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URLhttps://english.president.gov.tw/News/7097
Last Crawled2026-04-05 01:48:56 (3 days ago)
First Indexed2026-03-16 17:39:15 (22 days ago)
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Meta TitlePresident Lai addresses opening of 2026 Yushan Forum-News releases-News & activities|Office of the President Republic of China(Taiwan)
Meta DescriptionOn the morning of March 16, President Lai Ching-te attended the opening of the 2026 Yushan Forum, the theme of which was
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On the morning of March 16, President Lai Ching-te attended the opening of the 2026 Yushan Forum, the theme of which was "Indo-Pacific Partnership Prospects: Taiwan's Values, Technology, and Resilience." In remarks, the president noted that Taiwan is home to world-leading advanced semiconductor manufacturing and solid IC design capabilities, and is determined to maintain regional peace and stability. He expressed hope that by leveraging the combined advantages of their democracies, economies, and technologies, Taiwan and its democratic partners can work together to build more resilient supply chains and economies, as well as collectively support the democratic umbrella and promote global democracy, peace, and prosperity. A transcript of President Lai's remarks follows: I would like to begin with a warm welcome to all our good friends who have traveled from the Indo-Pacific, Europe, and other parts of the world to be here. This marks the ninth Yushan Forum, and this is an important milestone, because in our culture, the number nine symbolizes longevity and sustainability. In these times of global uncertainty, it's especially meaningful, for both Taiwan and the world, that we have gathered here to exchange ideas and discuss plans of action. I want to thank Minister [of Foreign Affairs] Lin [Chia-lung] ( 林佳龍 ), [Taiwan-Asia Exchange Foundation] Chairman Hsiao [Hsin-huang] ( 蕭新煌 ), and all our partners for their hard work organizing this year's gathering. It is through your vast knowledge, keen initiative, and passion for dynamic diplomacy that the Yushan Forum continues to reach new heights year after year. Our theme this year is “Indo-Pacific Partnership Prospects: Taiwan's Values, Technology, and Resilience." Taiwan remains determined to build on the foundations of our New Southbound Policy through concrete action. We will continue to expand and deepen our partnerships with New Southbound and other Indo-Pacific nations, as well as democracies around the world. Through these partnerships, we hope to foster a more prosperous future together. Taiwan strongly believes that there is no freedom without solidarity. Nobel Peace Prize laureate and former President of Poland Lech Walesa, who has lived by these words, is joining us here today. In 1980, he founded the trade union Solidarity, paving the way for democracy and reform in Poland – a true testament to the power of solidarity. Since I took office nearly two years ago, Taiwan has been committed to uniting partners in democracy to collectively support a democratic umbrella. Our goal is to shield like-minded nations from the threats posed by authoritarian expansion, while working in solidarity to promote global democracy, peace, and prosperity. We can all see that today's Taiwan has moved away from a reliance on the Chinese market. In 2010, up to 83.8 percent of Taiwan's outbound investment went to China. But last year, that figure fell to a historic low of just 3.75 percent. We are continuing to expand our presence in global markets. Over the past decade, investment by Taiwanese enterprises in EU countries has jumped by 650 percent. Last year, the US became Taiwan's largest export market, with exports to the US growing by 78 percent. In the same year, exports to New Southbound countries increased by 30.5 percent. These figures reflect the results of Taiwan's efforts to diversify our markets and deepen economic and trade relations with countries around the world. We strongly hope that by leveraging the combined advantages of our democracies, economies, and technologies, Taiwan and our democratic partners can work together to build more resilient supply