DCS chairs first meeting of Working Group on Ageing Society Strategies (with photos)

Source: Hong Kong Government special administrative region – 4

     The Working Group on Ageing Society Strategies (the Working Group), led by the Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing, held its first meeting today (November 14). Led by Mr Cheuk, policy bureaux discussed the strategic directions and initial plans of the Working Group at the meeting. The Working Group also received an analysis of future population trends and the economic implications of Hong Kong’s ageing society, presented respectively by the Census and Statistics Department and the Office of the Government Economist.

     Societal ageing is a global trend and Hong Kong is no exception. Over the next two decades, the Hong Kong population will age more rapidly. By 2046, more than one in three Hong Kong residents will be 65 or older. The Chief Executive announced the establishment of the Working Group in the 2025 Policy Address to tackle challenges of Hong Kong’s ageing society.

     Mr Cheuk said, “The challenges and opportunities arising from an ageing society impacts various facets, spanning multiple policy areas. Therefore, the Working Group includes members from all 15 policy bureaux.” 

     Mr Cheuk added, “The Working Group will look into how community resources and market participation may be capitalised to drive cross-sector collaboration and synergise with government policy initiatives to formulate timely strategic responses to societal ageing. The Working Group will also monitor the implementation of the announced measures on promoting the silver economy, and consider additional measures to develop silver economy in Hong Kong.”

     The Working Group will submit a report to the Chief Executive next year.

     The Working Group comprises:

     Deputy Chief Secretary for Administration (Leader)
     Secretary for Labour and Welfare (Deputy Leader)
     Directors of the other 14 Bureaux
     Head, Chief Executive’s Policy Unit

     

Government to sell site in Jordan Valley by public tender

Source: Hong Kong Government special administrative region – 4

The Lands Department (LandsD) announced today (November 14) that a site, New Kowloon Inland Lot No. 6674 at Choi Hing Road, Jordan Valley, Kowloon, in the 2025-26 Land Sale List, will be disposed of by public tender. The tender invitation for the lot will commence on November 21 and close on January 2, 2026.
  
New Kowloon Inland Lot No. 6674 has a site area of about 3 830 square metres and is designated for non-industrial (excluding godown, hotel and petrol filling station) purposes. The minimum gross floor area and the maximum gross floor area are 20 682 sq m and 34 470 sq m respectively. Both exclude the gross floor area of Government Accommodation, being a day activity centre cum hostel for severely mentally handicapped persons, a supported hostel for mentally handicapped persons and a lay-by, all to be constructed by the purchaser under the Conditions of Sale.
 
Land sale documents including the Form of Tender, the Tender Notice, the Conditions of Sale and the sale plan of the lot will be available for downloading from the LandsD website (www.landsd.gov.hk) from November 21, while the sale plan will be available for inspection by the public from the same day until the close of the tender. The sale plan in hard copy form may also be purchased at the Survey and Mapping Office of the LandsD, 6/F, North Point Government Offices, 333 Java Road, North Point, Hong Kong, from November 21 until the close of the tender. The particulars of the tender will be gazetted on November 21.

Delegation of judges and judicial officers departs for Jiangsu for exchange visit

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Judiciary:
 
A delegation of judges and judicial officers from the Hong Kong Judiciary will depart for Jiangsu for an exchange visit programme on Sunday (November 16). The programme is part of the ongoing professional exchanges between judges and judicial officers of Hong Kong and the Mainland.
 
The delegation includes 20 judges and judicial officers. It is led by Mr Justice Jeremy Poon, Chief Judge of the High Court, with Mr Justice Derek Pang, Justice of Appeal of the Court of Appeal of the High Court, as the deputy head. During this visit, the delegation will engage in exchanges with judges on the Mainland and attend discussion forums and thematic talks on various topics. The delegation will also make visits to various courts as well as places with cultural and technological significance in Jiangsu Province.
 
The delegation will conclude the visit and return to Hong Kong on November 23.

Economic performance in third quarter of 2025 and latest GDP and price forecasts for 2025

Source: Hong Kong Government special administrative region – 4

     The Government released today (November 14) the Third Quarter Economic Report 2025, together with the revised figures on Gross Domestic Product (GDP) for the third quarter of 2025.
 
     The Acting Government Economist, Dr Cecilia Lam, gave an account of the economic performance in the third quarter of 2025 and the latest GDP and price forecasts for 2025.
 
Main points

* The Hong Kong economy staged a robust performance in the third quarter of 2025, driven by a continued surge in exports and sustained expansion in domestic demand. Real GDP grew by 3.8% over a year earlier in the third quarter, picking up visibly from the 3.1% growth in the preceding quarter. On a seasonally adjusted quarter-to-quarter comparison, real GDP rose further by 0.7%.

* Total exports of goods continued to grow markedly by 12.1% year-on-year in real terms in the third quarter, propelled by strong demand for electronic-related products and buoyant regional trade flows in Asia. Exports of services also expanded notably by 6.3% in real terms over a year earlier, mainly supported by sustained increases in inbound tourism and cross-boundary traffic, as well as vibrant cross-boundary financial service activities.

* Domestically, private consumption expenditure picked up slightly in growth in the third quarter, rising further by 2.1% year-on-year in real terms, reflecting the continued recovery of the local consumption market. Overall investment expenditure saw an accelerated increase of 4.3% in real terms over a year earlier, alongside the economic expansion and stabilisation in the residential property market.

* The labour market softened in the third quarter.  The seasonally adjusted unemployment rate rose to 3.9% in the third quarter from 3.5% in the preceding quarter. The underemployment rate also increased. Employment earnings continued to record year-on-year growth.

* The local stock market exhibited a strong uptrend in the third quarter amid positive market sentiments towards a thriving technology sector, rising expectations for further interest rate cuts in the United States (US) following the one in September, as well as some easing of global trade tensions. The residential property market stabilised further in the third quarter. Flat prices showed a more visible pick-up and rentals remained solid.
 
* Consumer price inflation stayed modest in the third quarter.  The underlying Composite Consumer Price Index (Composite CPI) increased by 1.0% over a year earlier, following the 1.1% increase in the preceding quarter. Price pressures on major components were broadly in check. Including the effects of the Government’s one-off relief measures, the headline Composite CPI increased by 1.1% year-on-year in the third quarter.

* Looking ahead, the Hong Kong economy should see further solid growth for the rest of 2025. Sustained moderate growth of the global economy in the near term, coupled with easing China-US trade tensions of late and persistent demand for electronic-related products, should lend support to Hong Kong’s exports of goods. Continued increases in inbound tourism and vibrant financial market activities should provide further impetus to exports of services. Domestically, the renewed US interest rate cuts since September are conducive to asset market sentiment. Together with the gradual recovery in consumption confidence and steadfast improvement in business sentiment, these developments should help bolster consumption and investment activities.  The Government’s various measures to develop the economy and diversify markets will also provide support. Nevertheless, external uncertainties arising from the lingering impacts of trade barriers, the pace of US interest rate cuts, and the potential moderation in goods export growth due to fluctuations in external demand warrant close monitoring. 

* Taking into account the actual outturn of 3.3% in the first three quarters of the year and the near-term outlook, the real GDP growth forecast for 2025 as a whole is revised up to 3.2%, from 2%-3% in the August round of review. The Government will continue to closely monitor the situation.

* On the inflation outlook, overall inflation should stay modest in the near term, as domestic cost pressures remain contained and external price pressures are subdued. Taking also into account the actual inflation in the first three quarters of the year, the forecasts for the underlying and headline consumer price inflation rates for 2025 are revised down to 1.2% and 1.5% respectively, from 1.5% and 1.8% in the August round of review.

Details
 
GDP
 
     According to the revised figures released today by the Census and Statistics Department, real GDP grew visibly by 3.8% year-on-year in the third quarter of 2025 (same as the advance estimate), having increased by 3.1% in the preceding quarter.  On a seasonally adjusted quarter-to-quarter comparison, real GDP rose by 0.7% in the third quarter (same as the advance estimate), after a 0.4% increase in the preceding quarter (Chart).
 
     The latest figures on GDP and its major expenditure components up to the third quarter of 2025 are presented in Table 1.  Developments in different segments of the economy in the third quarter are described below.
 
External trade
 
     Total exports of goods continued to grow markedly by 12.1% year-on-year in real terms in the third quarter of 2025, following a 11.5% increase in the preceding quarter. Strong demand for electronic-related products and buoyant regional trade flows in Asia supported export growth. Analysed by major market and with reference to external merchandise trade statistics, exports to the Mainland maintained double-digit growth. Exports to the Association of Southeast Asian Nations markets continued to soar, and those to most advanced economies in Asia generally recorded further increases. Exports to the US rose back, while those to the European Union recorded a visibly narrowed decline. On a seasonally adjusted quarter-to-quarter basis, total exports of goods declined by 1.3% in real terms in the third quarter.
 
     Exports of services expanded notably by 6.3% in real terms in the third quarter over a year earlier, after expanding by 8.6% in the preceding quarter. Exports of all major service groups showed further expansion. Specifically, exports of travel and transport services rose further thanks to sustained increases in inbound tourism and cross-boundary traffic. Exports of financial services expanded visibly further, supported by vibrant cross-boundary financial service activities amid advancing global stock markets. Exports of business and other services also grew modestly further. On a seasonally adjusted quarter-to-quarter basis, exports of services rose by 1.3% in real terms in the third quarter.
 
Domestic sector
 
     Private consumption expenditure picked up slightly in growth in the third quarter of 2025, reflecting the continued recovery of the local consumption market. Private consumption expenditure rose by 2.1% in real terms in the third quarter over a year earlier, after an increase of 1.9% in the preceding quarter. On a seasonally adjusted quarter to quarter basis, private consumption expenditure increased marginally by 0.1% in real terms. Meanwhile, government consumption expenditure increased by 1.9% in real terms in the third quarter over a year earlier, after rising by 2.5% in the preceding quarter. On a seasonally adjusted quarter to quarter basis, government consumption expenditure edged up by 0.1% in real terms.
 
     Overall investment expenditure in terms of gross domestic fixed capital formation saw an accelerated increase of 4.3% year-on-year in real terms in the third quarter, further to a 1.9% increase in the preceding quarter. Expenditure on acquisitions of machinery, equipment and intellectual property products rose visibly, with private sector spending showing particularly strong growth. Costs of ownership transfer surged against a low base in the same period last year. Expenditure on building and construction fell at a moderated pace.
 
The labour sector
 
     The labour market softened in the third quarter of 2025. The seasonally adjusted unemployment rate rose to 3.9% in the third quarter from 3.5% in the preceding quarter.  The underemployment rate also increased from 1.4% to 1.6%. The median monthly employment earnings of full-time employees continued to increase, by 3.3% in nominal terms or 2.2% in real terms in the third quarter over a year earlier.
 
The asset markets
 
     The local stock market exhibited a strong uptrend in the third quarter of 2025. Market sentiment improved amid a thriving technology sector, rising expectations for further US rate cuts following the one in September, as well as some easing of global trade tensions following trade agreements reached between the US and many economies. The Hang Seng Index (HSI) rallied to a four-year high in mid-September and closed the quarter at 26 856, up 11.6% from end-June. Entering the fourth quarter, trading activities in the local stock market have stayed vibrant, and the HSI closed at levels similar to that at end-September in recent days.
 
     The residential property market stabilised further in the third quarter. Market sentiment in general turned more positive amid the start of interest rate cuts in the US and strong local financial market performance during the quarter. Overall flat prices showed a more visible pick-up of 2% during the third quarter. The index of home purchase affordability edged up in the third quarter amid the further stabilisation in recent flat prices but was similar to the long-term average. The number of transactions, in terms of the total number of sale and purchase agreements for residential property received by the Land Registry, stayed high at 16 700 in the third quarter, little changed from the preceding quarter but 63% higher than the low level a year earlier.  Overall flat rentals remained solid, rising by 2% during the quarter, boosted further by a seasonal surge in rental demand during the summer. The non-residential property market remained weak in the third quarter.  Prices and rentals of all major market segments softened further, while trading activities showed mixed performance.
 
Prices
 
     Consumer price inflation stayed modest in the third quarter of 2025. The underlying Composite CPI increased by 1.0% in the third quarter over a year earlier, following the 1.1% increase in the preceding quarter. Major components generally saw modest to moderate year-on-year changes, as domestic and external price pressures were broadly in check. The nascent recovery of the local consumption market also kept suppliers prudent in raising prices. Including the effects of the Government’s one-off relief measures, the headline Composite CPI increased by 1.1% in the third quarter over a year earlier.  
 
Latest GDP and price forecasts for 2025
 
     Looking ahead, the Hong Kong economy should see further solid growth for the rest of 2025. Sustained moderate growth of the global economy in the near term, coupled with easing China-US trade tensions of late and persistent demand for electronic-related products, should lend support to Hong Kong’s exports of goods. Continued increases in inbound tourism and vibrant financial market activities should provide further impetus to exports of services. Domestically, the renewed US interest rate cuts since September are conducive to asset market sentiment. Together with the gradual recovery in consumption confidence and steadfast improvement in business sentiment, these developments should help bolster consumption and investment activities.  The Government’s various measures to develop the economy and diversify markets will also provide support. Nevertheless, external uncertainties arising from the lingering impacts of trade barriers, the pace of US interest rate cuts, and the potential moderation in goods export growth due to fluctuations in external demand warrant close monitoring.
 
     Taking into account the actual outturn of 3.3% in the first three quarters of the year and the near-term outlook, the real GDP growth forecast for 2025 as a whole is revised up to 3.2%, from 2%-3% in the August round of review (Table 2). The Government will continue to closely monitor the situation. 
 
    On the inflation outlook, overall inflation should stay modest in the near term, as domestic cost pressures remain contained and external price pressures are subdued. Taking also into account the actual inflation in the first three quarters of the year, the forecasts for the underlying and headline consumer price inflation rates for 2025 are revised down to 1.2% and 1.5% respectively, from 1.5% and 1.8% in the August round of review (Table 2).
 
     The Third Quarter Economic Report 2025 is now available for online download, free of charge at www.hkeconomy.gov.hk/en/situation/index.htm. The Report of the Gross Domestic Product by Expenditure Component, which contains the GDP figures up to the third quarter of 2025, is also available for browse and download, free of charge on the homepage of the Census and Statistics Department, www.censtatd.gov.hk.
 

Multipurpose arena at Ap Lei Chau Sports Centre to reopen

Source: Hong Kong Government special administrative region – 4

     The Leisure and Cultural Services Department announced today (November 14) that the multipurpose arena at Ap Lei Chau Sports Centre in Southern District will reopen for public use from November 21 (Friday). This venue was temporarily closed earlier for refurbishment works.

     Members of the public can reserve these reopened fee-charging facilities via the SmartPLAY website (www.smartplay.lcsd.gov.hk/home), the mobile app (My SmartPLAY), Smart Self-service Stations, or via the service counters at leisure venues and the District Leisure Services Offices. For enquiries, please contact the venue staff at 2554 0832.

