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Taiwan sought trade deal talks with the European Union while touting its leading position in the chip sector.
President Tsai Ing-wen said at an EU investment forum in Taipei that the restructuring of global supply chains and economic transformations present enormous potential for a closer, mutually beneficial cooperation with the EU,
The EU, Taiwan’s largest source of foreign investment, has been courting Taiwan as among the “like-minded” partners it would like to work with under the European Chips Act unveiled in February.
Germany had asked Taiwan to help ease a shortage of auto chips.
Taiwan Economy Minister Wang Mei-hua noted that the top priorities now for nations are engaging in cooperation with like-minded allies, building secure and reliable supply chain partnerships, and avoiding over-reliance on a single market.
With the EU planning to set up at least six million public charging stations for electric vehicles (EVs) by 2030, Taiwan will be a trustworthy partner for the EU in developing its EV market, added Wang.
