Hsiao Bi-khim (Hsiao, Vice President of Taiwan)

And the Taiwan Strait, if you look at the world map, is right at the center of the Western Pacific in a growing region with growing economic weight in the world, and not only in terms of manufacturing, production, but also in importing high-value energy and other goods from around the world.

And so in terms of maritime trade,

Taiwan also sits right at the center at a pivot of global, how the global economic system can truly function.

And you really, you look at the global map, you know, there are some points, for example, the Suez Canal, the Red Sea, the Taiwan Strait, you know, really key locations where if

If compromise, if the freedom of navigation is compromised, it would have a dramatic impact on the global economy.

We are indeed in a very complicated geopolitical environment, and we seek to balance that concern and anxiety about geopolitics with a continuing confidence that supports good business and investments.

And so Taiwan, we're a relatively small island.

We are heavily dependent on global trade as well as our connections with the rest of the world.

And we plan on deepening that, diversifying that.

Over 10 years ago, over a decade ago, Taiwan's economy was much more integrated with the Chinese economy.

Over 80% of outbound investments went to China.

But our government has called for diversification.

That is, we cannot be vulnerable to putting all our eggs in one big basket.

We need to consolidate partners with other like-minded democracies.

And so those figures have been through very dramatic transformations, including more engagements with the Southeast Asian countries,

significant investments in the United States, and now the United States has become one of our top investment destinations, especially in the area of high-tech.

A very big Taiwanese company, TSMC, which produces chips,

has already made $165 billion commitment to investments in the United States.

And that is the largest greenfield investment from a foreign country in American history.

So that is a very meaningful contribution.