Presidential Office thanks Trump administration for announcing its first military sale to Taiwan

Source: Republic of China Taiwan

Details
2025-11-14
President Lai meets Prime Minister Terrance Drew of Federation of Saint Christopher and Nevis
On the morning of November 14, President Lai Ching-te met with Prime Minister Terrance Drew of the Federation of Saint Christopher and Nevis and his wife. President Lai thanked St. Kitts and Nevis for its long-time support of Taiwan’s international participation and for reiterating the importance of maintaining peace and stability across the Taiwan Strait. The president pointed out that our nations have continued deepening our mutually beneficial and prosperous partnership in such areas as agricultural development, medicine and public health, education, energy, and women’s empowerment. He expressed hope that, as we continue forward together, we can jointly advance global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome Prime Minister Drew and Mrs. Diani Jmesha Prince-Drew back to Taiwan. They led a delegation here soon after my inauguration last year, and during their visit, we exchanged many opinions on issues relating to bilateral cooperation. I am delighted to meet with you once again. This is Prime Minister Drew’s third trip to Taiwan since he took office, clearly demonstrating St. Kitts and Nevis’s high regard and support for Taiwan. On behalf of the entire nation, I extend our sincere welcome. I look forward to our two countries continuing to elevate diplomatic ties through close interactions. I would also like to personally congratulate the prime minister on his being awarded the 2025 Most Influential People of African Descent Lifetime Achievement Award. This award recognizes Prime Minister Drew’s contributions to governance, social development, and international affairs as well as his work in raising the international standing of St. Kitts and Nevis. I hope Prime Minister Drew will make use of his international influence, and I wish St. Kitts and Nevis every success when it assumes the chairmanship of the Caribbean Community in the first half of next year. In recent years, thanks to the support of Prime Minister Drew, our nations have continued deepening our mutually beneficial and prosperous partnership in such areas as agricultural development, medicine and public health, education, energy, and women’s empowerment. Prime Minister Drew and I both have medical backgrounds. During his visit last year, we talked particularly about the outcomes of our countries’ health care collaboration. The prime minister also shared his sustainable island state agenda. We are happy to work with St. Kitts and Nevis on the building of a higher-quality public health and medical care environment that benefits all citizens. And we will continue to share our experiences so as to help promote local energy transition and jointly advance sustainable development. I understand that during this trip, Prime Minister Drew has signed a sister-city partnership agreement with Taipei and will be signing another with Tainan on behalf of his nation’s capital city, Basseterre. These are symbols of our countries’ developing ties – deepening from the state level to city level. These partnerships will make our bilateral cooperation closer and more in touch with the lives of our peoples. We also look forward to our nations making greater contributions to the world through a broader diversity of international cooperation. I want to thank Prime Minister Drew for, at this year’s United Nations General Assembly, once again urging the global community to support Taiwan’s international participation and for reiterating the importance to world security of maintaining peace and stability across the Taiwan Strait. In the future, Taiwan and St. Kitts and Nevis will continue to support each other and respond to challenges together. And we will deepen cooperation with even more partners around the world so as to jointly advance global prosperity and development as we continue forward together. I wish you all a pleasant and successful visit.  Prime Minister Drew then delivered remarks, pointing out that our two countries have shared more than 40 years of unbroken friendship marked not simply by cooperation, but by trust, respect, and a genuine sense of shared purpose, and that it is a living relationship grounded in people and progress. He also noted that Taiwan has stood with St. Kitts and Nevis from the very beginning of its independence, and that in every chapter since, Taiwan has been a nation that invests deeply not only in infrastructure, technology, and development, but in people, this being nowhere more evident than in the hundreds of students from St. Kitts and Nevis who have passed through Taiwan’s world-class universities. St. Kitts and Nevis, the prime minister stated, will continue to stand firm in advocating Taiwan’s meaningful inclusion in international bodies, including the World Health Organization and other critical agencies. They do so, he explained, because Taiwan’s leadership strengthens the world, and the world deserves access to Taiwan’s solution. Prime Minister Drew said that our shared story is one of friendship maturing into partnership, and partnership growing into genuine brotherhood, and that we recognize in each other the values of democracy, dignity, and determination. He stated that as they continue to pursue their sustainable island state agenda, they do so with Taiwan beside them supporting their digital transformation, expanding renewable energy capacity, strengthening food security, enhancing health care, and empowering young people. He then thanked President Lai for his leadership, vision, and steadfast commitment to expanding the bonds between our peoples. He concluded by emphasizing that St. Kitts and Nevis stands with Taiwan today, tomorrow, and always, and that they remain ready to deepen cooperation in every sector where progress can be made and lives improved. The delegation also included Minister of Foreign Affairs Denzil Douglas and Ambassador-at-Large Leon Natta-Nelson. The delegation was accompanied to the Presidential Office by St. Kitts and Nevis Ambassador Donya Francis.

Details
2025-11-11
Vice President Hsiao addresses IPAC Annual Summit in Brussels
In response to an invitation from the Inter-Parliamentary Alliance on China (IPAC), Vice President Bi-khim Hsiao, acting upon the designation of President Lai Ching-te, traveled to Europe and on November 7 attended IPAC’s annual summit held at the European Parliament in Brussels, where she delivered a speech titled “Taiwan: A Trusted Partner in a Volatile World.” Vice President Hsiao emphasized that Taiwan matters to the world for at least three core reasons: Taiwan has a thriving democracy; it is a critical global economic player; and it is a responsible international partner. The vice president expressed hope of deepening collaboration with IPAC members in four areas, including trade and tech cooperation, whole-of-society resilience, global inclusion, and peace in the Taiwan Strait. The following is the full text of the vice president’s speech: Honorable Members of IPAC, Thank you IPAC for the privilege of being here in the European Parliament. It means so much to us, so much to the people of Taiwan. From my first meeting with you three years ago when I hosted a reception for IPAC in Washington DC, to our gathering in Taipei, and now in Brussels, I have always felt a unique bond with IPAC, where our shared commitment to upholding democratic values and sustaining peace has brought us together. I bring greetings from the people of Taiwan, and I stand here not only as a representative of a government, but as a voice for a society deeply committed to the same ideals that animate the parliaments of democracies around the world. In an era marked by increasing fragmentation, volatility, and rising authoritarianism, this gathering affirms something vital: that democracies, even when far apart, are not alone. We are not alone in our values, not alone in our challenges – and, most importantly, we are not alone in our responsibility to act. Being here in Brussels, let me begin by speaking about Taiwan and Europe.  We may differ in culture and history, but our partnership is rooted in common ground that runs deep. We are pluralistic societies that value open discourse, accountable governance, fair elections, and the freedom of belief and expression. We believe truth is not dictated by algorithms or autocrats, and that international rules are not a menu – they are the foundation for peaceful coexistence. Europe has defended freedom under fire. Taiwan has built democracy under pressure. These different histories lead to a shared commitment: peace, dignity, and resilience. Our democracies are not perfect, but they are open. They do not silence criticism – they allow it to guide reform. They do not fear transparency – they demand it. And they do not require loyalty to a strongman – but allegiance to the law and the people. As democracies, we believe that free political and economic systems deliver prosperity and growth. Freedom fuels innovation. Fair, open trade fuels cooperation. These aren’t slogans – they’re strategic anchors for democracies seeking security and progress. This summit is more than a European forum – it is a global moment. It brings together members from across regions who recognize the urgent and shared issues that confront open societies everywhere. We are facing an expanding, coordinated, and evolving set of threats and challenges: ● Military pressure and gray-zone coercion ● Cyberattacks and disinformation campaigns ● Economic leverage used to extract political compliance ● Infrastructure sabotage – physical and digital ● Foreign interference targeting unity and public trust Many of these threats originate from state-based actors following a common playbook – seeking to expand influence by dividing, destabilizing, and discrediting democratic systems. We must understand that we are in a long-term contest – not for dominance, but for the preservation of a rules-based international order rooted in peaceful cooperation, not in force nor coercion. In light of intensifying military and security pressure from China in our region, Taiwan is committed to increasing our defense investment – targeting 5% of GDP by 2030. But we also know that security is not just about military strength. It begins at home. What some in this part of the world call Total Defense, we call Whole-of-Society Resilience. It means involving all sectors of our society – from cyber defense and emergency response to civil preparedness. Here are vivid examples of some challenges we’ve faced: In 2023, Taiwan’s undersea cables connecting offshore islands were cut, disrupting vital communications and emergency services. Our institutions and networks that manage data and connect our people face daily and persistent cyberattacks. Similar incidents have occurred elsewhere around the world, including right here in Brussels. These aren’t just technical failures, they are tests of our resilience, and they require concerted efforts in response. So we are: ● Building backup satellite communication systems ● Training communities for emergency responses ● Hardening infrastructure against cyber and kinetic threats ● Investing in energy resilience and smart grids ● Developing civic education that fosters media literacy and critical thinking We are also aligning local and national governments, private industry, and civic institutions in coordinated contingency planning. Because whether we are dealing with provocations or natural disasters, cohesion is a force multiplier. We are eager to share and learn from partners – because resilience is stronger when it is done together. Now let me turn to economic resilience, a shared priority. In recent years, the world has been rocked by a pandemic, supply chain disruptions, and geopolitical pressure. We’ve all learned that economic security is national security. Taiwan and our partners around the world are diversifying supply chains, investing in strategic sectors, and reducing vulnerabilities. Consider semiconductors: Back in the 1980’s the Dutch company Philips was a major founding stakeholder of Taiwan’s flagship chipmaker, TSMC. Today, TSMC invests and partners across Europe with a robust supply chain of design, materials, and high-end industrial equipment. These aren’t just business deals – they’re mutually reinforcing endeavors that cannot be achieved in isolation. Europe remains Taiwan’s top source of foreign direct investment. Together, we are building a reliable technology ecosystem rooted in trust, transparency, and democratic values. But semiconductors are only one piece of global economic resilience. Taiwan is working with partners around the world to strengthen reliable ecosystems in other critical areas, including pharmaceutical ingredients, biomedical supplies, energy technologies, AI, defense industries, next generation telecommunications and more. These are not abstract priorities – they are the backbone of a secure and resilient global economy, especially as we transition into the AI era. Taiwan’s contributions go beyond manufacturing – we bring high standards, open partnerships, and deep technical know-how. We believe the next generation of global supply chains must be transparent, secure, and aligned with democratic values. So let me say this clearly: Taiwan is not just relevant – it is indispensable to the global conversation on peace, prosperity, and the future of democracy. Taiwan matters to the world for at least three core reasons: 1. We are a thriving democracy. Taiwan proves that democracy can thrive in Asia. Despite pressures inside and out, we continue to hold free elections, safeguard civil liberties, and support pluralism in our society. We have demonstrated that democracy can be a choice that works wherever people are free to make it. 2. We are a critical global economic player. Taiwan plays and important role in the interconnected global technology supply chain. We make chips and components that power your phones, cars, medical devices, and defense systems. Taiwan also produces computers and servers that enable your AI data centers to function. As Professor Akira Igata just emphasized, cross-Strait stability is not only a regional concern – it is a cornerstone of global prosperity. Taiwan’s role in preserving peace and maintaining economic continuity in this vital corridor cannot be overstated. 3. We are a responsible international partner. Despite being excluded from international organizations, this is the third important area where Taiwan matters to the world. Taiwan has stepped up. We contribute to humanitarian aid, disaster relief, public health, and SDG goals around the world. We uphold global standards, even when we are not allowed a seat at the table. Taiwan’s presence strengthens global efforts. Taiwan matters – not because we are a victim of coercion, but because the integrity of the international system and global prosperity depend on a strong and free Taiwan. As IPAC members, you’ve stood with Taiwan. And we look forward to deepening our collaboration in at least four areas: ● Trade and Tech Cooperation: Build trusted supply chains, expand dialogue on AI and digital cooperation, and invest in talent for democratic innovation. Together we need to shape the standards and norms of the next technological era. ● Whole-of-Society Resilience: Share best practices in defense, cybersecurity, infrastructure, disaster relief, sheltering, counter-disinformation, and civil readiness. Let’s ensure that our societies are not only protected – but better prepared. ● Global Inclusion: As you have done, please continue to support Taiwan’s meaningful participation in international organizations including the WHO, ICAO, INTERPOL, and more. Push back against distortions and misinterpretations of historical documents that have been used to unjustly block Taiwan’s participation. ● Peace in the Taiwan Strait: Uphold the principles that are common expectations of humanity and of the UN Charter, which prohibits the threat or use of force to resolve disputes. Peace in the Taiwan Strait is essential to global stability and economic continuity, and international opposition against unilateral changes to the status quo by force cannot be overstated. These aren’t favors – they’re constructive partnerships. A stronger Taiwan means a more stable Indo-Pacific. And a stable Indo-Pacific will bring about a safer world. A few months ago in Taipei, IPAC members gave me a calligraphy gift with the Chinese words “得道者多助” which is an axiom from the ancient philosopher Mencius, literally meaning “Those who take the right way get a lot of help.” It is an assertion that righteousness, justice, and moral integrity will naturally attract widespread support and assistance. When it comes to international participation, things have been so hard us Taiwanese. And yet, Taiwan has always sought to be a force for good in the world, and we are grateful to all of you for your continuing support. We don’t just want to survive – we want democracies to thrive. We are not just defending what we have, but building what we want the future to look like, where free people and societies are more connected, more united, and more capable, and of course stronger together. Taiwan is ready to work with all of you. Together, we can ensure that freedom not only endures – but prevails. Thank you.

