[6] In April 2020 European Commission President Ursula von der Leyen tweeted her appreciation for Taiwan's donation of 5.6 million masks to EU countries to help fight the COVID-19 outbreak.

[7] In December 2020 European Parliament vice president Nicola Beer announced her intention to visit Taiwan as soon as the global COVID-19 pandemic allowed.

[8] In November 2021 a European Parliament delegation composed of members of the Special Committee on Foreign Interference and Disinformation (INGE) visited Taiwan.

"[10][11] In September 2021, MEPs from the European Parliament Committee on Foreign Affairs prepared a report vowing for closer relations and a stronger partnership vis-à-vis Taiwan, while hailing Taiwan as a key EU partner and showing grave concern for Chinese military pressure waged against the island.

[15] In November 2024, Lai Ching-te called for an economic partnership agreement with the EU, highlighting the potential for enhanced cooperation in semiconductors and other sectors like AI.

The Trade and Investment Dialogue had always been co-chaired by the Deputy Minister of Taiwan’s Ministry of Economic Affairs and by the Deputy Director-General of the European Commission’s Trade Department until it was upgraded to the ministerial and director-general level in June 2022, demonstrating both the ambition of both sides to strengthen and deepen their economic relations and the growing importance of EU-Taiwan relations.

[33][32] Taiwan’s President Lai Ching-te attended the 2024 EU Investment Forum held on November 18 in Taipei, underlining the growing importance of Taiwan-EU economic cooperation.

[37][35][36] Investments were primarily made in high-tech industry, the manufacturing of electronic components and in the sectors of energy, of finance and insurance, of wholesale and retail and of information and communications.

[39][37] Over the last years, Taiwan has repeatedly emphasized the need for a formalization of its economic cooperation with the EU through a Bilateral Investment Agreement (BIA) and the European Parliament has passed over 10 resolutions in favor of a BIA,[38] however, according to the European Commission, such a formal bilateral trade and investment agreement is not necessary as the Commission considers the already existing commercial conditions as being sufficient to guarantee stable relations.

[41] It seems that the European Union has adopted a cautious approach in respect of its official position in order to avoid possible negative repercussions on its economic relations with China such as potential trade sanctions.

[42] Cybersecurity is a field of strategic cooperation between the EU and Taiwan with both facing a significant cyber threat from the People's Republic of China.

[9] In December 2021 the EU representative office in Taiwan launched a series of short cooking movies on YouTube called "Taste of Europe" to introduce regional European cuisine to Taiwanese citizens.