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2023-10-11
President Tsai addresses opening of 2023 Yushan Forum

On the morning of October 11, President Tsai Ing-wen addressed the opening of the 2023 Yushan Forum. President Tsai said that the New Southbound Policy lies at the core of our Indo-Pacific strategy, and that we are sending a message to the world that in the face of the mounting threats of authoritarianism and climate change, as well as a global restructuring of supply chains, Taiwan is a secure and reliable partner. She also stated that Taiwan is, in no small way, a part of the solution to the challenges facing our region, and that we will continue to deepen our ties with our New Southbound Policy partners and other like-minded countries, and do our part to ensure the prosperity of all in the Indo-Pacific.

A transcript of President Tsai's remarks follows:

Let me first give a warm welcome to all of today's participants. Thank you all for attending the Yushan Forum.

Special thanks go to President [Russ Joseph] Kun and Former Prime Minister [Scott] Morrison. Thank you for participating in the forum, demonstrating your support for Taiwan and for a free, open, stable, and prosperous Indo-Pacific.

The Yushan Forum now enters its seventh year. Since the forum's establishment in 2017, over 3000 people have taken part, including more than 230 international leaders, scholars, and experts from 26 countries.

We launched the New Southbound Policy when I took office in 2016. Through this policy, we seek to advance our cooperation with policy partner countries across a wide range of fields. And one integral part of this effort is the Yushan Forum, a platform for regional dialogue.

In each year of this forum, discussions have focused on the pivotal roles Asia and the Indo-Pacific region play in the global economy. Another key theme is advancing and broadening our regional cooperation, which helps foster an outlook among our partners in the Indo-Pacific for shared prosperity and development.

As the WHO in May this year announced the end of global emergency status for COVID-19, we are now entering a new era, one with many new and evolving challenges. With the theme of ''Starting a New Blueprint for Asian Development,'' this year's forum will initiate conversations on how our region can adapt and prepare for these challenges. I hope our exchanges today can help us build on the successes of the New Southbound Policy so far, and foster more inclusive and resilient growth with our partners.

Over the past seven years, we have taken our economic cooperation with New Southbound Policy countries to new heights. And I am proud to say that today, our ties are stronger than ever.

In 2022, our two-way trade with New Southbound Policy countries exceeded 180 billion US dollars, up 88 percent from 2016. That same year, our exports to these countries reached 96.9 billion US dollars, an increase of 64 percent on 2016. Both of these figures represent record highs.

Our investment in New Southbound Policy countries has also increased considerably. All together, Taiwanese firms, whether operating from Taiwan or third countries, have invested more than 100 billion US dollars in major New Southbound Policy countries. Importantly, their investment has helped create millions of jobs.

It is also worth noting that between 2016 and 2022, cumulative investment in Taiwan from New Southbound Policy countries amounted to 5.4 billion US dollars, with 2.1 billion US dollars in 2022 alone. In total, this is an eight-fold increase from 2016.

Taiwanese banks have also expanded their services in New Southbound Policy countries. As of this year, there are 339 branches and other types of establishments, up 70 percent from 2016.

And we are also in the process of establishing 10 medical centers in seven ASEAN countries, helping to expand local medical and health industries.

Tourist flows have also increased very substantially. From just January to July this year, we have seen more than 2.73 million arrivals from New Southbound Policy countries, accounting for about 84 percent of the total for that period. Taiwan is also listed as one of the top choices in the Global Muslim Travel Index (GMTI), demonstrating that Taiwan's friendliness and respect for diverse cultures have earned the recognition of the international community.

Taiwan is now a preferred place for students from ASEAN countries and India. From degree and exchange programs to research in numerous fields, our academic collaboration has truly blossomed. Since 2016, Taiwan's schools have welcomed more than 200,000 students from countries including Vietnam, Indonesia, Malaysia, Thailand, and India. We are glad to see that some of these students have chosen to stay in Taiwan and work with us to advance our connections with their home countries.

Taiwan has unique strengths in the high-tech sector, and we are seeking to integrate those strengths into a digital New Southbound initiative. This initiative aims to help partner countries in their efforts to develop smart manufacturing and transition into digital economies.

Taiwan is a free and democratic society with a vibrant economy and sound legal infrastructure. Moreover, Taiwan ranked sixth in the International Institute for Management Development's, that is, IMD's World Competitiveness Ranking published earlier this year. 