Details
2025-11-09
Vice President Hsiao delivers remarks after returning from IPAC annual summit in Europe  
In response to an invitation from the Inter-Parliamentary Alliance on China (IPAC), Vice President Bi-khim Hsiao, acting upon the designation of President Lai Ching-te, traveled to Europe and attended IPAC’s annual summit in Brussels, where she delivered a speech. Accompanied by Minister of Foreign Affairs Lin Chia-lung (林佳龍), the vice president concluded her journey and returned to Taiwan on the morning of November 9. Upon arrival at Taoyuan International Airport, the vice president delivered remarks, stating that during the trip she delivered a speech titled “Taiwan: A Trusted Partner in a Volatile World,” which aimed to foster greater understanding and support for Taiwan in the international community and called on all countries to deepen economic, trade, and technological cooperation with Taiwan, support Taiwan’s international participation, and work together to safeguard peace in the Taiwan Strait and stability in the region. In her remarks, the vice president pointed out that this trip was in response to IPAC’s invitation to attend the organization’s annual summit at the European Parliament in Brussels on November 7, and that Foreign Minister Lin accompanied her on the trip. Representing the nation during the topical session dedicated to Taiwan, the vice president shared Taiwan’s democratic story with a broad range of friends from European countries, members of national parliaments, civil society, and the media, aiming to foster greater understanding and support for Taiwan in the international community.  Vice President Hsiao also pointed out that IPAC is a transnational parliamentary platform comprised of elected members of parliaments from countries around the world and members of the European Parliament who share the values of freedom and democracy with Taiwan. IPAC has long been a staunch partner of Taiwan, she said, supporting Taiwan’s international participation with concrete actions, emphasizing the importance of peace in the Taiwan Strait and stability in the region, and actively speaking out for Taiwan in the international community. The vice president explained that the title of her speech at the summit was “Taiwan: A Trusted Partner in a Volatile World.” The speech, she said, emphasized that Taiwan is not only an important partner in global high-tech manufacturing and democratic supply chains, but also a responsible member of the international community, and that a free and resilient Taiwan has irreplaceable value for global peace, prosperity, and the future of democracy. She also called on partners from around the world to deepen economic, trade and technological cooperation with Taiwan, strengthen social resilience and security dialogues, and support Taiwan’s international participation, as we work together to maintain peace in the Taiwan Strait and stability in the region. Regarding the event itself, Vice President Hsiao thanked the IPAC team for their sincere invitation, everyone whose assistance made the trip proceed smoothly, and members of the European Parliament from various countries, the media, and citizen representatives for their enthusiastic exchanges on the sidelines. She also thanked the team led by Foreign Minister Lin, Taiwan Representative to the EU and Belgium Ambassador Shieh Jhy-wey (謝志偉), Taiwan Representative to the UK Ambassador Vincent Chin-hsiang Yao (姚金祥), and colleagues from various overseas missions, as well as the National Security Council and other national security teams, for all the hard work in planning and arranging this visit, making it a complete success. Sharing her impressions of the trip, the vice president said that Taiwan’s international situation has always been difficult, with much unfairness and setbacks, and that nothing has been easy. But Taiwan has never backed down, she continued, because we believe that the people of Taiwan, like all global citizens, should have the opportunity to participate in the international community. She emphasized that thanks to the efforts and persistence of all our citizens, Taiwan has gradually been able to make our own way in the face of never-ending difficulties and challenges. Revisiting a quote from Mencius (孟子) that she also mentioned in her speech, “Those who take the right way get a lot of help,” the vice president explained that the people of Taiwan are very kind-hearted, freedom-loving, and hard-working, and are very willing to contribute to the world; and since we are on the right path, we will gain more international recognition and help. Vice President Hsiao said she felt honored to be able to share Taiwan’s importance and responsibility with IPAC members, who have long supported Taiwan, in such an important hall of the European Parliament. She also emphasized that it has always been our responsibility to convey the voice of the people of Taiwan to the world, and our mission is to get the world to see that Taiwan is a force for good, and support Taiwan. Taiwan is not alone, she said, because more and more like-minded friends around the world are willing to join us on the journey. She concluded by saying that Taiwan will continue, with confident, pragmatic, and firm steps, to show the world our resolve, goodwill, and the power of democracy.  

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2025-11-03
2025 APEC Economic Leaders’ Meeting delegation press conference
On the afternoon of November 3, the Presidential Office held a press conference for our delegation to the 2025 APEC Economic Leaders’ Meeting (AELM) upon its return to Taiwan. Leader’s Representative Lin Hsin-I (林信義), accompanied by Minister without Portfolio of the Executive Yuan and National Science and Technology Council Minister Wu Cheng-wen (吳誠文), Minister without Portfolio of the Executive Yuan and Office of Trade Negotiations Chief Representative Yang Jen-ni (楊珍妮), National Security Council (NSC) Advisor Hsu Szu-chien (徐斯儉), and Director General Jonathan C.Y. Sun (孫儉元) of the Ministry of Foreign Affairs (MOFA) Department of International Organizations as Senior Official for APEC, explained the overall situation at this year’s APEC meetings and the outcomes of the AELM, and fielded questions from the media. In his remarks, Leader’s Representative Lin said that he was honored to once again represent President Lai Ching-te at the AELM, and although this year’s issues were different, the responsibilities remained significant. He stated that with extensive assistance and cooperation from various ministries and agencies, he did his utmost to complete the tasks assigned by President Lai, and deepen interaction with various member economies through multilateral and bilateral exchanges, further enhancing Taiwan’s visibility and participation in APEC. Leader’s Representative Lin stated that there is much uncertainty in the current global economic order due to factors including geopolitical changes, restructuring of supply chains, transformation of technology, and climate change. Discussions at this year’s APEC focused on the ongoing changes in global economic and trade patterns, he said, paying special attention to issues such as technological innovation, supply chain security, and AI. The host country, Korea, also made AI and demographic changes a focal point, exploring the challenges facing economic development in the Asia-Pacific region including declining birth rates, aging populations, labor shortages, and digital divides. Leader’s Representative Lin said that the first task assigned by President Lai was to convey that Taiwan is committed to strengthening economic resilience and hopes to cooperate with various countries and continue to promote regional economic and trade development. Regarding the great interest and praise expressed by numerous member economies for Taiwan’s development of AI, smart medicine, digital healthcare, and small- and medium-sized enterprise (SME) resilience, Leader’s Representative Lin used the phrase, “If the flowers are in bloom, butterflies will come.” In the past, Taiwan needed to devote comparably more effort to attracting foreign investment and cooperation, he said, but needless to say, many economies now come forward of their own accord as a result of the concerted efforts of all our citizens. The delegation also took the opportunity to share the resilience gene and the ability to respond to environmental changes that have long characterized Taiwan enterprises to the member economies, promoting diversified partnerships and cooperation to spur stable growth in the regional economy. Regarding the second task assigned by President Lai, to convey that Taiwan is willing to share its experience in pioneering industries and promote public-private cooperation to address global challenges, Leader’s Representative Lin pointed out that all APEC member economies are already familiar with Taiwan’s strengths in pioneering technology industries, but are curious about how to cultivate such irreplaceable and exceptional strengths.  Over the past few decades, Taiwan has built a highly developed and comprehensive industrial ecosystem through seamless cooperation involving the government, enterprises, academia, and research institutions, he said, setting a high threshold for Taiwan’s competitive advantages. This is also a successful experience of Taiwan’s that was often shared during the meeting. In addition, he emphasized the importance of AI and the digital transformation of SMEs. With our solid information and communications technology (ICT) industry foundation, Taiwan actively assists SMEs with introducing AI and cloud technology to enhance their cross-border business capabilities and competitiveness, which was closely aligned with the core spirit of the meeting theme of “digital inclusion.” At the same time, Leader’s Representative Lin also called on member economies to strengthen digital cooperation and establish a more open and secure data environment so that technological development can truly benefit everyone, rather than create new digital divides. Leader’s Representative Lin then mentioned the third task assigned by President Lai, which was to convey that Taiwan is now accelerating the promotion of human-centered AI development to help realize APEC’s common vision. For the development of human society and culture, technological development is a double-edged sword, he said, and only a human-centered approach can serve as the goal for the existence and innovation of technology. Therefore, he said, we call for the establishment of an inclusive and responsible AI governance framework to ensure that technological development is aligned with principles of ethics and trust through the sharing of experience and standards. At the same time, in the current digital age it is extremely important to deepen cooperation in cross-border talent and skills to cultivate a new generation of professionals with capabilities in cross-disciplinary application. We must promote the application of AI in various industries, he said, so that SMEs and traditional industries can also share in the benefits of transformation through smart technologies. Leader’s Representative Lin stated that our government will continue to use a public-private partnership approach to seek solutions, and will share its successful experience with other APEC economies in joint pursuit of shared prosperity in the Asia-Pacific region. During the meetings, he pointed out the outstanding contributions of Taiwan’s representatives to the APEC Business Advisory Council (ABAC). One example is Acer Chairman Jason Chen (陳俊聖), who has launched an “AI and the Aging Economy” project that uses an AI facial expression recognition model to detect early-stage dementia with up to 86 percent accuracy. A second example is Quanta Computer Chief Technology Officer Ted Chang’s (張嘉淵) “Daily Plus: Empowering AI to Create Inclusive Smart Healthcare” project, which has also been widely praised, as it empowers medical staff without engineering or technical backgrounds to use AI while promoting open-source AI localization and cross-border training. This project, he added, has been running for three years, and interest is high among all member economies, with more than 150 people from 17 economies participating this year. A third example is Taiwan Mobile President Jamie Lin (林之晨), whose company has assisted some 2,000 SMEs from 21 economies with undergoing cybersecurity checkups. In addition, in the face of disaster risks brought on by climate change, AI has been used to enhance the resolution of weather forecasts from 25 kilometers to just 2 kilometers. When Typhoon Gaemi struck in 2024, AI models clearly delineated the structure of the storm and provided more accurate forecasts that enabled the central and local governments to make advance preparations and minimize losses. This demonstrated the ability of technology to protect lives and the economy. Leader’s Representative Lin stated that Taiwan did more at the proceedings than simply put forward general outlines and topics. Beyond that, our delegation also reported to member economies on specific measures that Taiwan has taken and what results we have achieved, and all took a keen interest in our projects. The fact is, he said, these cases fully demonstrate the innovative capacity of Taiwan’s companies and professional talent. They also show Taiwan’s willingness as an APEC member to share its experience with other economies, and to jointly create AI-driven inclusion and sustainable growth, he said. Leader’s Representative Lin mentioned that the content of this year’s APEC Leaders’ Declaration plays to Taiwan’s strengths, so he was very pleased. In addition to formal remarks made in meetings, he also engaged in constructive exchanges with a number of other leaders and delegation members. Heads of state from many countries praised Taiwan highly for its contributions in such areas as semiconductors, ICT, medical technology, and SME development, and expressed interest in cooperation. Such interactions helped raise Taiwan’s global visibility, and also laid a solid foundation for future enhancement of substantive economic and trade cooperation. Finally, Leader’s Representative Lin described the atmosphere of APEC 2025 by again quoting the phrase, “If the flowers are in bloom, butterflies will come.” He said that he and all the other delegation members felt greatly honored, which he said was the result of hard work by everyone throughout Taiwan. He also stated that many government agencies helped the delegation carry out its mission smoothly. He thanked the NSC for its planning, and praised MOFA, the Taipei Mission in Korea, diplomatic personnel, and the delegation members and behind-the-scenes staff for their hard work. Their dedication ensured that Taiwan was able to present a highly professional, sincere, and cooperative image at the summit. In carrying out policy advocacy, interacting with the business community, and promoting economic activity and trade, he said, everyone completed the delegation’s mission with consummate professionalism and enthusiasm. In the future, Taiwan will continue to cooperate at APEC venues with other economies to bring its strengths into play, promote regional prosperity and development, and continue engaging in dialogue with the world through APEC platforms to ensure that the international community sees Taiwan, he said. Leader’s Representative Lin then responded to questions from the media on Taiwan-Japan cooperation, Taiwan-United States relations, achieving higher visibility for Taiwan at APEC, and interactions with other economies during the proceedings, among other topics.

