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  • President Tsai promises support for Taiwan’s industry growth

    President Tsai Ing-wen commits to supporting Taiwan’s industry development, highlighting the country’s export success and plans for post-pandemic recovery. Tsai vows to deepen global economic ties, recognizing the National Importers & Exporters Chamber of Commerce’s role in driving economic growth amidst challenges. Taiwan aims to enhance international competitiveness through agreements with the U.S., U.K., Canada, and others, promoting a prosperous future for Taiwanese industries.
    2024/05/06 17:18
  • Investments in SE Asia soar as market potential grows

    Taiwanese companies are increasing their investments in Southeast Asian countries, capitalizing on the region’s rising consumer purchasing power and strategic economic opportunities. Investments under the New Southbound Policy have seen a dramatic increase in 2024, with significant contributions from key players like Foxconn.
    2024/04/19 16:55
  • US, Japan establish joint command, deepen military ties

    Japanese Prime Minister Kishida Fumio and U.S. President Joe Biden reaffirmed the importance of peace and stability in the Taiwan Strait, pledged to uphold international order, and signed approximately 70 cooperation agreements spanning defense, space, economic security, AI, nuclear fusion energy, and disaster relief during a bilateral summit at the White House.
    2024/04/11 17:52
  • Ma Ying-jeou meets Beijing official, stresses 1992 Consensus

    Former President Ma Ying-jeou met with Beijing Party Secretary Yin Li, emphasizing the importance of the 1992 Consensus for cross-strait relations. Ma noted the benefits of past agreements and expressed hope for continued exchanges. He also visited historical sites in Beijing and stressed the resilience of Chinese culture.
    2024/04/09 14:00
  • Taiwan monitors case of nationals accused of smuggling eggs

    Taiwan’s Ministry of Foreign Affairs (MOFA) is closely monitoring the case of three Taiwanese nationals accused of smuggling rare bird eggs through Panama. The individuals were detained at Tocumen International Airport with 240 eggs of protected bird species. MOFA is in contact with Panamanian authorities to ensure fair treatment and a just trial for the accused, emphasizing adherence to international wildlife protection agreements.
    2024/03/15 15:44
  • Taiwan’s exports hit top-three record despite 2023 dip

    Taiwan’s export performance reached a historic high from 2021 to 2023, but experienced a 9.8% decline in 2023 compared to the previous year, according to the Ministry of Finance. Despite this setback, exports to the U.S. continued to soar with a 49.7% year-on-year increase, while exports to countries covered by Taiwan’s New Southbound Policy also saw significant growth. However, exports to mainland China decreased to 35.2%. Taiwan’s total export tally for 2023 amounted to US$432.48 billion, ranking behind only 2022 and 2021. The demand for communications and electronic products during the pandemic-induced work-from-home trend boosted Taiwan’s exports. The Taiwan Institute of Economic Research predicted significant international trade growth in 2024, which would benefit export-oriented economies like Taiwan. In December 2023, Taiwan’s exports to the U.S. reached $8.49 billion, and exports to southern countries surged by over 50%. However, due to the limited coverage of free trade agreements (FTAs), many traditional Taiwanese industries chose to restructure risks and production in Southeast and South Asia. The return of Taiwanese businesses and the expansion of local factories after the U.S.-China trade war, as well as global economic circumstances, significantly impacted the decline in 2023 exports. The Directorate General of Budget, Accounting and Statistics (DGBAS) estimated the first-quarter export volume for 2024 to be around US$106.1 billion, which is an improvement compared to the same period in 2023, but a 10% decrease from 2022.
    2024/02/15 10:49
  • Businesses urge President-elect to boost cross-strait ties

