them to the Legislative Yuan for review. Going forward, the government will continue to push for further revisions to three key energy-related laws, and will leverage the power of green finance to help our finance sector accelerate the pace of our transition.  Energy transition is at the heart of this work. Since 2016, the government has been actively developing our green energy industry and continues to increase our renewable energy generation capacity, transforming Taiwan into the green energy hub of Asia. The purpose of these efforts is to lay a strong foundation for our future energy transition.  Moving forward, we will invest in the research and development of emerging technologies, including in hydrogen energy, geothermal energy, and other alternative green energy sources. Moreover, to accompany growth in green energy, we will continue to advance the development of smarter electrical grids and energy storage equipment. We want to use the power of technology to drive and accelerate the pace of our energy transition, so that by 2050, renewable energy accounts for at least 60 percent of our generation capacity, hydrogen accounts for around 10 percent, and fossil fuel with carbon capture accounts for around 20 percent, thereby achieving a stable energy transition.  In industry, our government continues to collect recommendations from a range of agencies and develop systematic strategies for reducing carbon emissions. As a country with an export-oriented industrial sector, Taiwan needs to make structural adjustments in order to become a part of the global green supply chain, whether through the enhancement of production processes in our manufacturing sector, the electrification of vehicles, or other means. To achieve this, our public and private sectors will have to work together. I encourage our business leaders to follow our government's model of first working with major companies to lead the way for smaller companies, together reducing the potential impacts of this transition on business while also making Taiwanese industry more competitive internationally.  Our transition to reach net-zero by 2050 will touch every aspect of our lives. To help everyone make lifestyle adjustments, the relevant government agencies have been engaging the public in conversation to forge a broad consensus on this matter. In addition to rallying everyone in Taiwan toward a low-carbon lifestyle, we are working to incorporate this idea even more broadly in areas such as diet, transportation, and architecture.  When it comes to the transition for society at large, the most important thing is to take care in ensuring a fair process. The government is preparing to collaborate with the public to jointly establish a social support system that will assist disadvantaged groups from all sectors of society, helping them turn the challenges of this transition into opportunities while also ensuring public participation and a just process. It is our hope that the costs of this transformation will not be unfairly placed on disadvantaged groups, which is why the government will help them through this process.  Achieving Taiwan's goal of net-zero emissions by 2050 will be a massive challenge. Our government has already planned to invest NT$900 billion by 2030 to promote our transition plans and continue to fine-tune our efforts. We also look forward to industry, academia, and all sectors of society working together with our government, as this forum reminds us that sustainability cannot be achieved by working alone. We will combine our nation's strengths and resources to ensure that the international push for a transition to net-zero by 2050 helps power Taiwan's own development heading into this new era. The NDC's publication of Taiwan's Pathway to Net-Zero Emissions in 2050 and explanation of our overall strategy last month was just the beginning. Our government has received recommendations from industry and environmental organizations, and there will be many projects and work that will require collaboration among us all. We will soon begin the next phase of our dialogue with the public, and will continue to review and revise our plans on a rolling basis, so that the people and government can continue cooperation and take significant strides toward our goal of net-zero by 2050.