With the fast changing global landscape of recent years, Taiwan has shown remarkable resilience. It has established itself as one of the major contributors to economic prosperity and stability in the region. And our strengths in technology and manufacturing have proven to be indispensable in the restructuring of regional and global supply chains.

Security and stability in the Indo-Pacific region have garnered significant global attention. From the G7 and the recent Camp David summits, to the European Parliament, UK Parliament, and the US Congress, a consistent message has emerged, that is, peace and stability in the Indo-Pacific region are essential to the security and prosperity of the international community. And security and stability in the Taiwan Strait are a crucial component.

Here, I want to express my sincere thanks to these and the many other voices of support. Through our engagement with the world, we are showing that Taiwan is a shining example of democracy, a responsible actor, and a force for good.

The New Southbound Policy lies at the core of our Indo-Pacific strategy. Through this, we are sending a message to the world that in the face of the mounting threats of authoritarianism and climate change, as well as a global restructuring of supply chains, Taiwan is a secure and reliable partner. Through testing times, Taiwan has stood firm, and we will continue to contribute to peace and prosperity around the world.

I want everyone concerned with the Indo-Pacific to know that Taiwan is, in no small way, a part of the solution to the challenges facing our region.

Now, as we navigate a path toward more inclusive and resilient development, we will continue to deepen our ties with our New Southbound Policy partners and other like-minded countries, and do our part to ensure the prosperity of all in the Indo-Pacific.

I look forward to this forum continuing to be an important part of that vision.

I wish you all a successful and productive forum. Thank you.

Also present at the forum were President Kun of the Republic of Nauru, Member of Parliament and former Prime Minister of Australia Morrison, former United States Ambassador to the United Nations Kelly Craft, Japanese House of Representatives Member and Japan-ROC Diet Members' Consultative Council Chairman Furuya Keiji, and US Senior Official for APEC Matt Murray.