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2025-11-01
APEC Leader’s Representative Lin Hsin-i holds international press conference  
At the 2025 APEC Economic Leaders’ Meeting (AELM) in Korea that concluded at noon on November 1 (local time), Senior Advisor to the President and Chairman of Taiwania Capital Management Corporation Lin Hsin-i served as Taiwan’s leader’s representative. Leader’s Representative Lin participated in the full meeting and shared Taiwan’s contributions to the global economic system, successfully completing the mission entrusted to him by President Lai Ching-te.  On the afternoon of the same day, Leader’s Representative Lin convened an international press conference in Gyeongju, Korea, in which he explained the APEC meeting process and outcomes, and responded to questions from reporters. In remarks, Leader’s Representative Lin first thanked the members of the media for their hard work conducting interviews and filing reports over the past few days. He then thanked everyone who accompanied the delegation throughout the trip and witnessed the important interactions during this year’s AELM. Leader’s Representative Lin stated that this year, as is customary, APEC held two formal AELMs and a working lunch with APEC Business Advisory Council (ABAC) representatives. The priorities set by Korea for this year’s APEC were “Connect, Innovate, Prosper,“ he said, and the meeting agenda also revolved around exploring the challenges stemming from AI and demographic changes. He pointed out that Korea also included culture and fashion industry development in the scope of discussions, with topics including how APEC can engage in cooperation to promote trade and investment amidst increasing global uncertainty, and especially how to promote cooperation between the public and private sectors. Meeting discussions also focused on ways to deal with emerging trends such as the profound impacts from AI’s rapid evolution and demographic changes. Leader’s Representative Lin indicated that the focus of his statement at the meeting was that in the face of economic uncertainty, in addition to increasing the autonomy and economic security of its industries, each economy must simultaneously maintain open international trade practices and global market vitality. Therefore, he concluded, governments must create a stable, transparent, and predictable economic and trade environment, and jointly assist enterprises in building resilience amid changing circumstances so that they can confidently make long-term investments and promote innovation. Leader’s Representative Lin also shared Taiwan’s experience in developing semiconductor supply chains, which are the result of government policy guidance in planning industry development and the joint efforts of the private sector, including the establishment of clusters, R&D teams, tax incentives, and talent cultivation. He noted that many member economies were extremely interested in the highly developed and comprehensive nature of Taiwan’s semiconductor industry. In discussing the challenges from rapid demographic changes facing many Asia-Pacific economies, Leader’s Representative Lin also shared Taiwan’s human-centered solutions aided by technology. He gave the example of the “AI and the Aging Economy” project promoted by ABAC representative and Acer Chairman Jason Chen (陳俊聖) which uses AI to create a facial expression recognition model that is up to 86% accurate, and can detect early-stage dementia. He provided another example with Quanta Computer Chief Technology Officer Ted Chang’s (張嘉淵) “Daily Plus: Empowering AI to Create Inclusive Smart Healthcare” project, which has also been widely praised, as it empowers medical staff without engineering or technical backgrounds to use AI while promoting open-source AI localization and cross-border training. This project, he added, has been running for three years, and interest is high among all member economies, with 18 participating this year. Leader’s Representative Lin pointed out that, in addressing the disaster risks associated with climate change, applying AI to develop high-precision meteorological models has increased the resolution of meteorological forecasts from 25 kilometers to 2 kilometers. When Typhoon Gaemi struck last year, he added, the AI model clearly depicted the typhoon’s structure, improved forecast accuracy, and facilitated advance deployments by local governments, significantly reducing disaster losses and demonstrating the power of technology to protect human life and the economy. Many member economies are also very interested in this technology, he underlined. Leader’s Representative Lin emphasized that Taiwan attends APEC not only to participate in this important international economic and trade meeting, but also because it gives Taiwan an important stage on which it can raise its global visibility. He said that through APEC meetings and numerous bilateral exchanges, they demonstrated Taiwan’s contributions to the global economic system while accomplishing the three major tasks assigned to him by President Lai. When asked by the media about his overall assessment of this trip, and whether he would agree to continue to serve as the representative next year if asked by President Lai, Leader’s Representative Lin responded that no one can give himself grades for his own performance, as the grades are given by the teacher. For this meeting, he said, he gave his all just like everyone else, and did not think about other issues. Regarding whether he had observed any change in the degree of attention the international community is giving Taiwan throughout the course of his participation in APEC, Leader’s Representative Lin pointed out that he also participated in the AELM in Busan, Korea, 20 years ago, and that this year’s issues are somewhat different from those at that time. Because everyone is now focused on AI, population issues, and the application and governance of AI technology, he feels that Taiwan is getting more attention. During the meeting, he said, he also cited some concrete examples to let other economies know what Taiwan has done, noting that the leaders of other economies were quite interested and that some even asked detailed questions about how the government should cooperate with the business community. He explained that Taiwan has the Industrial Technology Research Institute (ITRI) and many technology industries; National Science and Technology Council (NSTC) Minister Wu Cheng-wen is also a semiconductor expert, and National Tsing Hua and Chiao Tung universities are also capable of cultivating professionals. Leader’s Representative Lin said that the increased international attention on Taiwan is the result of everyone’s efforts over the past few years, and that it also highlights Taiwan’s contributions to APEC. He stated the three tasks assigned to him by President Lai: first, that Taiwan is committed to strengthening economic resilience and that it hopes to cooperate with other countries to promote regional economic and trade development; second, that Taiwan is willing to share its experience in pioneering industries and promote cooperation between the public and private sectors to help respond to global challenges; and third, that Taiwan is accelerating the development of human-centered AI to help realize APEC’s common vision. The delegation presented each of these propositions, one by one, he said, and while many AI applications are still in the development stage, we are willing to share our experience with other economies. Regarding bilateral talks during the meeting, Leader’s Representative Lin said that “talks” can be defined in many ways, and because there are different formats, there is no way to calculate the exact number of talks that were held. He said they had hoped to have opportunities during this meeting to engage in bilateral talks with other member economies, but sometimes such talks could not be arranged due to scheduling issues for both parties. Among those talks, he pointed out, the 40-minute meeting with US Secretary of the Treasury Scott Bessent covered a wide range of topics, he said, including technological cooperation and supply chain security. He noted that Secretary Bessent showed great interest and patience in discussing the development process of Taiwan’s semiconductor industry, and wanted to understand how Taiwan established high-tech clusters and the historical context of their development. He added that before yesterday’s meeting, Leader’s Representative Lin also greeted Japanese Prime Minister Takaichi Sanae, congratulated her on taking office as prime minister, and held talks with her. It was mutually understood, he noted, that the issues under discussion will be disclosed at an appropriate time in the future. Responding to a question on whether Korea’s stated ambitions in the field of AI pose a threat to Taiwan’s international standing in the high-tech industry and how to view the prospects for cooperation amid the competitive yet collaborative relationship between Taiwan and Korea, Leader’s Representative Lin noted that each country is making efforts on this front. He said that the melding of tradition and creativity in Korea’s performance at yesterday’s APEC gala dinner was in line with the “Connect, Innovate, Prosper” priorities of APEC 2025. He went on to note that Taiwan and Korea already engage in extensive collaboration in high-tech sectors, both playing pivotal, complementary roles across the ICT value chain. Taiwan, he said, has comprehensive and highly efficient industrial ecosystems in such fields as semiconductor manufacturing, packaging, and testing as well as cloud services and AI hardware; Korea, he noted, has world-leading strengths in memory, systems integration, and end-user consumer products. He highlighted that combining our respective strengths makes our regional supply chains more resilient and stable, and provides a foundation for bilateral cooperation. Looking to the future, he said, we welcome exploration of additional collaborative opportunities for bilateral cooperation on this basis so that we can jointly face global supply chain challenges. NSTC Minister Wu elaborated on this, saying that the semiconductor industries of Taiwan and Korea play key roles in supply chains for global democracies, and have long engaged in cooperation. Nvidia’s collaboration with Korea, he said, will not have any adverse impact on Taiwan, because investments in Korea will create customers for Taiwan. He explained that such investments benefit development in both countries, since when Korea builds factories for AI, it will need to buy chips made by Taiwan Semiconductor Manufacturing Company, and it will also buy Korean-made memory hardware. That is why Taiwan and Korea are cooperative partners, he said. In response to questions from reporters about interactions between  Leader’s Representative Lin and China’s President Xi Jinping, and whether there are any concerns regarding next year’s APEC 2026 proceedings in Shenzhen, China, Ministry of Foreign Affairs Department of International Organizations Director General Jonathan C.Y. Sun (孫儉元) stated that equal participation of all member economies is a core principle of APEC. He added that this is an important reason why APEC is able to operate smoothly and amicably. After China last year announced its intention to host APEC 2026, he continued, Taiwan raised questions with China regarding guarantees for Taiwan’s right to equal participation and whether our personnel could be assured of their personal safety while in China to attend the proceedings, and demanded that China make assurances regarding these matters. He explained that such concerns are shared by many like-minded countries, and that in November of last year, in cooperation with such countries, Taiwan called on China to issue written assurances. Ever since the Informal Senior Officials’ Meeting (ISOM) that was held in December of last year, he said, Taiwan has kept in contact under the APEC framework with relevant parties to demand that China honor its commitments by ensuring that Taiwan is able to smoothly attend the proceedings and by further ensuring the personal security of all our personnel. Asked a question regarding a reference to the Free Trade Area of the Asia Pacific (FTAAP) agenda in the APEC Leaders’ Declaration, Minister without Portfolio of the Executive Yuan Yang Jen-ni (楊珍妮) explained that the FTAAP agenda was discussed at the APEC Concluding Senior Officials’ Meeting and the APEC Ministerial Meeting (AMM). The FTAAP is a goal, she said, and it is hoped that after everyone has discussed individual issues they can integrate them in the future. She said that efforts are underway to determine whether emerging 21st-century issues such as the environment and labor can be included. Members of the press also asked about interactions between NSTC Minister Wu and US Secretary of State Marco Rubio. Minister Wu responded that they spoke with each other at the AMM gala dinner, and he felt confident that a friendly communication of that sort will definitely have a positive impact moving forward as the two sides seek to establish semiconductor supply chain cooperation and jointly develop bilateral economic and people-to-people exchanges. When asked whether the subject of tariffs came up during the meeting with US Treasury Secretary Bessent, Minister Yang stated that the APEC meetings are mainly for discussing issues related to APEC and the development of bilateral economic and trade relations. She mentioned that Vice Premier Cheng Li-chiun (鄭麗君) said in a statement recently that the Taiwan-US tariff negotiation team is currently discussing Taiwan-US supply chain cooperation, and that it hopes to obtain reciprocal tariff rate reductions without stacking and to secure preferential treatment related to Section 232 of the US Trade Expansion Act. After the two sides have reached consensus, she said, they can proceed to the concluding meeting to finalize a Taiwan-US trade agreement. Minister Yang expressed confidence that after APEC the two sides will continue working to finalize an agreement.  

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2025-10-10
President Lai delivers 2025 National Day Address
President Lai Ching-te on the morning of October 10 attended the ROC’s 114th Double Tenth National Day Celebration in the plaza fronting the Presidential Office Building, and delivered an address titled “A New Taiwan Rises in a Time of Change.” A translation of the president’s address follows: National Day Celebration Chairperson Han Kuo-yu (韓國瑜), Vice President Bi-khim Hsiao, Premier Cho Jung-tai (卓榮泰), Her Excellency the Governor-General of Belize Froyla Tzalam and Mr. Daniel Mendez, His Excellency the Governor-General of St. Lucia Errol Charles and First Lady Anysia Charles, President of the Chamber of Deputies of the Republic of Paraguay Raúl Latorre, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, heads of delegations from diplomatic allies and friendly nations, members of the foreign diplomatic corps in Taiwan, distinguished guests from home and abroad, and my fellow citizens here in person and watching on TV or online: Good morning. Today is the National Day of the Republic of China, and while we gather every year to celebrate the nation’s birthday, this year is an especially significant one. It is a historic year for Taiwan’s democratization. One month ago, September 10, was the historic date when the number of days Taiwan had spent free from martial law officially surpassed the number of days endured under its stifling rule. This signifies that we have parted entirely from an authoritarian regime and its shadow, and have ushered in a democratic future full of hope. We will not forget the blood and tears of those who united to defend against aggression, nor will we forget the selfless sacrifices of past generations in pursuit of democracy and freedom, granting sovereignty to the people. Those stories, which have become woven into the fabric of our land, are our collective memory. Democratic Taiwan, forged through untold hardships, is what most clearly positions the 23 million people of Taiwan, Penghu, Kinmen, and Matsu in this world. Taiwan is a beacon of democracy in Asia. For every person still living in darkness under authoritarian rule, we forever shine the light of hope. This year also saw Taiwan’s rise. Nations around the world are suffering drastic changes and challenges, and Taiwan is no exception. In addition to the Russia-Ukraine war, turmoil in the Middle East, and China’s continued military expansion, the United States’ tariff policy has delivered a blow to economies and industries alike. But the people of Taiwan are still on their feet. And not only that – this year’s economic performance greatly impressed the global community. According to the Asian Development Bank’s latest report, Taiwan’s economic growth rate this year leapt from 3.3 to 5.1 percent, leading the Four Asian Tigers and surpassing China. Taiwanese exports have continued to reach record highs, and employment is at its best in 25 years. Our stock market has also risen for six consecutive months, hitting an all-time high of 27,301 points. Taiwan’s market capitalization has topped US$3 trillion, making our stock market the world’s eighth largest, and foreign exchange reserves surpassed US$600 billion for the first time, setting a new record. In the midst of adversity, we remain undaunted. In the midst of challenges, we grow ever stronger. These are achievements that the people of Taiwan made together. Let us all celebrate them!  These impressive economic accomplishments also reflect the stellar record of Taiwan’s semiconductor, ICT, electronic component, and other leading industries. Their advantageous position in the global supply chain is the result of long-term key policies for the development of technological and manufacturing capabilities, unique business models, and government-led science parks. This is a monumental industrial achievement forged by decades of combined efforts, and it belongs to all the people of Taiwan. As president, it is my mission to protect these valuable assets and use them to boost Taiwan’s and even worldwide industrial and economic growth, helping to create even better lives for people in Taiwan and around the world. This is also the direction Taiwan is taking. Of course, we will certainly not ignore the formidable challenges in this time of global change, and the risks they pose to different industries, different fields, and groups of different backgrounds. Many of the champions, traditional industries, and micro-, small-, and medium-sized enterprises (MSMEs) leading Taiwan’s economic growth from behind the scenes are facing the pressure of the digital and net-zero transition. Many workers feel concerned and uneasy about job opportunities, salaries, commodity prices, and cost of living in the face of the AI wave. Farmers are also being impacted by an aging rural population and market liberalization. The government will not take these challenges lightly, and will not ignore the impact they have on each and every citizen. It is our responsibility to put our full effort into assisting traditional industries, MSMEs, working families, and those in the agricultural and fishing industries. Therefore, in addition to having proposed a 93-billion-NT-dollar tariff impact support plan to help enterprises, workers, and those in the agricultural and fishing industries weather this difficult time, the government will also be investing tens of billions of dollars each year to help MSMEs introduce AI into their work so they can move toward digital and net-zero upgrading and transformation and address challenges. For traditional machine tools, screws and nuts, and other industries that are facing difficulties, we will also be proposing separate countermeasures to actively help boost competitiveness and expand the market. My fellow citizens, times of change are also times of opportunity. Taiwan’s economic performance is clear for all to see, and our key position in the global supply chain can neither be challenged nor replaced. In the face of change, we must not doubt ourselves or waver, but seize opportunities with confidence and bravely follow through. We must not be complacent or turn back, but even more proactively forge ahead in the world. A Taiwan that is certain will serve as an important, reliable, and steady force for an uncertain world. Moving ahead, we will adopt three major strategies in order to ensure the Republic of China Taiwan’s competitive advantage: First, we will expand investment in Taiwan. Our Three Major Programs for Investing in Taiwan have yielded substantial results. Investment has surpassed NT$2.5 trillion, creating over 160,000 job opportunities. In July, the Executive Yuan extended the programs to 2027 while also expanding applicable industries and eligibility to include overseas Taiwanese businesses worldwide and foreign investing enterprises. The government is continuing to optimize the investment environment, adding NT$720 billion in new loans to attract investment in Taiwan and bring in an estimated NT$1.2 trillion in capital and 80,000 more job opportunities. Besides having good work, we should also have good lives. With this in mind, the government launched the Trillion NT Dollar Investment National Development Plan to encourage copious investment of private capital in public infrastructure through innovative public-private partnerships. It expands funding for construction while at the same time promoting critical infrastructure projects across counties and cities nationwide, in areas such as water, electricity, housing, education, healthcare, culture, tourism, and transportation. This will help meet local residents’ needs so they can live happy lives, and enable industries and spheres of living to develop in a complementary way so that we can achieve our goal of a balanced Taiwan. Second, we will deepen international economic and trade cooperation, and expand our global presence. This year, Taiwan and the United Kingdom, under the framework of our Enhanced Trade Partnership arrangement, additionally signed three pillar arrangements in investment, digital trade, and energy and net-zero. This marks a new milestone for Taiwan-UK economic and trade relations, showing our mutual commitment to high international trade standards and laying the foundation for cooperation in technology, advanced manufacturing, and other strategic industries. Moving ahead, Taiwan will sign bilateral economic and trade cooperation agreements with even more friends and allies while upholding the principle of mutual benefits. We will also actively engage in reciprocal tariff negotiations with the US to secure a reasonable rate, resolve the trade deficit between Taiwan and the US, and deepen industrial cooperation. This will enable Taiwan’s economic development to become more globally connected and thereby make great strides. Third, we are building a chain of “guardian mountains” to shore up Taiwan’s industrial capabilities. In this digital age, we will implement 10 new AI infrastructure initiatives. In addition to helping make Taiwan one of the world’s top five computing centers, we will also invest more vigorously in R&D in three key technological fields: quantum technology, silicon photonics, and robotics. This will facilitate the introduction of AI tools in different sectors and professions, and promote the application of AI in various fields, helping Taiwan move toward an era of comprehensive smart technology and continue to maintain its leading position in global tech development. We are also building Taiwan into a hub in Asia for asset management. This will not only help retain trillions in Taiwanese capital, but attract investment in Taiwan with international capital, promoting growth in the financial industry, creating quality job opportunities, and strengthening Taiwan. The biopharmaceutical industry is a key national industry and has thus been included in our National Project of Hope. We are also developing toward greater use of precision health in health maintenance, preventive medicine, diagnosis, treatment, and care, giving our nation durable competitiveness and advancing the well-being of our people. Next year, our National Infectious Diseases Bank will be completed, and Taiwan will continue stepping up its cooperation with other countries in the field of biotechnology. Through our program for investment in smart healthcare innovation and entrepreneurship, with its budget of NT$10 billion, we will encourage more firms to invest in innovative R&D, expand investment, and move the biomedical industry toward becoming a trillion-NT-dollar industry, which will be one more guardian mountain for our nation. My fellow citizens, Taiwan is for all the people of Taiwan. We are well aware that no matter how impressive our economic performance may be, we must not overlook anyone on this land. The fruits of our economic growth should be enjoyed by all our people. Good numbers should translate into good lives, with no one left behind. Helping our citizens stay healthy, nurturing young talent, creating an even better environment for the younger generation, and providing greater support for young families is the government’s absolute responsibility. The Healthy Taiwan Cultivation Plan, launched this year, is improving the medical environment and system overall and will ensure higher quality healthcare services for all citizens. Also this year, we officially established the Ministry of Sports, ushering in a new era of sports for all, competitive sports, and professional sports. With this new ministry, we aim to ensure that all athletes receive full national support so that they can pursue their dreams on the global stage, winning national glory. In addition, to support our young people, we are providing free tuition for high schools and vocational schools, and an NT$35,000 annual tuition subsidy for students of private junior colleges, colleges, and universities. Our Taiwan Global Pathfinders Initiative, which supports young people aged 15 to 30 in pursuing their dreams abroad, is officially underway. Moreover, for renters, the government provides NT$30 billion in annual rent subsidies. Unmarried renters with an annual income below NT$626,000, families of four with a combined annual income below NT$1.641 million, and households with three generations living together with a combined annual income below NT$2.1245 million will be exempt from individual income tax. We will also provide even greater support to the young parents in our society. In addition to promoting version 2.0 of our national childcare policy for ages 0–6, with increased childcare allowances and expanded childcare subsidies, starting next year, the government will provide an increased birth subsidy of NT$100,000 per child. Nor do our senior citizens need to worry. Next year, with the launch of Long-Term Care 3.0, the government will work hard to ensure that all seniors receive more convenient, more comprehensive care. Our goal is to ensure that all to whom the nation belongs – our children, young people, parents, and grandparents – receive better care so that they can face the future with greater confidence. This year also marks the 80th anniversary of the end of World War II. The lessons of World War II are still fresh in our memory. The ambitions of the aggressors in that conflict caused widespread devastation and loss of life. In today’s world, authoritarianism continues to expand and the international order faces severe challenges. Regional order in the Taiwan Strait, East China Sea, and South China Sea, and even the security of the entire first island chain, are under serious threat. Democratic Taiwan is a crucial link for the peace and stability of the Indo-Pacific and a responsible member of the international community. As such, Taiwan will work to uphold the status quo, ensure peace and stability across the Taiwan Strait, and promote the prosperous development of the region. We look forward to the day when China can take responsibility as a major power and cease its distortion of United Nations General Assembly Resolution 2758 and historical World War II documents. We also hope it will renounce the use of force or coercion to change the status quo across the Taiwan Strait so that we can jointly maintain the peace and stability of the Indo-Pacific. Looking back at World War II, we see that so many experienced the suffering of war and the pain of invasion. We should learn from these lessons and ensure that the tragedies of history are never repeated. The outcomes of that conflict tell us that aggression fails, unity prevails, and that peace is won through strength. I want to declare to our citizens and the international community: At the end of this year, we will be proposing a special budget for national defense. Defense spending, as it is defined by NATO, will exceed 3 percent of GDP next year, and will reach 5 percent of GDP by 2030, showing our determination to safeguard the nation. The increase in defense spending has a purpose; it is a clear necessity to counter enemy threats and a driving force for developing our defense industries. Through our new defense budget, we aim to achieve three major goals: First, we will accelerate our building of the T-Dome, establish a rigorous air defense system in Taiwan with multi-layered defense, high-level detection, and effective interception, and weave a safety net for Taiwan to protect the lives and property of citizens. Second, we will advance the integration of high-tech and AI technologies to build a smart defense combat system, maximizing effective deterrence for our asymmetric strategy. Third, we will continue to invest in innovative defense technologies and collaborate with the military industries of advanced nations to bolster our defense industry capabilities. We will strengthen our domestic supply chains through local R&D, design, and manufacturing. This will enable Taiwan to accelerate industry upgrades, enhance the resilience of our military equipment, and boost the capacity of our defense industry. In that way, Taiwan, becoming a trusted security partner for our friends and allies, can jointly avoid the red supply chain and foster trust in defense among free and democratic countries, while building a robust line of defense to safeguard the values of freedom and democracy. We are determined to maintain peace through strength. We firmly believe that strength is not obtained through military strength alone, but must also rely on resilience throughout society. Over the past year, through the efforts of the Office of the President Whole-of-Society Defense Resilience Committee, we have built up greater strength between the government and private sector, and between the central and local governments. We have integrated disaster prevention and defense to strengthen military-civilian cooperation. We have also continued to strengthen resilience in civilian training, energy, healthcare, information and communications networks, and finance, comprehensively enhancing our ability to respond to various crises. I want to emphasize that building societal defense and resilience requires every ounce of effort. Last month, we released our updated national public safety guide, which includes strategies for responding to various natural disasters and even extreme scenarios such as a military invasion. We plan to gradually ensure that each and every household has access to this safety guide, because only when all of society participates and learns to help themselves and one another can Taiwan develop greater resilience to face all kinds of challenges. My fellow citizens, over the past year, we have faced numerous challenges together, but the people of Taiwan never give up hope. Whenever a crisis arises, we always see numerous Taiwanese standing on the frontline, selflessly dedicating themselves to the nation they love. Just last month we saw two very moving scenes. The first was at the UN General Assembly held in New York, where many members of the overseas Taiwanese community raised money and launched a fundraising campaign to light up Times Square with advertisements to “Chip in with Taiwan,” promoting Taiwan’s participation, and advocating that we are “Better Together.” It touched the hearts of people around the world. The second was the tens of thousands of volunteers who, after the Fata’an Creek barrier lake disaster, slipped on their rain boots, shouldered their shovels, and traveled great distances to provide relief to help the affected residents of Hualien return to normal life as soon as possible.  These “superheroes with shovels” did more than dig out heavy mud and sludge to help disaster victims return home; these heroes also uncovered a light – a light of hope that warmed every heart it touched. More than that, they proved the remarkable resilience of the Taiwanese people and their resolve to protect our homeland in the face of crisis. Now, let us all thank these superheroes of disaster relief, who come from all walks of life and from all over the country, as well as friends from abroad and the military, police, firefighters, and central and local government personnel who devoted themselves to the relief effort. This spontaneous nationwide movement is absolutely unique in the world, and for that the world will remember: Taiwan, that small mountainous country, is truly compassionate, and truly great! Moving forward, I will continue to lead the country, hearts united, without fear of hardship or challenge, bravely, toward an even better tomorrow. Let’s keep going, Taiwan! Let’s keep going, Republic of China! Let’s keep going, Republic of China Taiwan! Thank you.

