MP Says Taiwan Strait Freedom Vital for Canada’s Prosperity

Taiwanese President Lai Ching-te (centre left), poses for photos at a gathering of the largest delegation of foreign lawmakers to visit Taiwan in Taipei, Taiwan, on July 30, 2024. The Inter-Parliamentary Alliance on China (IPAC) deligation is a group of hundreds of lawmakers from 35 countries concerned about how democracies approach Beijing. AP Photo/Dake Kang

Ten percent of global GDP—that’s the estimated cost of a war over Taiwan, says Independent MP Kevin Vuong, who recently visited the island. He joined global lawmakers there to condemn China’s escalating military threat to the democratic island.

To put this in perspective, this price tag is five times the estimated $2 trillion cost of the COVID-19 pandemic and over six times the $1.5 trillion cost of Russia’s war on Ukraine, according to projections from Bloomberg Economics, as noted by the Independent MP for Toronto’s Spadina—Fort York riding.