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 afternoon of November 7 (morning of the same day in the UK), President Tsai Ing-wen addressed the Taiwan Day event held on the sidelines of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP26) via video. President Tsai stated that no single country can address the global climate crisis alone and that Taiwan should be included as part of the solution to this issue. The president also reiterated that Taiwan is willing and able to work side-by-side with our international partners to achieve our collective goal of net-zero emissions by 2050 and ensure a sustainable environment for future generations. A transcript of President Tsai's remarks follows: First, I want to extend a warm welcome to you all for your presence at COP26 Taiwan Day. While the COVID-19 pandemic continues to present tremendous challenges to the world, the effort to tackle the global climate crisis also requires our immediate and joint attention. In recent decades, the world has faced increasingly grave challenges from extreme weather and climate change. Taiwan, as an integral part of the global community, is looking to play a role and make greater contributions in this important endeavor, so we can leave a better world for our future generations. Therefore, on this critical issue of climate change, Taiwan is determined to join the world in working toward the goal of net-zero emissions by 2050. My administration has been aggressively implementing an energy transition plan since 2016, and is cultivating an even more aggressive plan to expedite our energy transition toward the net-zero goal. To demonstrate our commitment, we are also incorporating the target of "2050 Net-Zero Emissions" into our domestic law. Our government is also engaging the private sector to jointly develop green energy. Our collaboration has helped Taiwan's installed solar power capacity grow 450 percent over the past five years. And our first offshore wind farm began operation in 2019. Our effort doesn't stop here. We aim to do more than just to expedite our own energy transition. Taiwan is also working to become the Green Energy Hub in Asia. We also want to share our experience with neighboring countries to facilitate a more sustainable region. With the international community taking steps toward a zero-carbon economy, I am pleased to see so many experts from government agencies, industry, civil society, and academia gathered here today. This is a wonderful opportunity for us to discuss and exchange views on green energy and green finance with our friends from around the world. Let me take this opportunity to reiterate that Taiwan is willing and capable to work side-by-side with our international partners to achieve our collective goal of net-zero emissions by 2050. Taiwan regards attaining net-zero and mitigating crisis as our collective and generational responsibility. And for this very reason, Taiwan should be included as part of the solution to address the global climate crisis. No single country can do this alone. Only by being united can we ensure a sustainable environment for future generations. Thank you all again for your participation. I wish you all a productive and fruitful COP26 Taiwan Day. The UNFCCC COP26 meetings are being held in Glasgow, Scotland between October 31 and November 12. Taiwan held COP26 Taiwan Day on November 7 in Glasgow to show our nation's willingness and determination to work with international partners to address climate change and achieve net-zero emissions by 2050.

On April 6, President Lai Ching-te delivered recorded remarks regarding the impact of the 32 percent tariff that the United States government recently imposed on imports from Taiwan in the name of reciprocity. In his remarks, President Lai explained that the government will adopt five response strategies, including making every effort to improve reciprocal tariff rates through negotiations, adopting a support plan for affected domestic industries, adopting medium- and long-term economic development plans, forming new “Taiwan plus the US” arrangements, and launching industry listening tours. The president emphasized that as we face this latest challenge, the government and civil society will work hand in hand, and expressed hope that all parties, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. A translation of President Lai’s remarks follows: My fellow citizens, good evening. The US government recently announced higher tariffs on countries around the world in the name of reciprocity, including imposing a 32 percent tariff on imports from Taiwan. This is bound to have a major impact on our nation. Various countries have already responded, and some have even adopted retaliatory measures. Tremendous changes in the global economy are expected. Taiwan is an export-led economy, and in facing future challenges there will inevitably be difficulties, so we must proceed carefully to turn danger into safety. During this time, I want to express gratitude to all sectors of society for providing valuable opinions, which the government regards highly, and will use as a reference to make policy decisions.  However, if we calmly and carefully analyze Taiwan’s trade with the US, we find that last year Taiwan’s exports to the US were valued at US$111.4 billion, accounting for 23.4 percent of total export value, with the other 75-plus percent of products sold worldwide to countries other than the US. Of products sold to the US, competitive ICT products and electronic components accounted for 65.4 percent. This shows that Taiwan’s economy does still have considerable resilience. As long as our response strategies are appropriate, and the public and private sectors join forces, we can reduce impacts. Please do not panic. To address the reciprocal tariffs by the US, Taiwan has no plans to adopt retaliatory tariffs. There will be no change in corporate investment commitments to the US, as long as they are consistent with national interests. But we must ensure the US clearly understands Taiwan’s contributions to US economic development. More importantly, we must actively seek to understand changes in the global economic situation, strengthen Taiwan-US industry cooperation, elevate the status of Taiwan industries in global supply chains, and with safeguarding the continued development of Taiwan’s economy as our goal, adopt the following five strategies to respond. Strategy one: Make every effort to improve reciprocal tariff rates through negotiations using the following five methods:  1. Taiwan has already formed a negotiation team led by Vice Premier Cheng Li-chiun (鄭麗君). The team includes members from the National Security Council, the Office of Trade Negotiations, and relevant Executive Yuan ministries and agencies, as well as academia and industry. Like the US-Mexico-Canada free trade agreement, negotiations on tariffs can start from Taiwan-US bilateral zero-tariff treatment. 