chains and economies. Taiwan is home to world-leading advanced semiconductor manufacturing and solid IC design capabilities. And as we meet the AI era head on, we are also actively pursuing R&D in the key fields of silicon photonics, quantum technology, and robotics. Whether it's in helping to build global non-red supply chains for semiconductors, or leading the way in tech development around the world, Taiwan will always play a major role. Peace and stability in the Taiwan Strait are essential components for global security and prosperity. That is why, as we face rapid changes in global geopolitics, non-conventional threats, and intensifying gray-zone aggression, Taiwan is determined to maintain regional peace and stability. We stand ready to work alongside fellow democracies to demonstrate the strength of deterrence and achieve peace through strength. To that end, we have proposed a special defense budget and are expanding investment in defense. Defense spending, as defined by NATO, will be 3.32 percent of GDP this year, and we expect it to reach 5 percent of GDP by 2030. We are also accelerating the building of asymmetric capabilities and greatly enhancing whole-of-society defense and resilience, so that we can respond to any threat or challenge. Taiwan is willing to share our experiences with other countries, and we are capable of contributing even more to the world. So let me thank everyone for attending. With you joining the discussion on issues of mutual concern, we can pool our knowledge and channel it into an even greater force.  As we move forward, Taiwan will form national teams in specific fields to keep making our nation stronger. But we will go beyond that, by building international teams to keep leveraging the power of solidarity with other nations. This will make the world more stable, prosperous, and sustainable. Each of you is an important friend of Taiwan. I invite everyone to advance together with Taiwan to realize the vision of democracy, peace, and prosperity. To close, I wish this gathering great success. May our partnerships continue to endure and thrive. Thank you. Also in attendance at the event were former Prime Minister of the Republic of Fiji Mahendra Chaudhry, Japan-ROC Diet Members' Consultative Council Chairman Furuya Keiji, and members of the foreign diplomatic corps stationed in Taiwan.
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[To the central content area](https://english.president.gov.tw/News/7097#AC "To the central content area") [:::](https://english.president.gov.tw/News/7097#AU "Alt+U: Top block") [![](https://english.president.gov.tw/_content/template/assets/img/logo_president.svg) ![](https://english.president.gov.tw/_content/template/assets/img/logo_president-dark.svg) Office of the President Republic of China(Taiwan)](https://english.president.gov.tw/) - [Sitemap](https://english.president.gov.tw/Page/24 "Sitemap") [Line](https://lin.ee/15lfcRtIE "Line (Open in new window)") [Facebook](https://www.facebook.com/presidentialoffice.tw "Facebook (Open in new window)") [Flickr](https://www.flickr.com/photos/presidentialoffice "Flickr (Open in new window)") [YouTube](https://www.youtube.com/user/presidentialoffice "YouTube (Open in new window)") [Write to the President](https://english.president.gov.tw/newmailboxen/write "Write to the President (Open in new window)") [RSS](https://english.president.gov.tw/Page/23 "RSS (Open in new window)") Expand A+Font Size AFont Size A-Font Size [中文](https://www.president.gov.tw/ "中文") [Expand Search Bar]("Expand Search Bar") Search [Collapse Search Bar]() Expand Menu Collapse Menu - [Policy Vision](https://english.president.gov.tw#) **Policy Vision** - [National Climate Change Committee](https://english.president.gov.tw/Page/657) - [Healthy Taiwan Promotion Committee](https://english.president.gov.tw/Page/663) - [Whole-of-Society Defense Resilience Committee](https://english.president.gov.tw/Page/669) - [Major speeches](https://english.president.gov.tw/Issue/138) - [Steadfast diplomacy](https://english.president.gov.tw/Issue/147) - [National defense](https://english.president.gov.tw/Issue/146) - [News & Activities](https://english.president.gov.tw#) **News & Activities** - [News