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According to latest resolution of the EP, Taiwan represents a key EU partner and democratic ally in the Indo-Pacific, one that contributes to maintaining a rules-based order in the midst of an intensifying rivalry between the major geopolitical actors in the region.

To step up cooperation, a first EU-Taiwan relations report adopted by MEPs in October 2021 stresses the urgent need to launch an “impact assessment, public consultation and scoping exercise” for an EU-Taiwan Bilateral Investment Agreement (BIA). Members highlight the importance of trade and economic relations between the EU and Taiwan, including on matters relating to multilateralism and the World Trade Organization, technology such as 5G, public health, and essential cooperation on critical supplies like semiconductors.

The European Parliament has called for closer relations with Taiwan guided by the EU’s One China Policy, while issuing warnings over the continued tensions across the Taiwan Strait. MEPs wish to address these tensions, to protect Taiwan’s democracy, and the island’s status as an important EU partner..