Taiwan Expands Trade Dialogue With the European Union
In Brussels, Economics Minister Kung Ming-hsin met with EU officials to talk about how to work together on trade and investment. The goal of the tour was to strengthen Taiwan’s economic connections with the EU by working together more on technology, manufacturing, and sustainability.
Kung stressed Taiwan’s commitment to developing strong global supply chains, which is a goal for both Taipei and Brussels as they try to make markets more stable and less reliant on a few providers.
Focus on Supply Chain Security and Semiconductor Resilience
During his discussion with Sabine Weyand, the Director of the EU Directorate-General for Trade, Kung talked about how important Taiwan is for keeping the semiconductor sector stable. Both sides talked about how to make manufacturing more resilient in the face of global problems.
They also talked about how to ensure economic security through new technologies, getting supplies from a wider range of sources, and making international supply chains more open.
Taiwan Shares Experience in Industrial Competitiveness and Innovation
Kung talked on how Taiwan has been able to combine excellent research and development with high-tech manufacturing. He said that Taiwan has been able to compete on the world stage because it has made long-term investments in education, science, and new ideas.
He said that these characteristics have made Taiwan an important partner for Europe in new fields, including microchips, green technology, and digital transformation.
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Building More Trade and Investment Networks Abroad
Taiwan’s government has set up trade and investment centers in Europe and other places to help local businesses that want to grow throughout the world. These centers help people connect with each other, give policy advice, and help them get into new markets.
According to Kung, Taiwanese companies may work with European partners for a long time through offshore hubs and help both sides expand through long-term, creative collaborations.
Meetings With EU Industry and Entrepreneurship Officials
Kung also went to the EU Directorate-General for Internal Market, Industry, Entrepreneurship, and SMEs, where he met with Director-General Kerstin Jorna. Their speeches were mostly about business policy, green innovation, and helping small and medium-sized businesses.
Both sides were interested in working together more by starting projects that encourage entrepreneurship, digital innovation, and industrial competitiveness in important European and Asian markets.
Encouraging Taiwanese Businesses Operating in Europe
Kung held a lecture for Taiwanese business owners living in Belgium and other EU countries to talk about the problems and chances they are facing right now. He told corporate leaders to look into working together on sustainable energy, knowledge transfer, and innovative manufacturing.
The event showed how committed the government is to helping diaspora businesses that help Taiwan’s commerce with other countries.
The EU Remains Taiwan’s Key Trade and Investment Partner
Taiwan’s fourth-largest commercial partner is the European Union. In 2024, commerce between the two countries will be worth NT$2.15 trillion ($68.7 billion). The EU is still Taiwan’s biggest source of foreign investment, with NT$1.86 trillion coming in between 1952 and 2024.
Kung stated that these numbers show how strong and mutually beneficial the connection is between Taiwan and the EU. It will continue to expand via joint innovation and economic strength.