releases](https://english.president.gov.tw/Page/35) - [Videos](https://english.president.gov.tw/Media) - [Photo gallery](https://english.president.gov.tw/Image) - [President & Vice President](https://english.president.gov.tw#) **President & Vice President** - [President Lai](https://english.president.gov.tw/Page/644) - [Vice President Hsiao](https://english.president.gov.tw/Page/645) - [Presidents & vice presidents since 1947](https://english.president.gov.tw/Page/42) - [Tours](https://english.president.gov.tw#) **Tours** - [Visitor information](https://english.president.gov.tw/Page/124) - [Architecture](https://english.president.gov.tw/Page/45) - [Presidential Office Exhibit](https://english.president.gov.tw/Page/46) [Light Mode]("Light Mode") [Dark Mode]("Dark Mode") ![](https://english.president.gov.tw/_content/template/assets/img/bg_inner1.svg) 1. [Home](https://english.president.gov.tw/ "Home") 2. [News & activities](https://english.president.gov.tw/Page/35 "News & activities") 3. News releases [:::](https://english.president.gov.tw/News/7097#AC "Alt+C: Main content") ## News & activities ### *![](https://english.president.gov.tw/_content/template/assets/img/icon_title1.svg)* News releases - [Share]("Share") - [Facebook]("Share to Facebook (Open in new window)") - [Line]("Share to Line (Open in new window)") - [X]("Share to X (Open in new window)") - [Print]("Share to Print Page Content (Open in new window)") 2026-03-16 [中文](https://www.president.gov.tw/NEWS/39890 "連結中文版新聞網頁") President Lai addresses opening of 2026 Yushan Forum On the morning of March 16, President Lai Ching-te attended the opening of the 2026 Yushan Forum, the theme of which was "Indo-Pacific Partnership Prospects: Taiwan's Values, Technology, and Resilience." In remarks, the president noted that Taiwan is home to world-leading advanced semiconductor manufacturing and solid IC design capabilities, and is determined to maintain regional peace and stability. He expressed hope that by leveraging the combined advantages of their democracies, economies, and technologies, Taiwan and its democratic partners can work together to build more resilient supply chains and economies, as well as collectively support the democratic umbrella and promote global democracy, peace, and prosperity. A transcript of President Lai's remarks follows: I would like to begin with a warm welcome to all our good friends who have traveled from the Indo-Pacific, Europe, and other parts of the world to be here. This marks the ninth Yushan Forum, and this is an important milestone, because in our culture, the number nine symbolizes longevity and sustainability. In these times of global uncertainty, it's especially meaningful, for both Taiwan and the world, that we have gathered here to exchange ideas and discuss plans of action. I want to thank Minister \[of Foreign Affairs\] Lin \[Chia-lung\] (林佳龍), \[Taiwan-Asia Exchange Foundation\] Chairman Hsiao \[Hsin-huang\] (蕭新煌), and all our partners for their hard work organizing this year's gathering. It is through your vast knowledge, keen initiative, and passion for dynamic diplomacy that the Yushan Forum continues to reach new heights year after year. Our theme this year is “Indo-Pacific Partnership Prospects: Taiwan's Values, Technology, and Resilience." Taiwan remains determined to build on the foundations of our New Southbound Policy through concrete action. We will continue to expand and deepen our partnerships with New Southbound and other Indo-Pacific nations, as well as democracies around the world. Through these partnerships, we hope to foster a more prosperous future together. Taiwan strongly believes that there is no freedom without solidarity. Nobel Peace Prize laureate and former President of Poland Lech Walesa, who has lived by these words, is joining us here today. In 1980, he founded the trade union Solidarity, paving the way for democracy and reform in Poland – a true testament to the power of solidarity. Since I took office nearly two years ago, Taiwan has been committed to uniting partners in democracy to collectively support a democratic umbrella. Our goal is to shield like-minded nations from the threats posed by authoritarian expansion, while working in solidarity to