President Lai meets Prime Minister Terrance Drew of Federation of Saint Christopher and Nevis

Source: Republic of China Taiwan

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2025-11-11
Vice President Hsiao addresses IPAC Annual Summit in Brussels
In response to an invitation from the Inter-Parliamentary Alliance on China (IPAC), Vice President Bi-khim Hsiao, acting upon the designation of President Lai Ching-te, traveled to Europe and on November 7 attended IPAC’s annual summit held at the European Parliament in Brussels, where she delivered a speech titled “Taiwan: A Trusted Partner in a Volatile World.” Vice President Hsiao emphasized that Taiwan matters to the world for at least three core reasons: Taiwan has a thriving democracy; it is a critical global economic player; and it is a responsible international partner. The vice president expressed hope of deepening collaboration with IPAC members in four areas, including trade and tech cooperation, whole-of-society resilience, global inclusion, and peace in the Taiwan Strait. The following is the full text of the vice president’s speech: Honorable Members of IPAC, Thank you IPAC for the privilege of being here in the European Parliament. It means so much to us, so much to the people of Taiwan. From my first meeting with you three years ago when I hosted a reception for IPAC in Washington DC, to our gathering in Taipei, and now in Brussels, I have always felt a unique bond with IPAC, where our shared commitment to upholding democratic values and sustaining peace has brought us together. I bring greetings from the people of Taiwan, and I stand here not only as a representative of a government, but as a voice for a society deeply committed to the same ideals that animate the parliaments of democracies around the world. In an era marked by increasing fragmentation, volatility, and rising authoritarianism, this gathering affirms something vital: that democracies, even when far apart, are not alone. We are not alone in our values, not alone in our challenges – and, most importantly, we are not alone in our responsibility to act. Being here in Brussels, let me begin by speaking about Taiwan and Europe.  We may differ in culture and history, but our partnership is rooted in common ground that runs deep. We are pluralistic societies that value open discourse, accountable governance, fair elections, and the freedom of belief and expression. We believe truth is not dictated by algorithms or autocrats, and that international rules are not a menu – they are the foundation for peaceful coexistence. Europe has defended freedom under fire. Taiwan has built democracy under pressure. These different histories lead to a shared commitment: peace, dignity, and resilience. Our democracies are not perfect, but they are open. They do not silence criticism – they allow it to guide reform. They do not fear transparency – they demand it. And they do not require loyalty to a strongman – but allegiance to the law and the people. As democracies, we believe that free political and economic systems deliver prosperity and growth. Freedom fuels innovation. Fair, open trade fuels cooperation. These aren’t slogans – they’re strategic anchors for democracies seeking security and progress. This summit is more than a European forum – it is a global moment. It brings together members from across regions who recognize the urgent and shared issues that confront open societies everywhere. We are facing an expanding, coordinated, and evolving set of threats and challenges: ● Military pressure and gray-zone coercion ● Cyberattacks and disinformation campaigns ● Economic leverage used to extract political compliance ● Infrastructure sabotage – physical and digital ● Foreign interference targeting unity and public trust Many of these threats originate from state-based actors following a common playbook – seeking to expand influence by dividing, destabilizing, and discrediting democratic systems. We must understand that we are in a long-term contest – not for dominance, but for the preservation of a rules-based international order rooted in peaceful cooperation, not in force nor coercion. In light of intensifying military and security pressure from China in our region, Taiwan is committed to increasing our defense investment – targeting 5% of GDP by 2030. But we also know that security is not just about military strength. It begins at home. What some in this part of the world call Total Defense, we call Whole-of-Society Resilience. It means involving all sectors of our society – from cyber defense and emergency response to civil preparedness. Here are vivid examples of some challenges we’ve faced: In 2023, Taiwan’s undersea cables connecting offshore islands were cut, disrupting vital communications and emergency services. Our institutions and networks that manage data and connect our people face daily and persistent cyberattacks. Similar incidents have occurred elsewhere around the world, including right here in Brussels. These aren’t just technical failures, they are tests of our resilience, and they require concerted efforts in response. So we are: ● Building backup satellite communication systems ● Training communities for emergency responses ● Hardening infrastructure against cyber and kinetic threats ● Investing in energy resilience and smart grids ● Developing civic education that fosters media literacy and critical thinking We are also aligning local and national governments, private industry, and civic institutions in coordinated contingency planning. Because whether we are dealing with provocations or natural disasters, cohesion is a force multiplier. We are eager to share and learn from partners – because resilience is stronger when it is done together. Now let me turn to economic resilience, a shared priority. In recent years, the world has been rocked by a pandemic, supply chain disruptions, and geopolitical pressure. We’ve all learned that economic security is national security. Taiwan and our partners around the world are diversifying supply chains, investing in strategic sectors, and reducing vulnerabilities. Consider semiconductors: Back in the 1980’s the Dutch company Philips was a major founding stakeholder of Taiwan’s flagship chipmaker, TSMC. Today, TSMC invests and partners across Europe with a robust supply chain of design, materials, and high-end industrial equipment. These aren’t just business deals – they’re mutually reinforcing endeavors that cannot be achieved in isolation. Europe remains Taiwan’s top source of foreign direct investment. Together, we are building a reliable technology ecosystem rooted in trust, transparency, and democratic values. But semiconductors are only one piece of global economic resilience. Taiwan is working with partners around the world to strengthen reliable ecosystems in other critical areas, including pharmaceutical ingredients, biomedical supplies, energy technologies, AI, defense industries, next generation telecommunications and more. These are not abstract priorities – they are the backbone of a secure and resilient global economy, especially as we transition into the AI era. Taiwan’s contributions go beyond manufacturing – we bring high standards, open partnerships, and deep technical know-how. We believe the next generation of global supply chains must be transparent, secure, and aligned with democratic values. So let me say this clearly: Taiwan is not just relevant – it is indispensable to the global conversation on peace, prosperity, and the future of democracy. Taiwan matters to the world for at least three core reasons: 1. We are a thriving democracy. Taiwan proves that democracy can thrive in Asia. Despite pressures inside and out, we continue to hold free elections, safeguard civil liberties, and support pluralism in our society. We have demonstrated that democracy can be a choice that works wherever people are free to make it. 2. We are a critical global economic player. Taiwan plays and important role in the interconnected global technology supply chain. We make chips and components that power your phones, cars, medical devices, and defense systems. Taiwan also produces computers and servers that enable your AI data centers to function. As Professor Akira Igata just emphasized, cross-Strait stability is not only a regional concern – it is a cornerstone of global prosperity. Taiwan’s role in preserving peace and maintaining economic continuity in this vital corridor cannot be overstated. 3. We are a responsible international partner. Despite being excluded from international organizations, this is the third important area where Taiwan matters to the world. Taiwan has stepped up. We contribute to humanitarian aid, disaster relief, public health, and SDG goals around the world. We uphold global standards, even when we are not allowed a seat at the table. Taiwan’s presence strengthens global efforts. Taiwan matters – not because we are a victim of coercion, but because the integrity of the international system and global prosperity depend on a strong and free Taiwan. As IPAC members, you’ve stood with Taiwan. And we look forward to deepening our collaboration in at least four areas: ● Trade and Tech Cooperation: Build trusted supply chains, expand dialogue on AI and digital cooperation, and invest in talent for democratic innovation. Together we need to shape the standards and norms of the next technological era. ● Whole-of-Society Resilience: Share best practices in defense, cybersecurity, infrastructure, disaster relief, sheltering, counter-disinformation, and civil readiness. Let’s ensure that our societies are not only protected – but better prepared. ● Global Inclusion: As you have done, please continue to support Taiwan’s meaningful participation in international organizations including the WHO, ICAO, INTERPOL, and more. Push back against distortions and misinterpretations of historical documents that have been used to unjustly block Taiwan’s participation. ● Peace in the Taiwan Strait: Uphold the principles that are common expectations of humanity and of the UN Charter, which prohibits the threat or use of force to resolve disputes. Peace in the Taiwan Strait is essential to global stability and economic continuity, and international opposition against unilateral changes to the status quo by force cannot be overstated. These aren’t favors – they’re constructive partnerships. A stronger Taiwan means a more stable Indo-Pacific. And a stable Indo-Pacific will bring about a safer world. A few months ago in Taipei, IPAC members gave me a calligraphy gift with the Chinese words “得道者多助” which is an axiom from the ancient philosopher Mencius, literally meaning “Those who take the right way get a lot of help.” It is an assertion that righteousness, justice, and moral integrity will naturally attract widespread support and assistance. When it comes to international participation, things have been so hard us Taiwanese. And yet, Taiwan has always sought to be a force for good in the world, and we are grateful to all of you for your continuing support. We don’t just want to survive – we want democracies to thrive. We are not just defending what we have, but building what we want the future to look like, where free people and societies are more connected, more united, and more capable, and of course stronger together. Taiwan is ready to work with all of you. Together, we can ensure that freedom not only endures – but prevails. Thank you.

