In order to fulfill President Tsai’s commitment made in her inaugural speech, which is to strengthen the vitality and autonomy of our economy, reinforce Taiwan’s global and regional connections, and to forge an intimate sense of “economic community” together with other members of this region, the Ministry of Foreign Affairs and its missions abroad have placed promoting Taiwan’s foreign trade and attracting inward foreign direct investment (FDI) high on the agenda.
Countries around the world are forging alliances to better cope with global trade and investment liberalization trends. Due to this tough business environment, President Tsai has made the transformation of Taiwan’s economic structure the first task of the new administration. She also instructed relevant authorities to participate in bilateral and regional economic cooperation as well as free trade negotiations. Taiwan will play an active role in international economic and trade cooperation and rule-making, steadfastly defend the global economic order, and integrate into important regional trade and commercial architecture, including the Trans-Pacific Partnership (TPP) and Regional Comprehensive Economic Partnership (RCEP). Taiwan will contribute greatly to the region’s structural adjustment and sustainable development.
To this end, Taiwan’s diplomats have taken up the banner, promoting Taiwan’s trade and investment overseas. Through MOFA’s network of businessmen and representatives of overseas Chinese communities, they help boost FDI and generate business opportunities overseas for Taiwanese enterprises.