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2025-08-28
President Lai attends opening ceremony of 53rd Asian-Pacific Parliamentarians’ Union General Assembly
On the morning of August 28, President Lai Ching-te attended the opening ceremony of the 53rd Asian-Pacific Parliamentarians’ Union (APPU) General Assembly. In remarks, President Lai thanked the APPU for long providing a platform for countries around the world to engage in legislative diplomacy, exchanges, and cooperation, promoting prosperity and progress in Asia. The president stated that Taiwan will adopt three initiatives in working together with other countries: demonstrating determination to safeguard regional peace, boosting cooperation with diplomatic allies, and leveraging the APPU platform to strengthen cooperation with other nations in Asia to jointly promote peace, prosperity, and economic development in the Asia-Pacific region. A translation of President Lai’s remarks follows: First, on behalf of the government and all the people of the Republic of China (Taiwan), I would like to welcome our distinguished guests from many countries who have come all the way to Taiwan to participate in the APPU’s 53rd General Assembly. The APPU’s predecessor, the Asian Parliamentarians’ Union, was an organization that former Japanese Prime Minister Kishi Nobusuke launched an initiative to found in 1965. This year marks the organization’s 60th year, and it is a great honor for Taiwan to host this year’s historic assembly. I would like to thank Speaker Han Kuo-yu (韓國瑜), president of the Legislative Yuan, Deputy Legislative Speaker Johnny C. Chiang (江啟臣), and members of both the ruling and opposition parties for taking on this important responsibility. I would also like express my gratitude to the APPU for providing this platform for many years for legislators from around the world to engage in legislative diplomacy, exchanges, and cooperation, promoting prosperity and progress in Asia. The theme of this year’s general assembly encompasses strengthening societal resilience and legislative cooperation in the Asia-Pacific region, with a special focus on sustainable economic development, boosting resilience in society, and promoting cooperation on all manner of issues. These not only closely align with Taiwan’s development needs, but are also very important matters in the Asian region currently. The Asia-Pacific has collectively faced various challenges including the SARS outbreak in the 2000s, the COVID-19 pandemic in the 2020s, climate change, and shifting geopolitics. Therefore, it is very important to find ways to build cooperation among different countries through the APPU platform. Taiwan will adopt three initiatives in working together with other countries: First, we will demonstrate determination to safeguard regional peace. There is already a strong consensus in the international community that peace and stability in the Taiwan Strait are indispensable to security and prosperity in the Indo-Pacific region. Taiwan not only has the responsibility to maintain its own security, but also has a duty to uphold peace and stability in the region. This is why Taiwan has adopted the Four Pillars of Peace action plan, the first pillar being to strengthen national defense. Next year, we will devote over 3 percent of GDP to defense spending, and we aim for defense spending, as it is defined by NATO, to reach at least 5 percent of GDP by 2030. The second pillar is to build economic resilience, helping Taiwanese businesses expand their global presence and international markets from a solid base here in Taiwan. From 2010 to last year, Taiwanese investment in China fell from 83.8 percent to 7 percent of total outbound investment. Our investment targets have now shifted to Japan, the United States, and Europe. Next is to strengthen cooperation with other countries, so as to uphold the spirit of democracy, freedom, and respect for human rights. Shoulder to shoulder, we will demonstrate the strength of deterrence and achieve peace through strength. Lastly, Taiwan is willing, on the condition of parity and dignity, to engage in exchanges and cooperation with China to promote peace and mutual prosperity across the strait. Second, we will boost all manner of cooperation with our diplomatic allies. Last year, I visited our allies Tuvalu, the Republic of the Marshall Islands, and the Republic of Palau. I was grateful for the warm welcome of the heads of state and legislatures of these three nations, and also witnessed Taiwan’s close collaboration with our allies in regard to climate change. Going forward, we will continue to strengthen all manner of cooperation with our allies, alongside Japan, the US, Australia, and other nations in Asia, to promote mutual prosperity and development. Third, Taiwan will leverage the APPU platform to strengthen cooperation with other nations in Asia. I ask that the legislators of APPU countries support all aspects of cooperation with Taiwan. Unity and cooperation are powerful, benefitting not only all member states, but also greatly benefitting prosperity and development in the region. To close, I wish the assembly great success and that the legislators here can take advantage of this visit to gain an even deeper understanding of Taiwan.
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2025-08-27
President Lai meets delegation from Inter-Parliamentary Alliance on China
On the afternoon of August 27, President Lai Ching-te met with a delegation from the Inter-Parliamentary Alliance on China (IPAC). In remarks, President Lai thanked IPAC for continuing to support Taiwan through concrete actions. President Lai emphasized that Taiwan will continue to bolster its national defense capabilities and deepen collaboration with democratic partners to enhance deterrence. The president expressed hope that IPAC, through its inter-parliamentary network, will be able to bring together even more like-minded partners to stand side by side in protecting democracy, peace, and prosperity in the region and around the world. A translation of President Lai’s remarks follows: I thank our dear friends from IPAC for visiting and for demonstrating staunch support for democratic Taiwan. In July last year, the largest ever multinational delegation of lawmakers visited Taiwan to attend IPAC’s annual summit in Taipei. The summit adopted an IPAC model resolution on United Nations General Assembly Resolution 2758 to help Taiwan counter China’s lawfare. Because of IPAC’s principled actions, the national parliaments of countries including the United Kingdom, the Netherlands, and the Czech Republic, as well as the European Parliament, have passed Taiwan-friendly resolutions or motions. The executive branches of numerous countries have also openly expressed support for Taiwan. We look forward to seeing even more countries join this effort. I also want to thank IPAC for continuing to support Taiwan through concrete actions this year. It expressed concern over China’s military exercises around Taiwan this April and condemned China for planning a collision with then-Vice President-elect Bi-khim Hsiao’s car during her visit to the Czech Republic last March. IPAC also arranged events to engage with Taiwan’s high-level delegation during the Copenhagen Democracy Summit held in Denmark.  