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2025-11-09
Vice President Hsiao delivers remarks after returning from IPAC annual summit in Europe  
In response to an invitation from the Inter-Parliamentary Alliance on China (IPAC), Vice President Bi-khim Hsiao, acting upon the designation of President Lai Ching-te, traveled to Europe and attended IPAC’s annual summit in Brussels, where she delivered a speech. Accompanied by Minister of Foreign Affairs Lin Chia-lung (林佳龍), the vice president concluded her journey and returned to Taiwan on the morning of November 9. Upon arrival at Taoyuan International Airport, the vice president delivered remarks, stating that during the trip she delivered a speech titled “Taiwan: A Trusted Partner in a Volatile World,” which aimed to foster greater understanding and support for Taiwan in the international community and called on all countries to deepen economic, trade, and technological cooperation with Taiwan, support Taiwan’s international participation, and work together to safeguard peace in the Taiwan Strait and stability in the region. In her remarks, the vice president pointed out that this trip was in response to IPAC’s invitation to attend the organization’s annual summit at the European Parliament in Brussels on November 7, and that Foreign Minister Lin accompanied her on the trip. Representing the nation during the topical session dedicated to Taiwan, the vice president shared Taiwan’s democratic story with a broad range of friends from European countries, members of national parliaments, civil society, and the media, aiming to foster greater understanding and support for Taiwan in the international community.  Vice President Hsiao also pointed out that IPAC is a transnational parliamentary platform comprised of elected members of parliaments from countries around the world and members of the European Parliament who share the values of freedom and democracy with Taiwan. IPAC has long been a staunch partner of Taiwan, she said, supporting Taiwan’s international participation with concrete actions, emphasizing the importance of peace in the Taiwan Strait and stability in the region, and actively speaking out for Taiwan in the international community. The vice president explained that the title of her speech at the summit was “Taiwan: A Trusted Partner in a Volatile World.” The speech, she said, emphasized that Taiwan is not only an important partner in global high-tech manufacturing and democratic supply chains, but also a responsible member of the international community, and that a free and resilient Taiwan has irreplaceable value for global peace, prosperity, and the future of democracy. She also called on partners from around the world to deepen economic, trade and technological cooperation with Taiwan, strengthen social resilience and security dialogues, and support Taiwan’s international participation, as we work together to maintain peace in the Taiwan Strait and stability in the region. Regarding the event itself, Vice President Hsiao thanked the IPAC team for their sincere invitation, everyone whose assistance made the trip proceed smoothly, and members of the European Parliament from various countries, the media, and citizen representatives for their enthusiastic exchanges on the sidelines. She also thanked the team led by Foreign Minister Lin, Taiwan Representative to the EU and Belgium Ambassador Shieh Jhy-wey (謝志偉), Taiwan Representative to the UK Ambassador Vincent Chin-hsiang Yao (姚金祥), and colleagues from various overseas missions, as well as the National Security Council and other national security teams, for all the hard work in planning and arranging this visit, making it a complete success. Sharing her impressions of the trip, the vice president said that Taiwan’s international situation has always been difficult, with much unfairness and setbacks, and that nothing has been easy. But Taiwan has never backed down, she continued, because we believe that the people of Taiwan, like all global citizens, should have the opportunity to participate in the international community. She emphasized that thanks to the efforts and persistence of all our citizens, Taiwan has gradually been able to make our own way in the face of never-ending difficulties and challenges. Revisiting a quote from Mencius (孟子) that she also mentioned in her speech, “Those who take the right way get a lot of help,” the vice president explained that the people of Taiwan are very kind-hearted, freedom-loving, and hard-working, and are very willing to contribute to the world; and since we are on the right path, we will gain more international recognition and help. Vice President Hsiao said she felt honored to be able to share Taiwan’s importance and responsibility with IPAC members, who have long supported Taiwan, in such an important hall of the European Parliament. She also emphasized that it has always been our responsibility to convey the voice of the people of Taiwan to the world, and our mission is to get the world to see that Taiwan is a force for good, and support Taiwan. Taiwan is not alone, she said, because more and more like-minded friends around the world are willing to join us on the journey. She concluded by saying that Taiwan will continue, with confident, pragmatic, and firm steps, to show the world our resolve, goodwill, and the power of democracy.  

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2025-11-03
2025 APEC Economic Leaders’ Meeting delegation press conference
On the afternoon of November 3, the Presidential Office held a press conference for our delegation to the 2025 APEC Economic Leaders’ Meeting (AELM) upon its return to Taiwan. Leader’s Representative Lin Hsin-I (林信義), accompanied by Minister without Portfolio of the Executive Yuan and National Science and Technology Council Minister Wu Cheng-wen (吳誠文), Minister without Portfolio of the Executive Yuan and Office of Trade Negotiations Chief Representative Yang Jen-ni (楊珍妮), National Security Council (NSC) Advisor Hsu Szu-chien (徐斯儉), and Director General Jonathan C.Y. Sun (孫儉元) of the Ministry of Foreign Affairs (MOFA) Department of International Organizations as Senior Official for APEC, explained the overall situation at this year’s APEC meetings and the outcomes of the AELM, and fielded questions from the media. In his remarks, Leader’s Representative Lin said that he was honored to once again represent President Lai Ching-te at the AELM, and although this year’s issues were different, the responsibilities remained significant. He stated that with extensive assistance and cooperation from various ministries and agencies, he did his utmost to complete the tasks assigned by President Lai, and deepen interaction with various member economies through multilateral and bilateral exchanges, further enhancing Taiwan’s visibility and participation in APEC. Leader’s Representative Lin stated that there is much uncertainty in the current global economic order due to factors including geopolitical changes, restructuring of supply chains, transformation of technology, and climate change. Discussions at this year’s APEC focused on the ongoing changes in global economic and trade patterns, he said, paying special attention to issues such as technological innovation, supply chain security, and AI. The host country, Korea, also made AI and demographic changes a focal point, exploring the challenges facing economic development in the Asia-Pacific region including declining birth rates, aging populations, labor shortages, and digital divides. Leader’s Representative Lin said that the first task assigned by President Lai was to convey that Taiwan is committed to strengthening economic resilience and hopes to cooperate with various countries and continue to promote regional economic and trade development. Regarding the great interest and praise expressed by numerous member economies for Taiwan’s development of AI, smart medicine, digital healthcare, and small- and medium-sized enterprise (SME) resilience, Leader’s Representative Lin used the phrase, “If the flowers are in bloom, butterflies will come.” In the past, Taiwan needed to devote comparably more effort to attracting foreign investment and cooperation, he said, but needless to say, many economies now come forward of their own accord as a result of the concerted efforts of all our citizens. The delegation also took the opportunity to share the resilience gene and the ability to respond to environmental changes that have long characterized Taiwan enterprises to the member economies, promoting diversified partnerships and cooperation to spur stable growth in the regional economy. Regarding the second task assigned by President Lai, to convey that Taiwan is willing to share its experience in pioneering industries and promote public-private cooperation to address global challenges, Leader’s Representative Lin pointed out that all APEC member economies are already familiar with Taiwan’s strengths in pioneering technology industries, but are curious about how to cultivate such irreplaceable and exceptional strengths.  Over the past few decades, Taiwan has built a highly developed and comprehensive industrial ecosystem through seamless cooperation involving the government, enterprises, academia, and research institutions, he said, setting a high threshold for Taiwan’s competitive advantages. This is also a successful experience of Taiwan’s that was often shared during the meeting. In addition, he emphasized the importance of AI and the digital transformation of SMEs. With our solid information and communications technology (ICT) industry foundation, Taiwan actively assists SMEs with introducing AI and cloud technology to enhance their cross-border business capabilities and competitiveness, which was closely aligned with the core spirit of the meeting theme of “digital inclusion.” At the same time, Leader’s Representative Lin also called on member economies to strengthen digital cooperation and establish a more open and secure data environment so that technological development can truly benefit everyone, rather than create new digital divides. Leader’s Representative Lin then mentioned the third task assigned by President Lai, which was to convey that Taiwan is now accelerating the promotion of human-centered AI development to help realize APEC’s common vision. For the development of human society and culture, technological development is a double-edged sword, he said, and only a human-centered approach can serve as the goal for the existence and innovation of technology. Therefore, he said, we call for the establishment of an inclusive and responsible AI governance framework to ensure that technological development is aligned with principles of ethics and trust through the sharing of experience and standards. At the same time, in the current digital age it is extremely important to deepen cooperation in cross-border talent and skills to cultivate a new generation of professionals with capabilities in cross-disciplinary application. We must promote the application of AI in various industries, he said, so that SMEs and traditional industries can also share in the benefits of transformation through smart technologies. Leader’s Representative Lin stated that our government will continue to use a public-private partnership approach to seek solutions, and will share its successful experience with other APEC economies in joint pursuit of shared prosperity in the Asia-Pacific region. During the meetings, he pointed out the outstanding contributions of Taiwan’s representatives to the APEC Business Advisory Council (ABAC). One example is Acer Chairman Jason Chen (陳俊聖), who has launched an “AI and the Aging Economy” project that uses an AI facial expression recognition model to detect early-stage dementia with up to 86 percent accuracy. A second example is Quanta Computer Chief Technology Officer Ted Chang’s (張嘉淵) “Daily Plus: Empowering AI to Create Inclusive Smart Healthcare” project, which has also been widely praised, as it empowers medical staff without engineering or technical backgrounds to use AI while promoting open-source AI localization and cross-border training. This project, he added, has been running for three years, and interest is high among all member economies, with more than 150 people from 17 economies participating this year. A third example is Taiwan Mobile President Jamie Lin (林之晨), whose company has assisted some 2,000 SMEs from 21 economies with undergoing cybersecurity checkups. In addition, in the face of disaster risks brought on by climate change, AI has been used to enhance the resolution of weather forecasts from 25 kilometers to just 2 kilometers. When Typhoon Gaemi struck in 2024, AI models clearly delineated the structure of the storm and provided more accurate forecasts that enabled the central and local governments to make advance preparations and minimize losses. This demonstrated the ability of technology to protect lives and the economy. Leader’s Representative Lin stated that Taiwan did more at the proceedings than simply put forward general outlines and topics. Beyond that, our delegation also reported to member economies on specific measures that Taiwan has taken and what results we have achieved, and all took a keen interest in our projects. The fact is, he said, these cases fully demonstrate the innovative capacity of Taiwan’s companies and professional talent. They also show Taiwan’s willingness as an APEC member to share its experience with other economies, and to jointly create AI-driven inclusion and sustainable growth, he said. Leader’s Representative Lin mentioned that the content of this year’s APEC Leaders’ Declaration plays to Taiwan’s strengths, so he was very pleased. In addition to formal remarks made in meetings, he also engaged in constructive exchanges with a number of other leaders and delegation members. Heads of state from many countries praised Taiwan highly for its contributions in such areas as semiconductors, ICT, medical technology, and SME development, and expressed interest in cooperation. Such interactions helped raise Taiwan’s global visibility, and also laid a solid foundation for future enhancement of substantive economic and trade cooperation. Finally, Leader’s Representative Lin described the atmosphere of APEC 2025 by again quoting the phrase, “If the flowers are in bloom, butterflies will come.” He said that he and all the other delegation members felt greatly honored, which he said was the result of hard work by everyone throughout Taiwan. He also stated that many government agencies helped the delegation carry out its mission smoothly. He thanked the NSC for its planning, and praised MOFA, the Taipei Mission in Korea, diplomatic personnel, and the delegation members and behind-the-scenes staff for their hard work. Their dedication ensured that Taiwan was able to present a highly professional, sincere, and cooperative image at the summit. In carrying out policy advocacy, interacting with the business community, and promoting economic activity and trade, he said, everyone completed the delegation’s mission with consummate professionalism and enthusiasm. In the future, Taiwan will continue to cooperate at APEC venues with other economies to bring its strengths into play, promote regional prosperity and development, and continue engaging in dialogue with the world through APEC platforms to ensure that the international community sees Taiwan, he said. Leader’s Representative Lin then responded to questions from the media on Taiwan-Japan cooperation, Taiwan-United States relations, achieving higher visibility for Taiwan at APEC, and interactions with other economies during the proceedings, among other topics.

