The Prague Post - Taiwan's leader says increasing defence spending to 'deter war' 

EUR -
AED 4.120833
AFN 72.374653
ALL 90.68597
AMD 405.213892
ANG 2.008278
AOA 1028.945251
ARS 1713.128375
AUD 1.597286
AWG 2.021143
AZN 1.906221
BAM 1.95442
BBD 2.261004
BDT 138.851961
BGN 1.961202
BHD 0.423701
BIF 3367.352434
BMD 1.122078
BND 1.434081
BOB 13.162823
BRL 5.641241
BSD 1.122607
BTN 106.103084
BWP 15.379141
BYN 3.334231
BYR 21992.723667
BZD 2.257726
CAD 1.577877
CDF 2598.73214
CHF 0.926595
CLF 0.027838
CLP 1095.630483
CNY 7.493291
CNH 7.490541
COP 3580.190997
CRC 511.139102
CUC 1.122078
CUP 26.941977
CVE 110.187691
CZK 24.274862
DJF 199.898858
DKK 7.474749
DOP 68.941323
DZD 151.101229
EGP 61.024421
ERN 16.831166
ETB 183.87581
FJD 2.52894
FKP 0.838851
GBP 0.83859
GEL 2.90609
GGP 0.838851
GHS 13.083762
GIP 0.838851
GMD 82.471988
GNF 9935.984531
GTQ 8.578943
GYD 234.86417
HKD 8.805101
HNL 30.135722
HRK 7.533407
HTG 147.087457
HUF 365.420883
IDR 20238.130708
ILS 3.465427
IMP 0.838851
INR 105.958979
IQD 1701.798417
IRR 2056067.194777
ISK 136.051813
JEP 0.838851
JMD 178.164204
JOD 0.795528
JPY 177.460525
KES 145.679109
KGS 98.126099
KHR 4564.776962
KMF 493.15641
KPW 1009.869921
KRW 1490.130267
KWD 0.348091
KYD 0.935535
KZT 501.445946
LAK 25267.384721
LBP 100528.116341
LKR 372.695192
LRD 191.404855
LSL 18.415597
LTL 3.313204
LVL 0.678734
LYD 7.202946
MAD 11.018371
MDL 20.195651
MGA 5073.463011
MKD 61.606502
MMK 2355.482879
MNT 4036.712338
MOP 9.073044
MRU 45.027208
MUR 53.063078
MVR 17.347799
MWK 1946.525623
MXN 20.926682
MYR 4.579423
MZN 71.703844
NAD 18.415597
NGN 1494.775718
NIO 41.310832
NOK 10.522281
NPR 169.765134
NZD 1.972383
OMR 0.431441
PAB 1.122617
PEN 3.858176
PGK 5.026518
PHP 71.260352
PKR 310.70134
PLN 4.357926
PYG 6459.439204
QAR 4.09251
RON 5.340639
RSD 117.418663
RUB 91.815241
RWF 1659.121156
SAR 4.206631
SBD 9.060306
SCR 15.520557
SDG 674.931784
SEK 11.108811
SGD 1.434072
SHP 0.838529
SLE 26.840145
SLL 23529.414064
SOS 641.547025
SRD 42.259131
STD 23224.743713
STN 24.482714
SVC 9.823108
SYP 14589.254397
SZL 18.423156
THB 37.711945
TJS 10.339
TMT 3.938493
TND 3.351134
TOP 2.701694
TRY 55.657864
TTD 7.621619
TWD 36.380565
TZS 2967.89529
UAH 50.546611
UGX 4720.666894
USD 1.122078
UYU 45.068179
UZS 13437.512218
VES 987.191539
VND 29013.003036
VUV 133.67989
WST 3.113405
XAF 655.957
XAG 0.019521
XAU 0.000271826755
XCD 3.032471
XCG 2.023172
XDR 0.793367
XOF 655.957
XPF 119.331742
YER 264.929387
ZAR 18.399657
ZMK 10100.046811
ZMW 22.519301
ZWL 361.308574
SSP 6494.085876
MXV 2.362129
  • RYCEF

