Taiwan is stronger than ever, Deputy Foreign Minister Wu Chih-chung said. In a recent interview, Wu spoke about Taiwan’s resilience amid growing global challenges. Taiwan is working closely with democratic partners to manage regional risks. It also leverages its democratic system and technological innovation.
Wu noted that Taiwan’s economy reached NT$24.5 trillion, or about US$800 billion. This makes Taiwan the United States’ seventh-largest trading partner. He said Taiwan stronger than ever, but also facing unprecedented challenges.
Taiwan’s economic ties with China have weakened. Only 7% of Taiwan’s outbound investments went to China last year. Meanwhile, nearly half of Taiwan’s overseas investments flowed to the US. This shows deepening economic and technological cooperation with America.
The Deputy Foreign Minister warned that authoritarian powers want to reshape the international order. He cited the war in Ukraine and a recent summit of leaders from China, North Korea, and Russia. These events reveal a growing global threat.
Taiwan follows a “Not Today Policy” for defense. It aims to spend 5% of its GDP on defense by 2030. Taiwan also relies on increased military presence from the US and Europe in the Indo-Pacific. Moreover, it seeks more international support to join global organizations.
Taiwan Semiconductor Manufacturing Company (TSMC) is vital to Taiwan’s defense strategy. Its factories in the US, Japan, and Germany strengthen Taiwan’s protective network. Wu highlighted cooperation with Germany and the European Semiconductor Manufacturing Company in Dresden. This partnership marks a major technical and diplomatic milestone.
Experts say Taiwan stronger than ever shows how the island adapts to changing geopolitics. By building ties with democratic countries and advancing technology, Taiwan secures its future. Looking ahead, Taiwan plans to deepen international alliances and diversify its economy. The focus remains on innovation and strategic defense. This approach counters regional threats effectively.
Taiwan stronger than ever signals resilience in a complex global environment. The island’s economic power, democratic values, and partnerships prepare it for future challenges.
