Taiwan is looking to play a “crucial” role in the development of the Indo-Pacific region in the post-COVID-19 era, President Tsai Ing-wen (蔡英文) said yesterday at the opening of the two-day Yushan Forum in Taipei.
Taiwan can be “a crucial actor” by assisting in regional and global economic recovery, and contributing to efforts to restructure supply chains, Tsai said.
“While Taiwan stands on the front line of authoritarian expansion, our resilient economy and industrial supply chain remain a vital part of the regional ecosystem,” she said.
Photo: Ann Wang, REUTERS
Tsai pledged to place more emphasis on the government’s New Southbound Policy, an initiative her administration launched in 2016 aimed at expanding economic, cultural and political ties with Southeast Asia, South Asia, Australia and New Zealand.
The policy is to be Taiwan’s “pivotal regional policy for Asia” as it works to “bolster our security and economic ties with partners across the region,” Tsai said.
The government would integrate Taiwan’s capacity in high-tech industries with the policy to promote “a digital New Southbound initiative,” she said.
Photo: Fang Pin-chao, Taipei Times
Taiwan’s enterprises have significantly increased their investment in the 18 countries included in the policy over the past six years, with investment from Taiwan in those countries reaching US$2.2 billion from January to July, Tsai said.
In the first quarter of this year, profits from investments in those 18 countries by listed Taiwanese companies surpassed profits from investment in China by the same companies for the first time, she said.
Former Japanese prime minister Taro Aso said in pre-recorded remarks that he felt a sense of responsibility to further strengthen the relationship between Taiwan and Japan after the passing of former Japanese prime minister Shinzo Abe.
Aso also condemned Russia for “military aggression” against Ukraine, saying that attempts to unilaterally change the “status quo” by force are “not permitted anywhere in the world.”
Japanese lawmaker Keiji Furuya said that like-minded countries should work together to prevent a crisis in the Taiwan Strait, while expressing concern over China’s growing military pressure on Taiwan.
“A contingency in Taiwan means a contingency for Japan and a contingency for countries that share common values of freedom, democracy, the rule of law and basic human rights,” said Furuya, who is chairman of the Japan-ROC Diet Members’ Consultative Council, a 270-member group dedicated to promoting ties between Japan and Taiwan.
Furuya also announced that the second Taiwan-US-Japan strategic forum for lawmakers would be held next month, following the first edition in July last year.
Speaking virtually during a forum luncheon, former Australian minister for foreign affairs Julie Bishop called on all countries to forge closer ties with Taiwan, describing the nation as a force for good and stability in a rapidly changing world.
Bishop, who was her country’s top diplomat from 2013 to 2018, lauded Taiwan for playing an important role in supporting many Pacific nations that have deep ties with Australia, referring to Taiwan’s diplomatic allies in the region: the Marshall Islands, Nauru, Palau and Tuvalu.
“I know there remains great affection and appreciation for the people of Taiwan among those Pacific island nations,” said Bishop, who has been the chancellor of Australian National University since January 2020.
However, with the rise of Chinese influence in many Pacific nations through Beijing’s Belt and Road Initiative, Bishop said there has been a “contest of ideas.”
Bishop said that multilateralism “fails the world,” with Russia and China being permanent members of the UN Security Council, giving them veto rights.
She called on like-minded partners to work in “smaller groupings” to protect common interests.
She proposed that smaller members of the global community such as Taiwan and Australia develop policies to influence other nations and institutions through a supportive multilateral system.
The sixth edition of the Yushan Forum features speeches and panel discussions by former government officials, lawmakers, academics, business leaders and representatives of civic groups from 12 countries, said the event’s organizer, the Taiwan-Asia Exchange Foundation.
Also attending the forum are Rose Gottemoeller, a former NATO deputy secretary-general and US undersecretary of state for arms control and international security, and Palauan President Surangel Whipps Jr, among others.
Tropical Storm Usagi strengthened to a typhoon yesterday morning and remains on track to brush past southeastern Taiwan from tomorrow to Sunday, the Central Weather Administration (CWA) said yesterday. As of 2pm yesterday, the storm was approximately 950km east-southeast of Oluanpi (鵝鑾鼻), Taiwan proper’s southernmost point, the CWA said. It is expected to enter the Bashi Channel and then turn north, moving into waters southeast of Taiwan, it said. The agency said it could issue a sea warning in the early hours of today and a land warning in the afternoon. As of 2pm yesterday, the storm was moving at
DISCONTENT: The CCP finds positive content about the lives of the Chinese living in Taiwan threatening, as such video could upset people in China, an expert said Chinese spouses of Taiwanese who make videos about their lives in Taiwan have been facing online threats from people in China, a source said yesterday. Some young Chinese spouses of Taiwanese make videos about their lives in Taiwan, often speaking favorably about their living conditions in the nation compared with those in China, the source said. However, the videos have caught the attention of Chinese officials, causing the spouses to come under attack by Beijing’s cyberarmy, they said. “People have been messing with the YouTube channels of these Chinese spouses and have been harassing their family members back in China,”
The Central Weather Administration (CWA) yesterday said there are four weather systems in the western Pacific, with one likely to strengthen into a tropical storm and pose a threat to Taiwan. The nascent tropical storm would be named Usagi and would be the fourth storm in the western Pacific at the moment, along with Typhoon Yinxing and tropical storms Toraji and Manyi, the CWA said. It would be the first time that four tropical cyclones exist simultaneously in November, it added. Records from the meteorology agency showed that three tropical cyclones existed concurrently in January in 1968, 1991 and 1992.
GEOPOLITICAL CONCERNS: Foreign companies such as Nissan, Volkswagen and Konica Minolta have pulled back their operations in China this year Foreign companies pulled more money from China last quarter, a sign that some investors are still pessimistic even as Beijing rolls out stimulus measures aimed at stabilizing growth. China’s direct investment liabilities in its balance of payments dropped US$8.1 billion in the third quarter, data released by the Chinese State Administration of Foreign Exchange showed on Friday. The gauge, which measures foreign direct investment (FDI) in China, was down almost US$13 billion for the first nine months of the year. Foreign investment into China has slumped in the past three years after hitting a record in 2021, a casualty of geopolitical tensions,
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