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Taiwan’s Democratic Resolve: Shaping Global Security and Peace Through Strategic Cooperation

SpeakerS:

Michelle Giuda, CEO, Krach Institute for Tech Diplomacy at Purdue
The Hon. Keith J. Krach, Chairman & Co-founder, Krach Institute for Tech Diplomacy at Purdue
Amb. Alexander Tah-ray Yui, Representative to the United States, Taipei Economic and Cultural Representative Office (TECRO)

With Lead Programming Partner

“At the Krach Institute for Tech Diplomacy at Purdue, we believe that technology must advance freedom. Two very transformational leaders who are at the forefront of that mission are Ambassador Alexander Tah-ray Yui and Keith Krach.” Michelle Giuda
“I've been going to Taiwan for four decades; it's got a special place in my heart, first as a businessman, then as a diplomat, and I've had a chance to see Taiwan's meteoric rise.” The Hon. Keith J. Krach
“Taiwan may be a small island with 23 million people, but we are the 21st largest economy in the world and your eighth largest trading partner. Our trade with the US is larger than with Italy, France, India, or Brazil.” Amb. Alexander Tah-ray Yui

Key takeaways:

  • Strengthen US-Taiwan relations: The session highlighted the importance of the US-Taiwan economic prosperity partnership and the Science and Technology Cooperation Pact, which paved the way for the US-Taiwan 21st Century Trade Pact.
  • Significant Investments: Keith J. Krach and his team brokered the largest foreign investment in US history, a $60 billion deal to bring Taiwan’s TSMC to the United States, and architected the $80 billion bipartisan CHIPS and Science Act, driving $350 billion in US semiconductor investment and job creation .
  • Role of Tech Diplomacy in  security: Taiwan’s contributions to technology and health have had a significant impact on humanity. Trusted technology from Taiwan is crucial for global advancements.
  • Clean Network Alliance: The formation of the Clean Network Alliance, uniting 60 countries and 200 telecommunications firms, was a strategic move to counter the CCP’s plans to control 5G communications
  • Taiwan’s Democratic Resilience: Taiwan’s evolution into a thriving democracy is a testament to the enduring appeal of democratic values. The country faces continuous threats from mainland China, including military threats, economic coercion, and cyber-attacks. 
  • Global Alliances: Taiwan’s efforts to strengthen alliances with like-minded democracies are crucial for maintaining a rules-based world order and preserving peace in the Taiwan Strait.
  • Trade and Economic Integration: Taiwan aims to enhance economic integration with the world, including signing trade pacts and joining international trade organizations like CPTPP.
  • Supply Chain Realignment: Taiwan is actively reducing its economic dependence on mainland China by diversifying its investments and realigning supply chains.

Action items:

  • Form Strategic Alliances: Strengthen alliances with democratic nations to counter authoritarian threats and promote a rules-based international order.
  • Support Taiwan’s Inclusion in International Organizations: Advocate for Taiwan’s membership in international entities such as the United Nations and the International Telecommunications Union to ensure its voice is heard on global platforms. 
  • Invest in Trusted Technology: Continue to invest in and promote trusted technology from democratic nations to ensure technological advancements align with democratic values.
  • Expand the Clean Network Alliance: Encourage more countries and telecommunications firms to join the Clean Network Alliance to safeguard global communications infrastructure.
  • Develop Robust Information Campaigns: Implement comprehensive information campaigns to educate the public about the dangers of misinformation and disinformation.
  • Leverage Technology for Fact-Checking: Utilize artificial intelligence and other technologies to enhance fact-checking capabilities and ensure accurate information dissemination.
  • Strengthen Democratic Institutions: Invest in strengthening democratic institutions to build resilience against external threats and internal challenges.
  • Promote Civic Engagement: Encourage civic engagement and participation to rebuild trust in democratic processes and institutions.
  • Diversify Supply Chains: Encourage businesses to diversify their supply chains to reduce dependence on authoritarian regimes and enhance economic security.
  • Foster Economic Partnerships: Promote economic partnerships that align with democratic values and contribute to global stability and prosperity.

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