Taiwan Foreign Minister Urges More Business Participation in Allied Nations' Development

Taiwan's Minister of Foreign Affairs, Joseph Wu, hosted a delegation from the World Taiwanese Chambers of Commerce, emphasizing the significant role Taiwanese businesses play globally. Wu highlighted the spirit of adventure, trade, and global connection inherited by Taiwanese entrepreneurs, whose presence worldwide extends Taiwan's influence through chambers of commerce, markets, schools, and factories.

Wu shared his extensive travels, having visited 25 countries and accumulated over 600,000 kilometers in flight mileage, equivalent to about 15 trips around the Earth. During these journeys, he consistently felt the warmth and support of overseas Taiwanese businesspeople, expressing his deep gratitude for their efforts.

He articulated his diplomatic philosophy, stating, "Value is like love in diplomacy, and the economy is like bread." Both are essential for Taiwan to engage with the world. Wu pointed to Taiwan's growing economic power, noting its position among the world's top 20 economies and its fourth-place ranking in stock market capitalization, which serves as a vital support for Taiwan's foreign relations.

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Value is like love in diplomacy, and the economy is like bread. Both are essential for Taiwan to engage with the world.

The Ministry of Foreign Affairs is actively implementing policies to assist Taiwanese businesses in expanding into allied markets. Wu stressed Taiwan's approach goes beyond simply providing resources or training; it involves "raising fish together" with allies to promote shared prosperity. He cited examples such as the Taiwan-Paraguay Technological University, smart technology parks, AI computing cooperation, and electric bus projects in Paraguay, as well as medical team training in Eswatini and tourism development assistance in the Caribbean.

"Wherever Taiwanese businesses go, Taiwan is there," Wu declared, expressing the ministry's commitment to working alongside Taiwanese entrepreneurs. The goal is to ensure that Taiwan's high-quality products and advanced technologies become valuable partners globally, extending Taiwan's reach and influence further. He specifically invited more Taiwanese businesses to participate in these collaborative development initiatives in allied nations.

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Wherever Taiwanese businesses go, Taiwan is there.