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2025-11-01
APEC Leader’s Representative Lin Hsin-i holds international press conference  
At the 2025 APEC Economic Leaders’ Meeting (AELM) in Korea that concluded at noon on November 1 (local time), Senior Advisor to the President and Chairman of Taiwania Capital Management Corporation Lin Hsin-i served as Taiwan’s leader’s representative. Leader’s Representative Lin participated in the full meeting and shared Taiwan’s contributions to the global economic system, successfully completing the mission entrusted to him by President Lai Ching-te.  On the afternoon of the same day, Leader’s Representative Lin convened an international press conference in Gyeongju, Korea, in which he explained the APEC meeting process and outcomes, and responded to questions from reporters. In remarks, Leader’s Representative Lin first thanked the members of the media for their hard work conducting interviews and filing reports over the past few days. He then thanked everyone who accompanied the delegation throughout the trip and witnessed the important interactions during this year’s AELM. Leader’s Representative Lin stated that this year, as is customary, APEC held two formal AELMs and a working lunch with APEC Business Advisory Council (ABAC) representatives. The priorities set by Korea for this year’s APEC were “Connect, Innovate, Prosper,“ he said, and the meeting agenda also revolved around exploring the challenges stemming from AI and demographic changes. He pointed out that Korea also included culture and fashion industry development in the scope of discussions, with topics including how APEC can engage in cooperation to promote trade and investment amidst increasing global uncertainty, and especially how to promote cooperation between the public and private sectors. Meeting discussions also focused on ways to deal with emerging trends such as the profound impacts from AI’s rapid evolution and demographic changes. Leader’s Representative Lin indicated that the focus of his statement at the meeting was that in the face of economic uncertainty, in addition to increasing the autonomy and economic security of its industries, each economy must simultaneously maintain open international trade practices and global market vitality. Therefore, he concluded, governments must create a stable, transparent, and predictable economic and trade environment, and jointly assist enterprises in building resilience amid changing circumstances so that they can confidently make long-term investments and promote innovation. Leader’s Representative Lin also shared Taiwan’s experience in developing semiconductor supply chains, which are the result of government policy guidance in planning industry development and the joint efforts of the private sector, including the establishment of clusters, R&D teams, tax incentives, and talent cultivation. He noted that many member economies were extremely interested in the highly developed and comprehensive nature of Taiwan’s semiconductor industry. In discussing the challenges from rapid demographic changes facing many Asia-Pacific economies, Leader’s Representative Lin also shared Taiwan’s human-centered solutions aided by technology. He gave the example of the “AI and the Aging Economy” project promoted by ABAC representative and Acer Chairman Jason Chen (陳俊聖) which uses AI to create a facial expression recognition model that is up to 86% accurate, and can detect early-stage dementia. He provided another example with Quanta Computer Chief Technology Officer Ted Chang’s (張嘉淵) “Daily Plus: Empowering AI to Create Inclusive Smart Healthcare” project, which has also been widely praised, as it empowers medical staff without engineering or technical backgrounds to use AI while promoting open-source AI localization and cross-border training. This project, he added, has been running for three years, and interest is high among all member economies, with 18 participating this year. Leader’s Representative Lin pointed out that, in addressing the disaster risks associated with climate change, applying AI to develop high-precision meteorological models has increased the resolution of meteorological forecasts from 25 kilometers to 2 kilometers. When Typhoon Gaemi struck last year, he added, the AI model clearly depicted the typhoon’s structure, improved forecast accuracy, and facilitated advance deployments by local governments, significantly reducing disaster losses and demonstrating the power of technology to protect human life and the economy. Many member economies are also very interested in this technology, he underlined. Leader’s Representative Lin emphasized that Taiwan attends APEC not only to participate in this important international economic and trade meeting, but also because it gives Taiwan an important stage on which it can raise its global visibility. He said that through APEC meetings and numerous bilateral exchanges, they demonstrated Taiwan’s contributions to the global economic system while accomplishing the three major tasks assigned to him by President Lai. When asked by the media about his overall assessment of this trip, and whether he would agree to continue to serve as the representative next year if asked by President Lai, Leader’s Representative Lin responded that no one can give himself grades for his own performance, as the grades are given by the teacher. For this meeting, he said, he gave his all just like everyone else, and did not think about other issues. Regarding whether he had observed any change in the degree of attention the international community is giving Taiwan throughout the course of his participation in APEC, Leader’s Representative Lin pointed out that he also participated in the AELM in Busan, Korea, 20 years ago, and that this year’s issues are somewhat different from those at that time. Because everyone is now focused on AI, population issues, and the application and governance of AI technology, he feels that Taiwan is getting more attention. During the meeting, he said, he also cited some concrete examples to let other economies know what Taiwan has done, noting that the leaders of other economies were quite interested and that some even asked detailed questions about how the government should cooperate with the business community. He explained that Taiwan has the Industrial Technology Research Institute (ITRI) and many technology industries; National Science and Technology Council (NSTC) Minister Wu Cheng-wen is also a semiconductor expert, and National Tsing Hua and Chiao Tung universities are also capable of cultivating professionals. Leader’s Representative Lin said that the increased international attention on Taiwan is the result of everyone’s efforts over the past few years, and that it also highlights Taiwan’s contributions to APEC. He stated the three tasks assigned to him by President Lai: first, that Taiwan is committed to strengthening economic resilience and that it hopes to cooperate with other countries to promote regional economic and trade development; second, that Taiwan is willing to share its experience in pioneering industries and promote cooperation between the public and private sectors to help respond to global challenges; and third, that Taiwan is accelerating the development of human-centered AI to help realize APEC’s common vision. The delegation presented each of these propositions, one by one, he said, and while many AI applications are still in the development stage, we are willing to share our experience with other economies. Regarding bilateral talks during the meeting, Leader’s Representative Lin said that “talks” can be defined in many ways, and because there are different formats, there is no way to calculate the exact number of talks that were held. He said they had hoped to have opportunities during this meeting to engage in bilateral talks with other member economies, but sometimes such talks could not be arranged due to scheduling issues for both parties. Among those talks, he pointed out, the 40-minute meeting with US Secretary of the Treasury Scott Bessent covered a wide range of topics, he said, including technological cooperation and supply chain security. He noted that Secretary Bessent showed great interest and patience in discussing the development process of Taiwan’s semiconductor industry, and wanted to understand how Taiwan established high-tech clusters and the historical context of their development. He added that before yesterday’s meeting, Leader’s Representative Lin also greeted Japanese Prime Minister Takaichi Sanae, congratulated her on taking office as prime minister, and held talks with her. It was mutually understood, he noted, that the issues under discussion will be disclosed at an appropriate time in the future. Responding to a question on whether Korea’s stated ambitions in the field of AI pose a threat to Taiwan’s international standing in the high-tech industry and how to view the prospects for cooperation amid the competitive yet collaborative relationship between Taiwan and Korea, Leader’s Representative Lin noted that each country is making efforts on this front. He said that the melding of tradition and creativity in Korea’s performance at yesterday’s APEC gala dinner was in line with the “Connect, Innovate, Prosper” priorities of APEC 2025. He went on to note that Taiwan and Korea already engage in extensive collaboration in high-tech sectors, both playing pivotal, complementary roles across the ICT value chain. Taiwan, he said, has comprehensive and highly efficient industrial ecosystems in such fields as semiconductor manufacturing, packaging, and testing as well as cloud services and AI hardware; Korea, he noted, has world-leading strengths in memory, systems integration, and end-user consumer products. He highlighted that combining our respective strengths makes our regional supply chains more resilient and stable, and provides a foundation for bilateral cooperation. Looking to the future, he said, we welcome exploration of additional collaborative opportunities for bilateral cooperation on this basis so that we can jointly face global supply chain challenges. NSTC Minister Wu elaborated on this, saying that the semiconductor industries of Taiwan and Korea play key roles in supply chains for global democracies, and have long engaged in cooperation. Nvidia’s collaboration with Korea, he said, will not have any adverse impact on Taiwan, because investments in Korea will create customers for Taiwan. He explained that such investments benefit development in both countries, since when Korea builds factories for AI, it will need to buy chips made by Taiwan Semiconductor Manufacturing Company, and it will also buy Korean-made memory hardware. That is why Taiwan and Korea are cooperative partners, he said. In response to questions from reporters about interactions between  Leader’s Representative Lin and China’s President Xi Jinping, and whether there are any concerns regarding next year’s APEC 2026 proceedings in Shenzhen, China, Ministry of Foreign Affairs Department of International Organizations Director General Jonathan C.Y. Sun (孫儉元) stated that equal participation of all member economies is a core principle of APEC. He added that this is an important reason why APEC is able to operate smoothly and amicably. After China last year announced its intention to host APEC 2026, he continued, Taiwan raised questions with China regarding guarantees for Taiwan’s right to equal participation and whether our personnel could be assured of their personal safety while in China to attend the proceedings, and demanded that China make assurances regarding these matters. He explained that such concerns are shared by many like-minded countries, and that in November of last year, in cooperation with such countries, Taiwan called on China to issue written assurances. Ever since the Informal Senior Officials’ Meeting (ISOM) that was held in December of last year, he said, Taiwan has kept in contact under the APEC framework with relevant parties to demand that China honor its commitments by ensuring that Taiwan is able to smoothly attend the proceedings and by further ensuring the personal security of all our personnel. Asked a question regarding a reference to the Free Trade Area of the Asia Pacific (FTAAP) agenda in the APEC Leaders’ Declaration, Minister without Portfolio of the Executive Yuan Yang Jen-ni (楊珍妮) explained that the FTAAP agenda was discussed at the APEC Concluding Senior Officials’ Meeting and the APEC Ministerial Meeting (AMM). The FTAAP is a goal, she said, and it is hoped that after everyone has discussed individual issues they can integrate them in the future. She said that efforts are underway to determine whether emerging 21st-century issues such as the environment and labor can be included. Members of the press also asked about interactions between NSTC Minister Wu and US Secretary of State Marco Rubio. Minister Wu responded that they spoke with each other at the AMM gala dinner, and he felt confident that a friendly communication of that sort will definitely have a positive impact moving forward as the two sides seek to establish semiconductor supply chain cooperation and jointly develop bilateral economic and people-to-people exchanges. When asked whether the subject of tariffs came up during the meeting with US Treasury Secretary Bessent, Minister Yang stated that the APEC meetings are mainly for discussing issues related to APEC and the development of bilateral economic and trade relations. She mentioned that Vice Premier Cheng Li-chiun (鄭麗君) said in a statement recently that the Taiwan-US tariff negotiation team is currently discussing Taiwan-US supply chain cooperation, and that it hopes to obtain reciprocal tariff rate reductions without stacking and to secure preferential treatment related to Section 232 of the US Trade Expansion Act. After the two sides have reached consensus, she said, they can proceed to the concluding meeting to finalize a Taiwan-US trade agreement. Minister Yang expressed confidence that after APEC the two sides will continue working to finalize an agreement.  

Details
2025-11-01
President Lai meets North Carolina Governor Josh Stein
On the afternoon of October 31, President Lai Ching-te met with a delegation led by North Carolina Governor Josh Stein. In remarks, President Lai thanked the governor for his visit, showing high regard and friendship for Taiwan. The president expressed hope to continue deepening collaboration in such areas as economic and trade ties, biotechnology and healthcare, electric vehicles, and AI, with joint efforts yielding mutually beneficial results. A translation of President Lai’s remarks follows: It is a pleasure to welcome Governor Stein as he leads a delegation to Taiwan during his first year in office. This is the first time in 25 years that a governor from North Carolina has visited Taiwan. Your presence not only demonstrates high regard and friendship for Taiwan, but also shows that our bilateral relations are rising to new heights. Taiwan and North Carolina have maintained a sister-state relationship for over 40 years. In the past decade and more, numerous Taiwanese companies have invested in North Carolina, further deepening our economic and trade cooperation. In 2023, North Carolina made Taiwan the site of its ninth overseas office, using Taiwan as a core base to connect with Southeast Asia, China, and other Asian markets. This has helped build a strong cooperative network and made the bilateral relationship between Taiwan and North Carolina all the more dynamic. I understand that North Carolina’s economic performance is very impressive. The state not only boasts a highly skilled workforce and a friendly investment environment; it is also home to the largest research-focused science park in the United States – Research Triangle Park (RTP), which contains a wealth of talent and resources from industry, government, academia, and the research sector. Currently, the park’s main industries include information technology, automobile manufacturing, and biomedicine and pharmaceuticals. These are also sectors in which Taiwan shines. Taiwanese electric vehicle and semiconductor companies participated in the SelectUSA Investment Summit both this year and in 2023, with delegations visiting North Carolina to explore the investment environment and identify opportunities for collaboration. I am confident that if Taiwan and North Carolina can join forces to deepen collaboration in such areas as biotechnology and healthcare, electric vehicles, and AI, this will undoubtedly make significant contributions to Taiwan-US economic and trade exchanges, as well as future human welfare. I would like to thank the North Carolina Department of Public Instruction for approving in August the inclusion of Taiwan’s Test of Chinese as a Foreign Language in the state’s Seal of Biliteracy framework. This has laid a deeper foundation for enhancing Taiwan-US relations. I also wish to thank the North Carolina General Assembly for passing Taiwan-friendly resolutions for five consecutive years. These have supported Taiwan’s international participation and encouraged the negotiation of a bilateral trade agreement between Taiwan and the US. Recent US tariff policies, while posing challenges to the global economic order, have also created new opportunities for Taiwan-US economic and trade cooperation. Taiwan will continue to deepen economic and trade relations with the US. Through joint efforts, we look forward to reciprocal tariff negotiations yielding timely, mutually beneficial results. Finally, I thank Governor Stein once again for his support of Taiwan. Please feel free to visit anytime; Taiwan will always welcome you with open arms. I wish the delegation a smooth and successful trip. Governor Stein then delivered remarks, first stating that it is a tremendous honor to visit on behalf of the state of North Carolina and extending appreciation for the consideration he and his delegation received. The governor then expressed his concern for those impacted by Typhoon Ragasa and condolences to the families who lost loved ones, mentioning that a similarly devastating storm hit North Carolina one year ago, and that they are still working hard to recover. He stated that they are grateful for Taiwan’s generous contribution to North Carolina in their time of need. Governor Stein indicated that this is his first visit to Taiwan, and that he is already deeply impressed by the incredible energy and spirit of innovation that defines this island. He said that it is immediately clear to him that the partnership between North Carolina and Taiwan has the potential to grow even stronger. North Carolina and Taiwan, he said, are both bound by a deep and abiding appreciation for democracy, a shared commitment to free enterprise, and a mutual drive to innovate and build a more prosperous and sustainable future for our people. Noting that the delegation is in Taiwan on a commercial mission, Governor Stein said that they hold much admiration for the economic powerhouse that the people of Taiwan have built. He also said that they see much overlap between both economies and great opportunity to strengthen our economic ties. Already, a number of Taiwanese companies operate in North Carolina, he said, and many are considering investments there. The governor went on to say that North Carolina is proud to have been ranked the number one state for business in the US this year, and has achieved this ranking three times in the past four years. It is also the third fastest-growing state by population, he said. The governor stated that North Carolina has many factors working in its favor, including RTP, the largest science park in the US; a relatively low cost of doing business with electricity, land, construction, labor, and taxes; a convenient location; excellent infrastructure; and an agreeable quality of life. Governor Stein then emphasized that North Carolina’s greatest asset is its people, noting that it has excellent universities and community colleges that train its workforce to meet the needs of various critical economic sectors in the state such as life sciences, information technology, semiconductors, AI, aerospace, the automotive industry, advanced manufacturing, finance, and agriculture. The governor said that there is strong overlap between North Carolina’s economy and Taiwan’s Five Trusted Industry Sectors, and that they look forward to growing commercial ties. Over time, he said, strong economic ties become strong cultural ties, which bring people closer together, and they look forward to enjoying that future together.

