At the EU and Taiwan investment conference in Taipei, President Lai Ching-te stated that in the recent threat of authoritarianism expansion, these two should have some EU-Taiwan political relations and cooperation along with a strong democratic relationship in order to build a protected supply chain for the worldwide states.
"Looking to the future, Taiwan hopes to take an innovative approach towards the signing of an economic partnership agreement with the EU,", the president Lai Ching-te stated.
The president also stated that the agreement between Taiwan and the European Union would be able to provide a strong institutional foundation for enhanced cooperation in different areas such as semiconductors and AI.
"This would not only make both our economies more resilient and secure but also ensure the stable operation of global supply chains.", he added.
The Taiwanese investment in the EU has been driven by Taiwan Semiconductor Manufacturing Co., which opened a major new chip plant in Dresden, Germany back in August, which aimed to become a key supplier to European industries and automakers.
The deputy head of the European Commission’s directorate-general for trade, Maria Martin-Prat didn’t mention in the video message for the investment event, the signing of an agreement with Taiwan, even though she complimented these bilateral relations.
"Taiwan, a vibrant democracy with an open economy, is a trusted partner for us to promote our economic security,", she also added.
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