    0.1700

    17.67

    +0.96%

  • RBGPF

    0.5300

    70.53

    +0.75%

  • CMSC

    -0.1000

    19.53

    -0.51%

  • NGG

    -0.2800

    80.78

    -0.35%

  • VOD

    -0.0300

    15.85

    -0.19%

  • RIO

    -1.2400

    86.92

    -1.43%

  • BTI

    -0.2100

    58.9

    -0.36%

  • RELX

    -0.2600

    39.13

    -0.66%

  • AZN

    -0.3700

    168.45

    -0.22%

  • GSK

    -0.6100

    50.02

    -1.22%

  • BCC

    -0.6900

    75.59

    -0.91%

  • BP

    0.4600

    49.85

    +0.92%

  • BCE

    -0.0900

    19.98

    -0.45%

  • JRI

    -0.0100

    10.62

    -0.09%

  • CMSD

    -0.0800

    19.61

    -0.41%

Taiwan's leader says increasing defence spending to 'deter war' 
Taiwan's leader says increasing defence spending to 'deter war'  / Photo: I-Hwa Cheng - AFP

Taiwan's leader says increasing defence spending to 'deter war' 

Taiwan aims to "deter war" by increasing its defence spending, the democratic island's leader said on Saturday, as China uses military pressure to assert its territorial claims.

Text size:

Taiwan's 23 million people live under the constant threat of an attack by China, which insists the island is part of its territory and has threatened to use force to annex it.

"Our aim by increasing investment in national defence is not to provoke, rather, it is to deter war," President Lai Ching-te said in speech to celebrate Taiwan's National Day.

Successive administrations have ramped up military spending as Taiwan improves its fighting abilities to avoid a potential Chinese invasion -- and to show the United States it is serious about its own defence.

Lai's government has earmarked a record NT$1.1 trillion (US$34.5 billion) in defence spending for 2027, which accounts for more than three percent of GDP.

"We do not seek hegemony, nor do we seek to dominate others," Lai said in his annual address in front of the Presidential Office in Taipei where thousands of people, including foreign diplomats, were gathered.

"However, peace cannot rely solely on wishes, and tolerance cannot become a pretext for aggressors to encroach ever further," Lai said, noting China continued to "apply pressure through military and grey-zone activities in an attempt to alter the status quo across the Taiwan Strait".

Lai welcomed talks between the United States and China, but insisted "there must be respect for the right of the people of Taiwan to exist".

Government officials in Washington and Taipei have said repeatedly that US policy on Taiwan has not changed under President Donald Trump, whose remarks have at times jangled nerves.

- 'US support is extremely important' -

While the United States switched official diplomatic relations from Taipei to Beijing nearly 50 years ago, Washington is Taipei's most important security backer.

Trump's suggestion in May following a meeting with Chinese President Xi Jinping in Beijing that US arms sales to Taiwan could be a bargaining chip with China set off alarm bells across the world.

Taiwan is waiting for Trump's signature on $14 billion worth of weapons, including the US-made Patriot air defence system.

Taiwanese fighter jets and two Chinook helicopters carrying giant Taiwan flags flew over the capital ahead of Lai's wide-ranging speech, which also covered housing pressure and the declining population.

"You can really feel the warmth in Taiwanese society," said Feng Jing-heng, 70, who was in the crowd watching the military parade and dance performances.

Saturday's celebrations mark the 115th anniversary of the toppling of China's Qing dynasty and the subsequent founding of the Republic of China.

The current dispute between China and Taiwan dates to a civil war between the nationalist forces of Chiang Kai-shek, who retreated to the island in 1949 after being defeated by Mao Zedong's communist fighters.

Parliamentary speaker Han Kuo-yu, who is a senior member of the main opposition party that favours closer ties with China, said "US support is extremely important to Taiwan's security", but he noted the historical and cultural links with China.

"The overwhelming majority of Taiwanese compatriots do not want war; they wish to live their lives in peace and hope for peaceful cross-strait exchanges," Han said at the National Day event.

S.Danek--TPP