President Lai Ching-te called on European nations to finalize investment and double-taxation agreements with Taiwan during the EU Investment Forum in Taipei. Forum data revealed that financial input from Taiwan into the European Union jumped by 650 percent across the most recent decade relative to the prior 10-year span, alongside two-way trade hitting approximately US$75 billion in the past year.
Expanding Semiconductor Ecosystems and Supply Chains
Taiwan and the European Union are actively working to expand their economic cooperation beyond traditional semiconductor trade. According to Lutz Güllner, head of the European Economic and Trade Office in Taiwan, the goal is to build interconnected technology ecosystems rather than simply buying and selling chips.
Güllner noted that the ambition of both economies is much bigger than simply buying and selling more semiconductors. By linking research, design, manufacturing, and applications, the two sides hope to create robust supply chains. Europe’s well-established research and technology expertise, alongside its prominent sectors such as automotive, energy, telecommunications, health care, and aerospace, are directly complemented by Taiwan’s proficiency in chip manufacturing, design, packaging, materials, and equipment.
Did you know? Bilateral trade between Taiwan and the European Union reached nearly US$75 billion last year.
New Industrial Parks and Policy Frameworks
President Lai pointed to concrete steps taken by Taiwanese manufacturers to deepen ties within Europe. The Taiwan Electrical and Electronic Manufacturers’ Association recently announced plans to establish a technology park in Poland. Lai noted that this upcoming venture is expected to facilitate EU investments by Taiwanese enterprises while streamlining collaboration with regional businesses.
European policy initiatives are also paving the way for closer integration. Güllner highlighted that the European Commission’s proposed Chips Act 2.0, which was announced in June, will open fresh pathways for collaborative projects between Taiwanese and European firms. President Lai stressed that by merging their respective capabilities, Taiwan and Europe can successfully foster a semiconductor network that is considerably more secure, diverse, and robust.
Frequently Asked Questions
What is the current value of trade between Taiwan and the European Union?
Bilateral trade between Taiwan and the European Union reached nearly US$75 billion last year.
How much has Taiwanese investment in the EU grown?
President Lai Ching-te stated that Taiwanese investment in the European Union surged 650 percent over the past decade compared with the previous 10 years.
What new manufacturing projects are planned in Europe?
The Taiwan Electrical and Electronic Manufacturers’ Association announced that it would establish a technology park in Poland.
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