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Remarks by Deputy Minister Dr. Ming-Yen Tsai at the Taiwan-European Union Business Networking Reception

  • Data Source:Department of European Affairs
  • Date:2022-10-25

Dr. Ming-Yen Tsai
 Deputy Minister of Foreign Affairs 
 Republic of China (Taiwan)
 October 25, 2022
 (As Prepared for Delivery)

Good evening!

It is a great pleasure to be here for the Taiwan-European Union Business Networking Reception. This marks the successful close of the EU Investment Forum held today. It also highlights our joint determination to foster closer trade and investment relations.

Despite the COVID-19 pandemic, the CIECA has continued to strengthen Taiwan-EU economic ties through the EU-Taiwan Supply Chains Forum and several economic cooperation conferences with Germany, France, Sweden, Belgium, and Luxembourg.

Meanwhile, under Chairman Chang’s leadership, the ECCT has continued to expand. Last month, the organization released the Net Zero by 2050 Best Practices Report with CPC Corporation, calling on Taiwan’s government and private sector to create related policies and invest in breakthrough technologies. This report underlines a common commitment to a green future.

The EU Strategy for Cooperation in the Indo-Pacific and the European Parliament’s recent report on Indo-Pacific strategy both called for greater cooperation with Taiwan on critical supplies, trade, and investment. Taiwan will continue to work with European partners in pursuit of a green future, particularly in the fields of offshore wind power, solar power, and electric vehicles. According to MOEA statistics, this year, the government has approved 1,426 foreign direct investment projects worth an aggregate 9.6 billion US dollars. This is an increase of 201 percent over the same period in 2021. The greatest amount of investment is in green energy and offshore wind power by European partners from Denmark and the Netherlands. This would not have been possible without the support of the CIECA and the ECCT.

We are pleased that relations between Taiwan and the EU have gone from strength to strength. We look forward to continuing to work toward a more prosperous future with Europe based on our shared values.

With that, I wish you all a delightful evening. Thank you!