2. To expand purchases from the US and thereby reduce the trade deficit, the Executive Yuan has already completed an inventory regarding large-scale procurement plans for agricultural, industrial, petroleum, and natural gas products, and the Ministry of National Defense has also proposed a military procurement list. All procurement plans will be actively pursued. 3. Expand investments in the US. Taiwan’s cumulative investment in the US already exceeds US$100 billion, creating approximately 400,000 jobs. In the future, in addition to increased investment in the US by Taiwan Semiconductor Manufacturing Company, other industries such as electronics, ICT, petrochemicals, and natural gas can all increase their US investments, deepening Taiwan-US industry cooperation. Taiwan’s government has helped form a “Taiwan investment in the US” team, and hopes that the US will reciprocate by forming a “US investment in Taiwan” team to bring about closer Taiwan-US trade cooperation, jointly creating a future economic golden age.  4. We must eliminate non-tariff barriers to trade. Non-tariff barriers are an indicator by which the US assesses whether a trading partner is trading fairly with the US. Therefore, we will proactively resolve longstanding non-tariff barriers so that negotiations can proceed more smoothly. 5. We must resolve two issues that have been matters of longstanding concern to the US. One regards high-tech export controls, and the other regards illegal transshipment of dumped goods, otherwise referred to as “origin washing.” Strategy two: We must adopt a plan for supporting our industries. For industries that will be affected by the tariffs, and especially traditional industries as well as micro-, small-, and medium-sized enterprises, we will provide timely and needed support and assistance. Premier Cho Jung-tai (卓榮泰) and his administrative team recently announced a package of 20 specific measures designed to address nine areas. Moving forward, the support we provide to different industries will depend on how they are affected by the tariffs, will take into account the particular features of each industry, and will help each industry innovate, upgrade, and transform. Strategy three: We must adopt medium- and long-term economic development plans. At this point in time, our government must simultaneously adopt new strategies for economic and industrial development. This is also the fundamental path to solutions for future economic challenges. The government will proactively cooperate with friends and allies, develop a diverse range of markets, and achieve closer integration of entities in the upper, middle, and lower reaches of industrial supply chains. This course of action will make Taiwan’s industrial ecosystem more complete, and will help Taiwanese industries upgrade and transform. We must also make good use of the competitive advantages we possess in such areas as semiconductor manufacturing, integrated chip design, ICT, and smart manufacturing to build Taiwan into an AI island, and promote relevant applications for food, clothing, housing, and transportation, as well as military, security and surveillance, next-generation communications, and the medical and health and wellness industries as we advance toward a smarter, more sustainable, and more prosperous new Taiwan. Strategy four: “Taiwan plus one,” i.e., new “Taiwan plus the US” arrangements: While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. This has been our national economic development strategy, and the most important aspect is maintaining a solid base here in Taiwan. We absolutely must maintain a solid footing, and cannot allow the present strife to cause us to waver. Therefore, our government will incentivize investments, carry out deregulation, and continue to improve Taiwan’s investment climate by actively resolving problems involving access to water, electricity, land, human resources, and professional talent. This will enable corporations to stay in Taiwan and continue investing here. In addition, we must also help the overseas manufacturing facilities of offshore Taiwanese businesses to make necessary adjustments to support our “Taiwan plus one” policy, in that our national economic development strategy will be adjusted as follows: to stay firmly rooted in Taiwan while expanding our global presence, strengthening US ties, and marketing worldwide. We intend to make use of the new state of supply chains to strengthen cooperation between Taiwanese and US industries, and gain further access to US markets. Strategy five: Launch industry listening tours: All industrial firms, regardless of sector or size, will be affected to some degree once the US reciprocal tariffs go into effect. The administrative teams led by myself and Premier Cho will hear out industry concerns so that we can quickly resolve problems and make sure policies meet actual needs. My fellow citizens, over the past half-century and more, Taiwan has been through two energy crises, the Asian financial crisis, the global financial crisis, and pandemics. We have been able to not only withstand one test after another, but even turn crises into opportunities. The Taiwanese economy has emerged from these crises stronger and more resilient than ever. As we face this latest challenge, the government and civil society will work hand in hand, and I hope that all parties in the legislature, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. Let us join together and give it our all. Thank you.