President Lai Ching-te said Jan. 5 that the government is committed to supporting domestic industries to increase competitiveness in the global market.
Lai made the remarks while receiving members of the Taipei City-based National Importers and Exporters Chamber of Commerce of Taiwan (NIECT) at the Presidential Office in Taipei City and also thanked the NIECT for acting as a bridge between the public and private sectors.
The president praised Taiwan’s economic performance, citing anticipated economic growth of 7.37 percent in 2025. Exports hit a record high at nearly US$578.5 billion as of last November, resulting from increased global demand for artificial intelligence and high-performance computing, he said, adding that these all demonstrate significant industrial competitiveness and a key role in global supply chains.
The government will continue to support domestic industry to weather global challenges such as the U.S. tariffs, geopolitical risk and global supply chain restructuring. In addition to the government’s ongoing Three Major Programs for Investing in Taiwan, the Ministry of Economic Affairs has allocated NT$46 billion (US$1.46 billion) to an export supply chain support program providing research and development transformation subsidies, export loans and credit guarantees, among other business assistance. The president added that a NT$11.6 billion diversified revitalization and development program will also help micro-, small- and medium-sized enterprises promote digital and net-zero transition while expanding distribution channels.
The government will continue to deepen international economic and trade cooperation to facilitate expansion to diverse global markets, Lai said, adding that the authorities will also communicate with the private sector on policy drafting to address its needs. He concluded by emphasizing commitment to working in tandem with enterprises to seize business opportunities and further entrench the country in global supply chain systems. (YCH-E)
Write to Taiwan Today at ttonline@mofa.gov.tw