promote global democracy, peace, and prosperity. We can all see that today's Taiwan has moved away from a reliance on the Chinese market. In 2010, up to 83.8 percent of Taiwan's outbound investment went to China. But last year, that figure fell to a historic low of just 3.75 percent. We are continuing to expand our presence in global markets. Over the past decade, investment by Taiwanese enterprises in EU countries has jumped by 650 percent. Last year, the US became Taiwan's largest export market, with exports to the US growing by 78 percent. In the same year, exports to New Southbound countries increased by 30.5 percent. These figures reflect the results of Taiwan's efforts to diversify our markets and deepen economic and trade relations with countries around the world. We strongly hope that by leveraging the combined advantages of our democracies, economies, and technologies, Taiwan and our democratic partners can work together to build more resilient supply chains and economies. Taiwan is home to world-leading advanced semiconductor manufacturing and solid IC design capabilities. And as we meet the AI era head on, we are also actively pursuing R\&D in the key fields of silicon photonics, quantum technology, and robotics. Whether it's in helping to build global non-red supply chains for semiconductors, or leading the way in tech development around the world, Taiwan will always play a major role. Peace and stability in the Taiwan Strait are essential components for global security and prosperity. That is why, as we face rapid changes in global geopolitics, non-conventional threats, and intensifying gray-zone aggression, Taiwan is determined to maintain regional peace and stability. We stand ready to work alongside fellow democracies to demonstrate the strength of deterrence and achieve peace through strength. To that end, we have proposed a special defense budget and are expanding investment in defense. Defense spending, as defined by NATO, will be 3.32 percent of GDP this year, and we expect it to reach 5 percent of GDP by 2030. We are also accelerating the building of asymmetric capabilities and greatly enhancing whole-of-society defense and resilience, so that we can respond to any threat or challenge. Taiwan is willing to share our experiences with other countries, and we are capable of contributing even more to the world. So let me thank everyone for attending. With you joining the discussion on issues of mutual concern, we can pool our knowledge and channel it into an even greater force. As we move forward, Taiwan will form national teams in specific fields to keep making our nation stronger. But we will go beyond that, by building international teams to keep leveraging the power of solidarity with other nations. This will make the world more stable, prosperous, and sustainable. Each of you is an important friend of Taiwan. I invite everyone to advance together with Taiwan to realize the vision of democracy, peace, and prosperity. To close, I wish this gathering great success. May our partnerships continue to endure and thrive. Thank you. Also in attendance at the event were former Prime Minister of the Republic of Fiji Mahendra Chaudhry, Japan-ROC Diet Members' Consultative Council Chairman Furuya Keiji, and members of the foreign diplomatic corps stationed in Taiwan. [![President Lai addresses opening of 2026 Yushan Forum.](https://english.president.gov.tw/img/Image/b54bd761-0bd2-48e6-88d9-0359ecc896ff.jpg)](https://english.president.gov.tw/img/Image/b54bd761-0bd2-48e6-88d9-0359ecc896ff.jpg "President Lai addresses opening of 2026 Yushan Forum.") [![President Lai Ching-te shakes hands with former President of Poland Lech Walesa.](https://english.president.gov.tw/img/Image/0c4eba5f-f330-4838-b013-c6905fdda66e.jpg)](https://english.president.gov.tw/img/Image/0c4eba5f-f330-4838-b013-c6905fdda66e.jpg "President Lai Ching-te shakes hands with former President of Poland Lech Walesa.") [![President Lai addresses the 2026 Yushan Forum.](https://english.president.gov.tw/img/Image/6796b9a9-ec90-4f3b-b82d-79a05ea055d4.jpg)](https://english.president.gov.tw/img/Image/6796b9a9-ec90-4f3b-b82d-79a05ea055d4.jpg "President Lai addresses the 2026 Yushan Forum.") [![President