Remarks by Minister Jaushieh Joseph Wu at a banquet to discuss cooperation on strengthening global supply chains with the India-Taipei Association, the Asia Group, and the[...]

Remarks by Minister Jaushieh Joseph Wu at a banquet to discuss cooperation on strengthening global supply chains with the India-Taipei Association, the Asia Group, and the Industrial Development Administration

• Data Source：Department of East Asian and Pacific Affairs
• Date：2024-05-07

Jaushieh Joseph Wu

Minister of Foreign Affairs

Republic of China (Taiwan)

May 7, 2024

(As Prepared for Delivery)

Ladies and gentlemen:

Namaste and good evening!

On behalf of the Ministry of Foreign Affairs, I would like to thank my good friend Director General Yadav for inviting me to attend this banquet. He has chosen a good topic of supply chain that "chains" us all together tonight, enabling me to engage in discussions with many professional and knowledgeable guests.

Taiwan is home to advanced technology and innovation, and that is the reason why we can play such a crucial role in high-tech industries. India, on the other hand, is a country with vast market potential and a diverse pool of talent. Recently, Taiwan's PSMC has teamed up with India's Tata Electronics to found the very first 12-inch wafer fab in India. And "fab" as fabulous! Our two nations complement each other, offering ample opportunities for collaboration in supply chain.

For both Taiwan and India, supply chains involve not merely logistics and distribution. Rather, they require that we forge enduring partnerships to strengthen supply chain resilience and help us derisk from authoritarian regimes. India is an important country in Taiwan's New Southbound Policy and is a like-minded partner in the Indo-Pacific region. We share democratic values and have common interests in regional peace and prosperity. Taiwan will continue to bolster ties with India, particularly as concerns semiconductors and technical talent training. This will enable us to further enhance bilateral economic, trade, and technological collaboration.

Taiwan is also working on reshaping global supply chains with the United States and other countries through such channels as the Taiwan-US Economic Prosperity Partnership Dialogue and the Technology Trade and Investment Cooperation Framework. These efforts are helping to uphold peace, prosperity, and stability across the Taiwan Strait and are laying the foundation for a more interconnected, resilient, and secure world. We look forward to working more closely with India to these ends.

Ladies and gentlemen,

Let us raise our glasses to the journey ahead and to the countless opportunities that await us on this path to a brighter future. Thank you.