By Nikki Dong and Alex Myslinski Taiwan Celebrates National Day President Lai Ching-te’s National Day speech on October 10 highlighted Taiwan’s commitment to democracy, resilience, and regional peace. He reiterated Taiwan’s stance on sovereignty, advocating for cooperation with international allies to ensure security and stability in the Indo-Pacific region. At the ceremony, President Lai , the…
By Nikki Dong and Alex Myslinski Production, GDP Forecast Up Taiwan’s industrial production rose 12.25% year-on-year (YoY) in Q3, driven by strong demand for AI chips, servers, and iPhone camera lenses, according to the Ministry of Economic Affairs. Manufacturing output increased 13% YoY. Semiconductor output surged 23.77%, while computer and optoelectronics production hit record highs. AI…
By Nikki Dong and Alex Myslinski U.S. House Passes Pacific Partnership Act The U.S. House of Representatives unanimously passed an act aiming to strengthen cooperation with Taiwan and the Pacific Islands Forum (PIF) on September 9. The Pacific Partnership Act, introduced by U.S. Representative Ed Case (D-HI), requires the President and Secretary of State to…
By Nikki Dong and Alex Myslinski Export Orders Continue to Rise Export orders in August rose for the sixth consecutive month, reaching US$50.2 billion, driven by strong demand for AI chips, cloud-based servers, and new iPhone inventory replenishment, the Ministry of Economic Affairs (MOEA) reported. Orders increased 9.1% year-on-year (YoY) in August, with total orders for…
By Julia Bergström and Alex Myslinski President Lai Meets Japan Representative President Lai Ching-te met with Mitsuo Ohashi, chairperson of the Japan-Taiwan Exchange Association, Japan’s representative office in Taiwan, on August 27. The purpose of the meeting was to further solidify the strong partnership and bilateral friendship between Taiwan and Japan. Since Ohashi assumed his…
By Julia Bergström and Alex Myslinski the Ministry of Finance (MOF). The ministry attributed the growth to strong global demand for AI applications. Exports for the month totaled US$39.94 billion, a growth of more than 3% year-over-year (YoY), while imports increased 16.2% YoY to US$35.1 billion. MOF said that while the growth came amid a…
By Simon Xiao Response to Biden Ending His Candidacy Asked about the potential impact on Taiwan of U.S. President Joe Biden’s decision not to seek reelection, Premier Cho conveyed confidence in the ability of the American electorate to select an appropriate leader through their democratic process. Vice President Kamala Harris, who replaces Biden as the…
By Simon Xiao GDP Forecast Raised The Chung-Hua Institute for Economic Research (CIER) has revised its GDP growth forecast for 2024 to 3.81%, an increase from April’s estimate of 3.38%. This adjustment is attributed to robust global demand for AI technologies, heightened exports, and strong domestic consumption. These optimistic projections from CIER align closely with…
BY JAMES HILL AND ALEX MYSLINSKI GDP Forecasts Raised The Chung-Hua Institution for Economic Research (CIER) has raised its 2024 GDP growth outlook for Taiwan from 3.1% in January to 3.38%, citing optimism for recovery in the export sector. As global trade is expected to expand by 5.09% this year, CIER expects Taiwan’s exports to…
BY JAMES HILL AND ALEX MYSLINSKI Taiwan Relations Act Turns 45 Outgoing President Tsai Ing-wen met with Randall G. Schriver, the former U.S. Assistant Secretary of Defense for Indo-Pacific Security Affairs, to commemorate the 45th anniversary of passage of the Taiwan Relations Act (TRA). Serving as the cornerstone of unofficial Washington-Taipei relations, the TRA continues…