Lai poses for a photo with attendees at the 2026 Yushan Forum.](https://english.president.gov.tw/img/Image/b0dd4ff6-8d63-4d8e-aaf0-ea8d24e87ef2.jpg)](https://english.president.gov.tw/img/Image/b0dd4ff6-8d63-4d8e-aaf0-ea8d24e87ef2.jpg "President Lai poses for a photo with attendees at the 2026 Yushan Forum.") **Related News** ![](https://english.president.gov.tw/img/Image/5770c1da-cc54-4296-98dd-2e120d5a01c8.jpg) [Detail](https://english.president.gov.tw/NEWS/7110 "President Lai meets Global Taiwan Institute media delegation  ") 2026-04-01 **President Lai meets Global Taiwan Institute media delegation** On the morning of March 31, President Lai Ching-te met with a media delegation from the Global Taiwan Institute (GTI). In remarks, President... [中文](https://www.president.gov.tw/NEWS/39941 "連結中文版新聞網頁") ![](https://english.president.gov.tw/img/Image/a9f7b828-c540-4e5a-b64b-269066e411bf.jpg) [Detail](https://english.president.gov.tw/NEWS/7109 "President Lai meets British-Taiwanese All-Party Parliamentary Group delegation  ") 2026-03-31 **President Lai meets British-Taiwanese All-Party Parliamentary Group delegation** On the afternoon of March 31, President Lai Ching-te met with a delegation from the British-Taiwanese All-Party Parliamentary Group (APPG). ... [中文](https://www.president.gov.tw/NEWS/39939 "連結中文版新聞網頁") ![](https://english.president.gov.tw/img/Image/c5016ae8-4f46-4025-aec4-bf317549bb2e.jpg) [Detail](https://english.president.gov.tw/NEWS/7108 "President Lai meets delegation from European Parliament Committee on Security and Defence") 2026-03-31 **President Lai meets delegation from European Parliament Committee on Security and Defence** On the morning of March 31, President Lai Ching-te met with a delegation from the European Parliament's Committee on Security and Defence (S... [中文](https://www.president.gov.tw/NEWS/39938 "連結中文版新聞網頁") ![](https://english.president.gov.tw/img/Image/c8f919eb-0737-45f1-b238-a0a7346d56eb.jpg) [Detail](https://english.president.gov.tw/NEWS/7107 "President Lai meets bipartisan delegation from US Senate Committee on Foreign Relations") 2026-03-30 **President Lai meets bipartisan delegation from US Senate Committee on Foreign Relations** On the morning of March 30, President Lai Ching-te met with a bipartisan delegation from the United States Senate Committee on Foreign Relat... [中文](https://www.president.gov.tw/NEWS/39935 "連結中文版新聞網頁") ![](https://english.president.gov.tw/img/Image/f0ef15ea-29eb-4525-9265-03fcb868e400.jpg) [Detail](https://english.president.gov.tw/NEWS/7106 "President Lai attends AmCham Taiwan 2026 Hsieh Nien Fan") 2026-03-26 **President Lai attends AmCham Taiwan 2026 Hsieh Nien Fan** On the evening of March 26, President Lai Ching-te attended the annual Hsieh Nien Fan (謝年飯) banquet hosted by the American Chamber of Commer... [中文](https://www.president.gov.tw/NEWS/39925 "連結中文版新聞網頁") ![](https://english.president.gov.tw/img/Image/676dff3b-6f8e-41a0-a6af-33c772f39e49.jpg) [Detail](https://english.president.gov.tw/NEWS/7084 "President Lai interviewed by AFP") 2026-02-12 **President Lai interviewed by AFP** In a recent interview with Agence France-Presse (AFP), President Lai Ching-te responded to questions regarding Taiwan-Europe and Taiwan-Unit... [中文](https://www.president.gov.tw/NEWS/39823 "連結中文版新聞網頁") Previous Next [:::](https://english.president.gov.tw/News/7097#AZ "Alt+Z: Bottom block") ![](https://english.president.gov.tw/_content/template/assets/img/bg_ft.svg) - [Policy Vision](https://english.president.gov.tw/Page/685) - [National Climate Change Committee](https://english.president.gov.tw/Page/657) - [Healthy Taiwan Promotion Committee](https://english.president.gov.tw/Page/663) - [Whole-of-Society Defense Resilience Committee](https://english.president.gov.tw/Page/669) - [Major speeches](https://english.president.gov.tw/Issue/138) - [Steadfast diplomacy](https://english.president.gov.tw/Issue/147) - [National defense](https://english.president.gov.tw/Issue/146) - [News & activities](https://english.president.gov.tw/Page/35) - [News releases](https://english.president.gov.tw/Page/35) - [Videos](https://english.president.gov.tw/Media) - [Photo gallery](https://english.president.gov.tw/Image) - [President & vice