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2025-10-10
President Lai delivers 2025 National Day Address
President Lai Ching-te on the morning of October 10 attended the ROC’s 114th Double Tenth National Day Celebration in the plaza fronting the Presidential Office Building, and delivered an address titled “A New Taiwan Rises in a Time of Change.” A translation of the president’s address follows: National Day Celebration Chairperson Han Kuo-yu (韓國瑜), Vice President Bi-khim Hsiao, Premier Cho Jung-tai (卓榮泰), Her Excellency the Governor-General of Belize Froyla Tzalam and Mr. Daniel Mendez, His Excellency the Governor-General of St. Lucia Errol Charles and First Lady Anysia Charles, President of the Chamber of Deputies of the Republic of Paraguay Raúl Latorre, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, heads of delegations from diplomatic allies and friendly nations, members of the foreign diplomatic corps in Taiwan, distinguished guests from home and abroad, and my fellow citizens here in person and watching on TV or online: Good morning. Today is the National Day of the Republic of China, and while we gather every year to celebrate the nation’s birthday, this year is an especially significant one. It is a historic year for Taiwan’s democratization. One month ago, September 10, was the historic date when the number of days Taiwan had spent free from martial law officially surpassed the number of days endured under its stifling rule. This signifies that we have parted entirely from an authoritarian regime and its shadow, and have ushered in a democratic future full of hope. We will not forget the blood and tears of those who united to defend against aggression, nor will we forget the selfless sacrifices of past generations in pursuit of democracy and freedom, granting sovereignty to the people. Those stories, which have become woven into the fabric of our land, are our collective memory. Democratic Taiwan, forged through untold hardships, is what most clearly positions the 23 million people of Taiwan, Penghu, Kinmen, and Matsu in this world. Taiwan is a beacon of democracy in Asia. For every person still living in darkness under authoritarian rule, we forever shine the light of hope. This year also saw Taiwan’s rise. Nations around the world are suffering drastic changes and challenges, and Taiwan is no exception. In addition to the Russia-Ukraine war, turmoil in the Middle East, and China’s continued military expansion, the United States’ tariff policy has delivered a blow to economies and industries alike. But the people of Taiwan are still on their feet. And not only that – this year’s economic performance greatly impressed the global community. According to the Asian Development Bank’s latest report, Taiwan’s economic growth rate this year leapt from 3.3 to 5.1 percent, leading the Four Asian Tigers and surpassing China. Taiwanese exports have continued to reach record highs, and employment is at its best in 25 years. Our stock market has also risen for six consecutive months, hitting an all-time high of 27,301 points. Taiwan’s market capitalization has topped US$3 trillion, making our stock market the world’s eighth largest, and foreign exchange reserves surpassed US$600 billion for the first time, setting a new record. In the midst of adversity, we remain undaunted. In the midst of challenges, we grow ever stronger. These are achievements that the people of Taiwan made together. Let us all celebrate them!  These impressive economic accomplishments also reflect the stellar record of Taiwan’s semiconductor, ICT, electronic component, and other leading industries. Their advantageous position in the global supply chain is the result of long-term key policies for the development of technological and manufacturing capabilities, unique business models, and government-led science parks. This is a monumental industrial achievement forged by decades of combined efforts, and it belongs to all the people of Taiwan. As president, it is my mission to protect these valuable assets and use them to boost Taiwan’s and even worldwide industrial and economic growth, helping to create even better lives for people in Taiwan and around the world. This is also the direction Taiwan is taking. Of course, we will certainly not ignore the formidable challenges in this time of global change, and the risks they pose to different industries, different fields, and groups of different backgrounds. Many of the champions, traditional industries, and micro-, small-, and medium-sized enterprises (MSMEs) leading Taiwan’s economic growth from behind the scenes are facing the pressure of the digital and net-zero transition. Many workers feel concerned and uneasy about job opportunities, salaries, commodity prices, and cost of living in the face of the AI wave. Farmers are also being impacted by an aging rural population and market liberalization. The government will not take these challenges lightly, and will not ignore the impact they have on each and every citizen. It is our responsibility to put our full effort into assisting traditional industries, MSMEs, working families, and those in the agricultural and fishing industries. Therefore, in addition to having proposed a 93-billion-NT-dollar tariff impact support plan to help enterprises, workers, and those in the agricultural and fishing industries weather this difficult time, the government will also be investing tens of billions of dollars each year to help MSMEs introduce AI into their work so they can move toward digital and net-zero upgrading and transformation and address challenges. For traditional machine tools, screws and nuts, and other industries that are facing difficulties, we will also be proposing separate countermeasures to actively help boost competitiveness and expand the market. My fellow citizens, times of change are also times of opportunity. Taiwan’s economic performance is clear for all to see, and our key position in the global supply chain can neither be challenged nor replaced. In the face of change, we must not doubt ourselves or waver, but seize opportunities with confidence and bravely follow through. We must not be complacent or turn back, but even more proactively forge ahead in the world. A Taiwan that is certain will serve as an important, reliable, and steady force for an uncertain world. Moving ahead, we will adopt three major strategies in order to ensure the Republic of China Taiwan’s competitive advantage: First, we will expand investment in Taiwan. Our Three Major Programs for Investing in Taiwan have yielded substantial results. Investment has surpassed NT$2.5 trillion, creating over 160,000 job opportunities. In July, the Executive Yuan extended the programs to 2027 while also expanding applicable industries and eligibility to include overseas Taiwanese businesses worldwide and foreign investing enterprises. The government is continuing to optimize the investment environment, adding NT$720 billion in new loans to attract investment in Taiwan and bring in an estimated NT$1.2 trillion in capital and 80,000 more job opportunities. Besides having good work, we should also have good lives. With this in mind, the government launched the Trillion NT Dollar Investment National Development Plan to encourage copious investment of private capital in public infrastructure through innovative public-private partnerships. It expands funding for construction while at the same time promoting critical infrastructure projects across counties and cities nationwide, in areas such as water, electricity, housing, education, healthcare, culture, tourism, and transportation. This will help meet local residents’ needs so they can live happy lives, and enable industries and spheres of living to develop in a complementary way so that we can achieve our goal of a balanced Taiwan. Second, we will deepen international economic and trade cooperation, and expand our global presence. This year, Taiwan and the United Kingdom, under the framework of our Enhanced Trade Partnership arrangement, additionally signed three pillar arrangements in investment, digital trade, and energy and net-zero. This marks a new milestone for Taiwan-UK economic and trade relations, showing our mutual commitment to high international trade standards and laying the foundation for cooperation in technology, advanced manufacturing, and other strategic industries. Moving ahead, Taiwan will sign bilateral economic and trade cooperation agreements with even more friends and allies while upholding the principle of mutual benefits. We will also actively engage in reciprocal tariff negotiations with the US to secure a reasonable rate, resolve the trade deficit between Taiwan and the US, and deepen industrial cooperation. This will enable Taiwan’s economic development to become more globally connected and thereby make great strides. Third, we are building a chain of “guardian mountains” to shore up Taiwan’s industrial capabilities. In this digital age, we will implement 10 new AI infrastructure initiatives. In addition to helping make Taiwan one of the world’s top five computing centers, we will also invest more vigorously in R&D in three key technological fields: quantum technology, silicon photonics, and robotics. This will facilitate the introduction of AI tools in different sectors and professions, and promote the application of AI in various fields, helping Taiwan move toward an era of comprehensive smart technology and continue to maintain its leading position in global tech development. We are also building Taiwan into a hub in Asia for asset management. This will not only help retain trillions in Taiwanese capital, but attract investment in Taiwan with international capital, promoting growth in the financial industry, creating quality job opportunities, and strengthening Taiwan. The biopharmaceutical industry is a key national industry and has thus been included in our National Project of Hope. We are also developing toward greater use of precision health in health maintenance, preventive medicine, diagnosis, treatment, and care, giving our nation durable competitiveness and advancing the well-being of our people. Next year, our National Infectious Diseases Bank will be completed, and Taiwan will continue stepping up its cooperation with other countries in the field of biotechnology. Through our program for investment in smart healthcare innovation and entrepreneurship, with its budget of NT$10 billion, we will encourage more firms to invest in innovative R&D, expand investment, and move the biomedical industry toward becoming a trillion-NT-dollar industry, which will be one more guardian mountain for our nation. My fellow citizens, Taiwan is for all the people of Taiwan. We are well aware that no matter how impressive our economic performance may be, we must not overlook anyone on this land. The fruits of our economic growth should be enjoyed by all our people. Good numbers should translate into good lives, with no one left behind. Helping our citizens stay healthy, nurturing young talent, creating an even better environment for the younger generation, and providing greater support for young families is the government’s absolute responsibility. The Healthy Taiwan Cultivation Plan, launched this year, is improving the medical environment and system overall and will ensure higher quality healthcare services for all citizens. Also this year, we officially established the Ministry of Sports, ushering in a new era of sports for all, competitive sports, and professional sports. With this new ministry, we aim to ensure that all athletes receive full national support so that they can pursue their dreams on the global stage, winning national glory. In addition, to support our young people, we are providing free tuition for high schools and vocational schools, and an NT$35,000 annual tuition subsidy for students of private junior colleges, colleges, and universities. Our Taiwan Global Pathfinders Initiative, which supports young people aged 15 to 30 in pursuing their dreams abroad, is officially underway. Moreover, for renters, the government provides NT$30 billion in annual rent subsidies. Unmarried renters with an annual income below NT$626,000, families of four with a combined annual income below NT$1.641 million, and households with three generations living together with a combined annual income below NT$2.1245 million will be exempt from individual income tax. We will also provide even greater support to the young parents in our society. In addition to promoting version 2.0 of our national childcare policy for ages 0–6, with increased childcare allowances and expanded childcare subsidies, starting next year, the government will provide an increased birth subsidy of NT$100,000 per child. Nor do our senior citizens need to worry. Next year, with the launch of Long-Term Care 3.0, the government will work hard to ensure that all seniors receive more convenient, more comprehensive care. Our goal is to ensure that all to whom the nation belongs – our children, young people, parents, and grandparents – receive better care so that they can face the future with greater confidence. This year also marks the 80th anniversary of the end of World War II. The lessons of World War II are still fresh in our memory. The ambitions of the aggressors in that conflict caused widespread devastation and loss of life. In today’s world, authoritarianism continues to expand and the international order faces severe challenges. Regional order in the Taiwan Strait, East China Sea, and South China Sea, and even the security of the entire first island chain, are under serious threat. Democratic Taiwan is a crucial link for the peace and stability of the Indo-Pacific and a responsible member of the international community. As such, Taiwan will work to uphold the status quo, ensure peace and stability across the Taiwan Strait, and promote the prosperous development of the region. We look forward to the day when China can take responsibility as a major power and cease its distortion of United Nations General Assembly Resolution 2758 and historical World War II documents. We also hope it will renounce the use of force or coercion to change the status quo across the Taiwan Strait so that we can jointly maintain the peace and stability of the Indo-Pacific. Looking back at World War II, we see that so many experienced the suffering of war and the pain of invasion. We should learn from these lessons and ensure that the tragedies of history are never repeated. The outcomes of that conflict tell us that aggression fails, unity prevails, and that peace is won through strength. I want to declare to our citizens and the international community: At the end of this year, we will be proposing a special budget for national defense. Defense spending, as it is defined by NATO, will exceed 3 percent of GDP next year, and will reach 5 percent of GDP by 2030, showing our determination to safeguard the nation. The increase in defense spending has a purpose; it is a clear necessity to counter enemy threats and a driving force for developing our defense industries. Through our new defense budget, we aim to achieve three major goals: First, we will accelerate our building of the T-Dome, establish a rigorous air defense system in Taiwan with multi-layered defense, high-level detection, and effective interception, and weave a safety net for Taiwan to protect the lives and property of citizens. Second, we will advance the integration of high-tech and AI technologies to build a smart defense combat system, maximizing effective deterrence for our asymmetric strategy. Third, we will continue to invest in innovative defense technologies and collaborate with the military industries of advanced nations to bolster our defense industry capabilities. We will strengthen our domestic supply chains through local R&D, design, and manufacturing. This will enable Taiwan to accelerate industry upgrades, enhance the resilience of our military equipment, and boost the capacity of our defense industry. In that way, Taiwan, becoming a trusted security partner for our friends and allies, can jointly avoid the red supply chain and foster trust in defense among free and democratic countries, while building a robust line of defense to safeguard the values of freedom and democracy. We are determined to maintain peace through strength. We firmly believe that strength is not obtained through military strength alone, but must also rely on resilience throughout society. Over the past year, through the efforts of the Office of the President Whole-of-Society Defense Resilience Committee, we have built up greater strength between the government and private sector, and between the central and local governments. We have integrated disaster prevention and defense to strengthen military-civilian cooperation. We have also continued to strengthen resilience in civilian training, energy, healthcare, information and communications networks, and finance, comprehensively enhancing our ability to respond to various crises. I want to emphasize that building societal defense and resilience requires every ounce of effort. Last month, we released our updated national public safety guide, which includes strategies for responding to various natural disasters and even extreme scenarios such as a military invasion. We plan to gradually ensure that each and every household has access to this safety guide, because only when all of society participates and learns to help themselves and one another can Taiwan develop greater resilience to face all kinds of challenges. My fellow citizens, over the past year, we have faced numerous challenges together, but the people of Taiwan never give up hope. Whenever a crisis arises, we always see numerous Taiwanese standing on the frontline, selflessly dedicating themselves to the nation they love. Just last month we saw two very moving scenes. The first was at the UN General Assembly held in New York, where many members of the overseas Taiwanese community raised money and launched a fundraising campaign to light up Times Square with advertisements to “Chip in with Taiwan,” promoting Taiwan’s participation, and advocating that we are “Better Together.” It touched the hearts of people around the world. The second was the tens of thousands of volunteers who, after the Fata’an Creek barrier lake disaster, slipped on their rain boots, shouldered their shovels, and traveled great distances to provide relief to help the affected residents of Hualien return to normal life as soon as possible.  These “superheroes with shovels” did more than dig out heavy mud and sludge to help disaster victims return home; these heroes also uncovered a light – a light of hope that warmed every heart it touched. More than that, they proved the remarkable resilience of the Taiwanese people and their resolve to protect our homeland in the face of crisis. Now, let us all thank these superheroes of disaster relief, who come from all walks of life and from all over the country, as well as friends from abroad and the military, police, firefighters, and central and local government personnel who devoted themselves to the relief effort. This spontaneous nationwide movement is absolutely unique in the world, and for that the world will remember: Taiwan, that small mountainous country, is truly compassionate, and truly great! Moving forward, I will continue to lead the country, hearts united, without fear of hardship or challenge, bravely, toward an even better tomorrow. Let’s keep going, Taiwan! Let’s keep going, Republic of China! Let’s keep going, Republic of China Taiwan! Thank you.

Appointment of Chief Executive Officer of SFC

Source: Hong Kong Government special administrative region

     The Government announced today (November 14) that the Chief Executive, pursuant to the Securities and Futures Ordinance (Cap. 571), has reappointed Ms Julia Leung as the Chief Executive Officer (CEO) of the Securities and Futures Commission (SFC) for a term of two years from January 1, 2026, to December 31, 2027.
 
     Announcing the appointment, the Financial Secretary, Mr Paul Chan, said, “During Ms Leung’s tenure, she has demonstrated remarkable performance in leading the SFC to fulfil its dual mandates of prudent regulation and fostering market development in a fair, effective and robust manner. Under her leadership, the SFC has maintained effective communication with the markets, the Hong Kong Special Administrative Region Government as well as domestic and overseas regulators and stakeholders, actively pursued reforms of Hong Kong’s securities markets, continuously deepened mutual access between the capital markets of the Mainland and Hong Kong, and constantly expanded connections with overseas markets. These together have strengthened the advantages and enhanced the competitiveness of Hong Kong’s markets. In addition, the SFC has actively promoted the development of asset and wealth management, fixed income and currency markets, and emerging sectors including digital assets, which fostered the innovation and high-quality development of financial services in Hong Kong. I am confident that Ms Leung will continue to lead the SFC to take proactive actions and make greater contributions to consolidating and enhancing Hong Kong’s functions and status as an international financial centre.”
 
Biography of Ms Julia Leung
 
     Ms Julia Leung joined the SFC in March 2015, appointed as Executive Directors of Investment Products Division and then Intermediaries Division. She was appointed as the Deputy CEO in addition to the Executive Director position from March 2018 to December 2022, and has served as the CEO of the SFC since January 2023. Prior to joining the SFC, Ms Leung worked in the Hong Kong Monetary Authority from 1994 to 2008. She was the Under Secretary for Financial Services and the Treasury from August 2008 to December 2013.

Maritime Week sets sail Nov 16

Source: Hong Kong Information Services

Hong Kong Maritime Week (HKMW) 2025 will run from November 16 to 22, featuring over 50 events organised by more than 70 international, Chinese Mainland and local organisers.

Marking its ninth edition since 2016, this year’s HKMW is the first-ever edition following the establishment of the Maritime & Port Development Board (MPDB) on July 1 this year.

With the main theme “Navigating to a Greener Future” and the tagline “Propel Hong Kong”, HKMW 2025 gathers policymakers, senior representatives of international organisations as well as industrial luminaries and practitioners to share their perspectives and discuss topics of interest to the global maritime industry.

Participants will be immersed in a vibrant programme featuring flagship forums, high-level seminars and public outreach initiatives.

Apart from the opening ceremony, major highlights include the MPDB Flagship Session; the World Maritime Merchants Forum 2025; the Asian Logistics, Maritime & Aviation Conference; and the International Bunker Industry Association Annual Convention 2025 to be held in Hong Kong for the first time.

Activities such as the Maritime Museum’s Free Family Fun Day will be in place to engage members of the public. Two exclusive interviews with MPDB Chairman Moses Cheng and HKMW Task Force Chairman Wellington Koo, will be aired on TVB Jade at around 7.30pm on November 17 and 18.

Additionally, a series of short videos will be shared across various social media channels highlighting Hong Kong’s leading role as an international maritime hub.

Nepali citizens transit visa-free

Source: Hong Kong Information Services

Starting tomorrow, nationals of Nepal who are in direct transit by air and do not leave the airport transit area may transit the Hong Kong Special Administrative Region visa-free, the Immigration Department announced today.

Other visa arrangements for nationals of Nepal coming to the Hong Kong SAR will remain unchanged.

Under the Belt & Road Initiative, the new arrangement will bring travel convenience to visitors from Nepal and enhance Hong Kong’s status as an international aviation hub, the department added.