The Foreign Ministry stated that, amid rising downside risks to the global economy, it is working closely with Taiwan’s overseas missions to enhance international connectivity by promoting a “non-red” supply chain.
In a newly released report summarizing the ministry and its overseas missions’ first-quarter 2025 achievements in economic diplomacy, it noted that recent U.S. tariff measures have triggered market volatility. It also warned that potential retaliatory actions from U.S. trade partners have increased uncertainty in global trade policy, heightening the risk of economic slowdown.
In response to these evolving dynamics, the ministry emphasized its commitment to leveraging Taiwan’s strategic position within both the “global democratic value chain” and the Indo-Pacific’s “First Island Chain.” Taiwan, it said, is working alongside the United States and other democratic partners to build a more resilient and diversified semiconductor supply chain.
The report highlights several accomplishments, including efforts to bolster semiconductor supply chain resilience, co-develop opportunities in new energy and carbon credits, and deepen industrial cooperation with allied nations. Regarding Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the ministry is focusing on securing support from member states, intensifying lobbying efforts, and organizing delegations to trade expos in Australia — the bloc’s 2025 rotating chair — to amplify Taiwan’s presence and strengthen diplomatic goodwill.