president](https://english.president.gov.tw/Page/644) - [President Lai](https://english.president.gov.tw/Page/644) - [Vice President Hsiao](https://english.president.gov.tw/Page/645) - [Presidents & vice presidents since 1947](https://english.president.gov.tw/Page/42) - [Tours](https://english.president.gov.tw/Page/124) - [Visitor information](https://english.president.gov.tw/Page/124) - [Architecture](https://english.president.gov.tw/Page/45) - [Presidential Office Exhibit](https://english.president.gov.tw/Page/46) - [ROC introduction](https://english.president.gov.tw/Page/48) - [The Republic of China Yearbook](https://ws.mofa.gov.tw/001/Upload/402/relfile/20/422/abe535ed-f479-4941-80f6-d385e47cfa67.pdf "Open in new window") - [Constitution of the Republic of China (Taiwan)](https://english.president.gov.tw/Page/93) - [Founding father](https://english.president.gov.tw/Page/49) - [National symbols](https://english.president.gov.tw/Page/96) - [Decorations of the Republic of China (Taiwan)](https://english.president.gov.tw/Page/100) - [Government organizations](https://english.president.gov.tw/Page/105) - [About us](https://english.president.gov.tw/Page/53) - [Organization of the Office of the President](https://english.president.gov.tw/Page/53) - [Senior officials](https://english.president.gov.tw/Page/54) - [Advisors](https://english.president.gov.tw/Page/55) - [Ceremonial functions](https://english.president.gov.tw/Page/56) - [Write to the President](https://english.president.gov.tw/newmailboxen/write) - [FAQ](https://english.president.gov.tw/Page/11) [![Accessible Web Check pass](https://english.president.gov.tw/_content/template/assets/img/icon_AA.svg)](https://accessibility.moda.gov.tw/Applications/Detail?category=20250107100854 "Accessible Web Check pass (Open New Window)") - [Privacy and security policies](https://english.president.gov.tw/Page/16) - [Accessibility](https://english.president.gov.tw/Page/17) - [Government Website Open Information Announcement](https://english.president.gov.tw/Page/18) ![Office of the President Republic of China(Taiwan)](https://english.president.gov.tw/_content/template/assets/img/logo_president2.svg) ![Office of the President Republic of China(Taiwan)](https://english.president.gov.tw/_content/template/assets/img/logo_president-dark.svg) - Office of the President. 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Readable Markdown
On the morning of March 16, President Lai Ching-te attended the opening of the 2026 Yushan Forum, the theme of which was "Indo-Pacific Partnership Prospects: Taiwan's Values, Technology, and Resilience." In remarks, the president noted that Taiwan is home to world-leading advanced semiconductor manufacturing and solid IC design capabilities, and is determined to maintain regional peace and stability. He expressed hope that by leveraging the combined advantages of their democracies, economies, and technologies, Taiwan and its democratic partners can work together to build more resilient supply chains and economies, as well as collectively support the democratic umbrella and promote global democracy, peace, and prosperity. A transcript of President Lai's remarks follows: I would like to begin with a warm welcome to all our good friends who have traveled from the Indo-Pacific, Europe, and other parts of the world to be here. This marks the ninth Yushan Forum, and this is an important milestone, because in our culture, the number nine symbolizes longevity and sustainability. In these times of global uncertainty, it's especially meaningful, for both Taiwan and the world, that we have gathered here to exchange ideas and discuss plans of action. I want to thank Minister \[of Foreign Affairs\] Lin \[Chia-lung\] (林佳龍), \[Taiwan-Asia Exchange Foundation\] Chairman Hsiao \[Hsin-huang\] (蕭新煌), and all our partners for their hard work organizing this year's gathering. It is through your vast knowledge, keen initiative, and passion for dynamic diplomacy that the Yushan Forum continues to reach new heights year after year. Our theme this year is “Indo-Pacific Partnership Prospects: Taiwan's Values, Technology, and Resilience." Taiwan remains determined to build on the foundations of our New Southbound Policy through