    The Third Wednesday Club Chairman Lin Por-fong expresses hope for improved cross-strait relations and economic cooperation under the ECFA with President-elect Lai Ching-te. Lin emphasizes the importance of handling international relations well, resolving cross-strait issues through communication and exchange, and establishing communication mechanisms with China. He believes that cross-strait relations impact economic development and calls for the loosening of restrictions on the economy, tourism, and culture. Lin advocates for the active maintenance of the ECFA, highlighting that international economic agreements like the CPTPP and RCEP require mainland China’s consent. Concerns are raised about the potential impacts on industries if China terminates the ECFA. Compal Electronics Chairman Hsu Sheng-hsiung warns of global unrest due to constant change and challenges across industries, technologies, economies, politics, and conflicts among nations. He also highlights the need for industries to monitor potential escalations of conflicts as nations vie for resources.
    2024/01/18 10:25
  • TPP pair share Taiwan’s future vision ahead of elections

    Taiwan People’s Party (TPP) candidates unveil their strategy to enhance Taiwan’s security and democratization. Learn about their plans and vision for Taiwan’s future.
    2024/01/12 16:42
  • Natixis: Taiwan’s economy set for growth amid 2024 election

    The upcoming Taiwan presidential election is expected to have a significant impact on the country’s economic growth, according to a research report by France’s Natixis Corporate and Investment Banking company. The report suggests that regardless of the election outcome, Taiwan is poised for economic growth, with the consumer and tech industries leading the way. The research predicts that economic growth could increase from 1.2% in 2023 to 2.9% in 2024. While candidates share similar social and labor policies, the report highlights the major differences in their positions on industrial and energy areas, as well as Taiwan’s economic relationship with China. The report also mentions the potential role of Taiwan People’s Party (TPP) candidate Ko Wen-je in triggering legislative instability. The incumbent Democratic Progressive Party (DPP), leading in polls, is expected to continue pushing for diversified trade and investment policies, shifting focus from China to the U.S. and other Asian regions. However, achieving these targets may be challenging as Taiwan has missed out on regional trade and economic agreements such as RCEP, CPTTP, and the U.S.-led IPEF. If the Kuomintang (KMT) wins the election, they might seek closer trade and investment links with China by expanding the Economic Cooperation Framework Agreement (ECFA), according to Natixis.
    2024/01/06 17:16
  • Premier Chen defends Medigen vaccine confidentiality deal

    Premier Chen Chien-jen discusses the pricing process and confidentiality agreements surrounding Medigen vaccines, stating that negotiations with the Centers for Disease Control (CDC) are ongoing. As a publicly listed company, any decisions about publicizing the government contract require shareholders’ approval. Chen emphasizes the government’s belief in vaccination as the best measure against the pandemic. Medigen had positive results from phase one trials and clinical experiments, leading to phase two development. The World Health Organization (WHO) conducted unity trials with four other countries after being unable to proceed with phase three trials due to Taiwan’s low COVID-19 case statistics. Chen disputes rumors about a 30-year embargo on clinical results, calling it fake news and clarifying that all official documents have a preservation period. He also refutes accusations that over a thousand Medigen shareholders are members of the Democratic Progressive Party (DPP), calling them "imaginary numerical figures." Chen hopes to disclose the information as soon as possible to maintain public trust, but it can only happen after negotiations and respecting existing confidentiality agreements.
    2024/01/03 17:07
  • MOFA counters criticism on Taiwan’s stalled FTAs

    The Ministry of Foreign Affairs (MOFA) has stated that Beijing is working to isolate Taiwan globally in response to criticisms made by Kuomintang (KMT) presidential candidate Hou Yu-ih regarding Taiwan’s stagnant free trade agreements (FTA). During a presidential policy presentation, Hou criticized the Democratic Progressive Party (DPP) for its unsatisfactory economic performance and the lack of progress in bilateral and multilateral trade agreements. MOFA emphasized Taiwan’s commitment to global economic integration and bilateral economic cooperation, but highlighted the interference from China. MOFA believes that Taiwan’s ability to participate effectively in economic integration depends on its strength and global connections, especially as countries like the U.S. and European nations reassess their economic risks with China. MOFA urges all Taiwanese, regardless of political affiliation, to unite and enhance cooperation with like-minded nations in the face of external challenges.
    2023/12/30 17:19
  • Chunghwa Express to discuss bonuses amid labor disputes