In recent years, China has continued its political and military intimidation against Taiwan and neighboring countries. These actions have severely disrupted regional peace and stability. And as China, Russia, and other authoritarian regimes continue to converge, democracies must foster more comprehensive cooperation so as to safeguard peace, freedom, and democracy. Moving ahead, Taiwan will continue to bolster its national defense capabilities and deepen collaboration with democratic partners to enhance deterrence. Our defense spending, as defined by NATO, will reach 3.32 percent of GDP in 2026. And our goal is to increase that number to five percent of GDP by 2030. This will help Taiwan enhance its self-defense capabilities and further contribute to the maintenance of regional peace and stability. Taiwan will also work alongside other democracies in such fields as energy, AI, and high tech to build more resilient industrial structures and democratic supply chains, demonstrating greater unity, spurring greater economic prosperity, and further consolidating our democracy. Looking ahead, I hope that IPAC, through its inter-parliamentary network, will be able to bring together even more like-minded partners to stand side by side in protecting democracy, peace, and prosperity in the region and around the world. IPAC Co-founder and Member of the Parliament of the United Kingdom Iain Duncan Smith then delivered remarks, first thanking President Lai for taking the time to meet with them. He said that their visit here the last few days has been incredibly helpful to chart the course for IPAC over the next year. MP Smith said that IPAC will be holding a much bigger meeting in Belgium in November to discuss the rising challenge we face today. We see this challenge manifested in Ukraine, he pointed out, with Russia’s brutal invasion of that country, and the coming together of a threatening group of authoritarian states such as Iran, North Korea, and China, to support Russia in that endeavor. He said that this obviously has an impact on a variety of different areas, and particularly, what is happening there has an impact on the treatment of Taiwan in the future. What they wish, he underlined, is to draw the attention of all the governments that are part of IPAC to this issue and to stop authoritarian states from doing something similar here. MP Smith said that IPAC now has members from various parties in the parliaments of 53 countries who, whether on the left or right, cooperate together against the threat of the autocracy in China. They wish, he said, to bring together all of the freedom-loving states of the world to recognize the threat that is now posed to our democracies and freedoms, and to group together to protect those here in Taiwan.  The delegation also included former Foreign Minister of Poland Anna Fotyga, Member of the Swedish Riksdag (parliament) Magnus Berntsson, and IPAC Co-founder and Executive Director Luke de Pulford.
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2025-08-18
President Lai meets study delegation from Japan’s LDP Youth Division
On the afternoon of August 18, President Lai Ching-te met with a study delegation from the Youth Division of the Liberal Democratic Party of Japan (LDP). In remarks, President Lai stated that Japan and Taiwan have deep ties of friendship, and that the two nations share a strong belief in the values of democracy and freedom. With global circumstances rapidly changing, the president expressed hope to continue enhancing cooperation, not only to stabilize the regional situation, but also to boost the resilience of both countries’ economies and bring about win-win outcomes for the economies and industries of both Taiwan and Japan. A translation of President Lai’s remarks follows: I want to first extend a warm welcome to our good friends in the LDP Youth Division, who are once again visiting Taiwan. This past May, I met with Japanese House of Representatives Members Nakasone Yasutaka, Hiranuma Shojiro, and Katou Ryusho, as well as House of Councillors Member Kamiya Masayuki at the Presidential Office, and I am happy that LDP Youth Division Central Standing Committee Chair Suda Akira has also joined the delegation to exchange views on various topics today. I want to thank the LDP Youth Division for the many years it has played a key role in Taiwan-Japan exchanges and spurred deeper bilateral understanding and cooperation. Japan and Taiwan have deep ties of friendship. Whenever Taiwan has faced difficulties, Japan has always lent a helping hand and offered warmth. After a major earthquake struck Taiwan on April 3 last year, the LDP Youth Division raised donations to support reconstruction. Prime Minister Ishiba Shigeru and many members of the Japanese Diet also expressed condolences when Taiwan was hit by typhoons and torrential rains these last two months. Such gestures have deeply moved us. Taiwan and Japan share a strong belief in the values of democracy and freedom. In the face of expanding authoritarianism, I again thank the government of Japan, from former Prime Minister Abe Shinzo to Prime Minister Ishiba, for continually emphasizing the importance of peace and stability in the Taiwan Strait at US-Japan summits, G7 leaders’ summits, Quadrilateral Security Dialogues, and other international venues. With global circumstances rapidly changing, I look forward to Taiwan and Japan working together amid the shifting geopolitical landscape, not only to stabilize the regional situation, but also to continue enhancing cooperation and competitiveness in such industries as semiconductors, AI, military, security and surveillance, and next-generation communications. This will boost the resilience of both our economies, bringing about win-win outcomes for the economies and industries of both Taiwan and Japan. House of Representatives Member Nakasone, who also serves as the director of the LDP Youth Division, then delivered remarks, stating that Taiwan and Japan share many universal values and have common interests in addition to substantive