concrete action. We will continue to expand and deepen our partnerships with New Southbound and other Indo-Pacific nations, as well as democracies around the world. Through these partnerships, we hope to foster a more prosperous future together. Taiwan strongly believes that there is no freedom without solidarity. Nobel Peace Prize laureate and former President of Poland Lech Walesa, who has lived by these words, is joining us here today. In 1980, he founded the trade union Solidarity, paving the way for democracy and reform in Poland – a true testament to the power of solidarity. Since I took office nearly two years ago, Taiwan has been committed to uniting partners in democracy to collectively support a democratic umbrella. Our goal is to shield like-minded nations from the threats posed by authoritarian expansion, while working in solidarity to promote global democracy, peace, and prosperity. We can all see that today's Taiwan has moved away from a reliance on the Chinese market. In 2010, up to 83.8 percent of Taiwan's outbound investment went to China. But last year, that figure fell to a historic low of just 3.75 percent. We are continuing to expand our presence in global markets. Over the past decade, investment by Taiwanese enterprises in EU countries has jumped by 650 percent. Last year, the US became Taiwan's largest export market, with exports to the US growing by 78 percent. In the same year, exports to New Southbound countries increased by 30.5 percent. These figures reflect the results of Taiwan's efforts to diversify our markets and deepen economic and trade relations with countries around the world. We strongly hope that by leveraging the combined advantages of our democracies, economies, and technologies, Taiwan and our democratic partners can work together to build more resilient supply chains and economies. Taiwan is home to world-leading advanced semiconductor manufacturing and solid IC design capabilities. And as we meet the AI era head on, we are also actively pursuing R\&D in the key fields of silicon photonics, quantum technology, and robotics. Whether it's in helping to build global non-red supply chains for semiconductors, or leading the way in tech development around the world, Taiwan will always play a major role. Peace and stability in the Taiwan Strait are essential components for global security and prosperity. That is why, as we face rapid changes in global geopolitics, non-conventional threats, and intensifying gray-zone aggression, Taiwan is determined to maintain regional peace and stability. We stand ready to work alongside fellow democracies to demonstrate the strength of deterrence and achieve peace through strength. To that end, we have proposed a special defense budget and are expanding investment in defense. Defense spending, as defined by NATO, will be 3.32 percent of GDP this year, and we expect it to reach 5 percent of GDP by 2030. We are also accelerating the building of asymmetric capabilities and greatly enhancing whole-of-society defense and resilience, so that we can respond to any threat or challenge. Taiwan is willing to share our experiences with other countries, and we are capable of contributing even more to the world. So let me thank everyone for attending. With you joining the discussion on issues of mutual concern, we can pool our knowledge and channel it into an even greater force. As we move forward, Taiwan will form national teams in specific fields to keep making our nation stronger. But we will go beyond that, by building international teams to keep leveraging the power of solidarity with other nations. This will make the world more stable, prosperous, and sustainable. Each of you is an important friend of Taiwan. I invite everyone to advance together with Taiwan to realize the vision of democracy, peace, and prosperity. To close, I wish this gathering great success. May our partnerships continue to endure and thrive. Thank you. Also in attendance at the event were former Prime Minister of the Republic of Fiji Mahendra Chaudhry, Japan-ROC Diet Members' Consultative Council Chairman Furuya Keiji, and members of the foreign diplomatic corps stationed in Taiwan.
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