    Chunghwa Express Co. is set to discuss performance bonuses and collective agreements at an upcoming board meeting in an effort to resolve ongoing labor disputes and prevent potential strikes. The company’s union has warned of continued protests and strikes if a collective agreement is not signed, following a dispute over low wages and performance bonuses. Union members recently staged a sit-in protest at the campaign headquarters of a presidential candidate, leading to their forcible removal by riot police. The union hopes that a collective agreement can be reached promptly to protect employee rights, but has declared that it will not accept the board’s consideration of annual performance bonuses alone. If no resolution is reached, strike actions could disrupt check and document distribution at 1,400 local bank branches ahead of the Lunar New Year.
    2023/12/28 09:06
  • Cynthia Wu slams MOFA over COP28 diplomacy

    Taiwan People’s Party vice presidential candidate Cynthia Wu expresses disappointment with the Ministry of Foreign Affairs (MOFA) over its handling of diplomatic challenges during COP28. Wu emphasizes the need for the government to reconsider its approach to enhance the economy and diplomacy simultaneously. She highlights the recent consensus in the European Union (EU), where over 700 members of the EU Parliament passed a motion to negotiate bilateral free trade agreements with Taiwan. Wu credits MOFA, the Legislative Yuan, and herself for raising Taiwan’s international profile.
    2023/12/20 21:13
  • Hou vows to join key trade pacts, criticizes DPP inaction

    Kuomintang (KMT) presidential candidate Hou Yu-ih criticizes Democratic Progressive Party (DPP) opponent Lai Ching-te for lacking clarity on cross-strait economic and trade policies. Hou emphasizes the importance of maintaining trade with China and accuses the DPP of not participating in major trade agreements. He vows to join these agreements and secure Taiwan’s position in regional economics. KMT vice-presidential candidate Jaw Shaw-kong also criticizes the DPP for not engaging with mainland China and increasing banned items from China. He argues that the KMT is better equipped to initiate cross-strait dialogues.
    2023/12/18 21:15
  • Vice Premier upbeat on U.S.-Taiwan trade talks progress

    Vice Premier Cheng Wen-tsan expresses optimism about trade talks with the United States, citing U.S. Trade Representative Katherine Tai’s positive stance on advancing Free Trade Agreements (FTAs) with key trading partners. The discussions between Taiwan and the United States have made significant progress, with the US-Taiwan Initiative on 21st Century Trade already reaching five agreements. Second-phase talks, including agriculture, are currently underway. The possibility of addressing tariffs in the negotiations is not ruled out. Additionally, the U.S. House of Representatives has proposed mutual tax exemption to alleviate taxation burdens, a development that could spare corporations and individuals from double taxation issues. Cheng emphasizes the need for diligent and concerted effort in deepening economic ties between Taiwan and the United States.
    2023/12/12 18:15
  • TSMC to expand globally, retain roots in Taiwan: Hsiao

    DPP vice-presidential candidate Hsiao Bi-khim visited the TSMC Museum of Innovation and stated that Taiwan Semiconductor Manufacturing Co (TSMC) would remain based in Taiwan while expanding into trusted partner countries. Concerns about brain drain and technology outflow have arisen as TSMC expands globally. Hsiao emphasized that the first "T" in TSMC stands for Taiwan and highlighted the importance of strategic placement in partner countries. Drawing on her experience in the United States, Hsiao mentioned her efforts to prevent double taxation agreements, which benefit Taiwan’s talent and industries. Her visit and comments coincide with TSMC’s international strategies being closely scrutinized as it seeks to maintain its competitive edge in a complex geopolitical landscape.
    2023/12/12 13:31
  • Hsiao Bi-khim advocates for DPP majority in legislature