cooperation in many areas. Taiwan-Japan relations are now better than ever, he said, and expressed hope that based on this strong foundation, we can work together to enhance mutual cooperation, with the Youth Division providing support. Director Nakasone expressed condolences for the recent typhoons and torrential rains in Taiwan, which impacted many people. Taiwan and Japan both experience natural disasters frequently, he said, but they lend a helping hand to each other every time a disaster occurs. He noted that next year, Japan will formally establish a disaster prevention agency whose main tasks include international cooperation. He then expressed hope that both countries will share disaster prevention-related intelligence, information, and experience, and strengthen cooperation in this field. Director Nakasone indicated that there are numerous wars going on in the world right now, as well as frequent attempts to change the status quo by force in various places. Among them, Taiwan is facing a tense situation in the Taiwan Strait, and Japan is similarly facing threats from China, Russia, and North Korea. He stated that we must show, both at home and abroad, the determination to save one’s own country, and establish the mechanisms to do so. Taiwan and Japan, as trusted partners, must closely cooperate to promote regional peace and stability, the director said. Noting that in his remarks, President Lai had mentioned cooperation in semiconductors, Director Nakasone said that both sides have strengths not only in semiconductors, but also in next-generation communications and AI. There are many things that Japan can learn from Taiwan, he said, and expressed hope that cooperation in related fields can boost the industrial competitiveness of both countries. Director Nakasone said that currently, whether for Japan or Taiwan, governing is not easy. In particular, he said, the rise of social media platforms has made the democratic system even more complex; however, government leaders must protect the people and the nation. He then expressed hope that Taiwan and Japan will work together to address these challenges, and that the younger generation will also play an important role. The delegation was accompanied to the Presidential Office by Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.
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2025-08-14
President Lai meets Brookings Institution delegation  
On the morning of August 14, President Lai Ching-te met with a delegation of experts and scholars from the Brookings Institution. In remarks, President Lai thanked friends in the government, Congress, and think tanks in the United States for their longstanding and bipartisan support. The president said that in face of mounting threats and coercion from China, Taiwan is actively bolstering its national defense capabilities, building up economic security, and continuing to work alongside the US and other like-minded countries to defend Taiwan’s democracy and safeguard peace and stability in the Indo-Pacific region. A translation of President Lai’s remarks follows: I warmly welcome our good friend Mr. Ryan Hass, director of the John L. Thornton China Center at Brookings, who is once again leading a delegation of esteemed scholars to Taiwan. I am also delighted to meet Dr. Philip Gordon, former US national security advisor to the vice president, and Dr. Constanze Stelzenmüller, director of the Center on the United States and Europe at Brookings, who are both visiting for the first time. The Brookings Institution, established over a century ago, is one of the oldest and most influential think tanks in the US. Its analyses and policy recommendations have consistently been highly valued by the international community. We cherish our friendship with you, and I hope that during this visit you will be able to gain even greater insights into Taiwan through exchanges with various parts of our society. The Taiwan of today is a Taiwan of the world. Taiwan is not just a crucial link in global democratic value chains and the first island chain in the Indo-Pacific, it is also an indispensable part of global non-red supply chains. The Taiwan of today owes its development and achievements to the democracy-loving, hard-working Taiwanese people. I want to especially thank our friends in the government, Congress, and think tanks in the US for their staunch, longstanding, and bipartisan support. Taiwan faces mounting threats and coercion from China – including through military and economic means, gray-zone aggression, united front infiltration, and media and cognitive warfare. In response, Taiwan is implementing the Four Pillars of Peace action plan and is bolstering its national defense capabilities, building up economic security, and working alongside the US and other like-minded countries. This March, I also unveiled 17 response strategies to defend Taiwan’s democracy and safeguard peace and stability in the Indo-Pacific region. Facing changes in and the restructuring of the international economic and trade order, Taiwan will continue to strengthen economic and trade relations with the US, building on our already solid foundation, to create mutually beneficial outcomes. Whether it is the current reciprocal tariff negotiations or the agreement for the avoidance of double taxation, which would benefit both Taiwan and the US, we hope through joint efforts to reach a consensus as soon as possible. This will deepen our cooperation across all domains, as we work together toward progress and prosperity. I believe that by upholding our shared values and continuing our close cooperation, Taiwan and the US will be able to pave a broader, smoother path for even more win-win developments. Director Hass then delivered remarks, thanking President Lai and the Taiwan government for the warm hospitality and kind greetings. He said that he and his colleagues are here as part of a delegation for a study tour to deepen their understanding of issues affecting Taiwan, adding that the visit reflects a long-term investment by the Brookings Institution to deepen policy and public awareness of those issues. Noting that the Brookings Institution has been sending visiting delegations to Taiwan for many years, Director Hass said that they anticipate many more years of visits, through ups and downs, twists and turns. In closing, he said that they look forward to further exchanges.   
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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.
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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.
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