    Democratic Progressive Party (DPP) vice-presidential candidate Hsiao Bi-khim emphasized the importance of the DPP holding a majority in the legislature to ensure continuous progress for Taiwan. Speaking at a women’s support group event in Tucheng District, Hsiao highlighted her past achievements, including signing the inaugural agreements of the U.S.-Taiwan Initiative on 21st-Century Trade. She also mentioned that talks to prevent double taxation with the U.S. are nearing completion, which will enhance bilateral trade relations. Hsiao stressed the DPP government’s commitment to establishing friendly and commercial ties with the international community, urging a broader perspective beyond the focus on the 1992 Consensus. She expressed confidence in the foreign policy direction under President Tsai Ing-wen’s administration and the potential for a Lai-Hsiao team to continue this diplomatic route. Hsiao emphasized the symbolic significance of drawing number two in the election draw, representing integrity and steady advancement, and portraying the elections as a testament to Taiwan’s democratic strength. She reiterated the importance of a legislative majority for the DPP to implement stable and progressive policies, reducing resource drain from cross-party conflicts.
    2023/12/12 13:26
  • DPP spokesperson slams KMT, TPP stance on CSSTA

    The story discusses the criticism of the revival of the Cross-Strait Service Trade Agreement (CSSTA) by Democratic Progressive Party (DPP) spokesperson Chang Chih-hao. Chang argues that the CSSTA, an outdated agreement from a decade ago, could harm Taiwan’s interests. This statement was in response to calls from Kuomintang (KMT) presidential candidate Hou Yu-ih and Taiwan People’s Party (TPP) candidate Ko Wen-je to reopen the service trade pact with China. Chang criticizes the China-centric economic and trade policies of former President Ma Ying-jeou, which he believes led to an unbalanced cross-strait economic environment. He highlights the negative impact the CSSTA could have on Taiwan’s industries, jobs, and salary levels. Chang also points out Taiwan’s recent economic achievements, such as the stock market’s performance, while noting China’s high youth unemployment rate. The DPP supports healthy and fair cross-strait exchanges but emphasizes the importance of avoiding political motives and unfair trade. Chang calls for a balanced approach to cross-strait economic and trade agreements and stresses the need for open communication with society when dealing with China’s economic coercion.
    2023/11/29 21:28
  • Labor minister refutes rumors of 100,000 Indian workers

    The Minister of Labor, Hsu Ming-chun, has denied rumors that Taiwan plans to import 100,000 Indian workers. The Ministry of Labor suspects that false information is being deliberately spread to cause panic, and has urged the public not to fall for such tactics. Taiwan is in the early stages of negotiating a Memorandum of Understanding for labor cooperation with India, which has led to speculation about a potential influx of Indian workers. Concerns have been raised on social media about India’s record of violence against women and the impact on social security in Taiwan. Hsu explained that Taiwan is exploring new foreign labor source countries due to labor shortages caused by changing demographics. Currently, Taiwan has agreements with only four countries, but India is considered a promising addition. Hsu emphasized that the MOU has not been signed yet and discussions on importing labor from India are ongoing. The Ministry of Labor will take precautions and improve communication to keep the public informed about the process.
    2023/11/16 12:13
  • U.S. national zoo to return giant pandas to China

    The Smithsonian’s National Zoo in Washington, D.C. is preparing to send three giant pandas back to China, potentially leaving the U.S. without a giant panda for the first time in 50 years. All giant pandas rented by the United States are scheduled to return to China by 2024, and no new agreements have been signed. Rising tensions between the U.S. and China, as well as high costs, have led countries to either return pandas early or not renew contracts. China has engaged in "panda diplomacy," sending 21 giant pandas to various countries since 2014, with the average lease time extended from 10 to 15 years. In the event of a panda’s death during the rental period, China can claim damages ranging from NT$16 million to NT$32 million from the leasing country.
    2023/11/07 16:01
  • President Tsai pledges ‘African Plan’ revision in Eswatini

    President Tsai Ing-wen pledged to revise the "African Plan" during an expatriate banquet in Eswatini after overseeing the signing of three agreements on Monday (Sept. 5).
    2023/09/06 18:58
  • 郭台銘投書《華郵》 批蔡、賴棄九二共識讓台海局勢緊繃

    鴻海創辦人郭台銘近期投書《華盛頓郵報》,文章在今天(17日)刊出,標題為《Taiwan must not walk away from years of agreements with China》,台灣不可背棄與中國多年協議,指出台灣要在一個中國的框架下,與中國合作才能維持和平,並批評民進黨只會讓局勢更加緊張。
    2023/07/17 20:10
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