The candidate of Taiwan's ruling Democratic Progressive Party (DPP) won the mayoral by-election in Kaohsiung by a large margin, returning control of the city to the DPP, which it lost to the opposition Kuomintang (KMT) in November 2018.

Taiwan's Directorate General of Budget, Accounting & Statistics (DGBAS) has cut its official 2020 forecast for Taiwan's Gross Domestic Product (GDP) by 0.11 percentage points to 1.56%, following lower than expected growth in the first half of 2020.

Taiwan has signed a new deal on organic foods with the US and Canada.

Taiwan's cabinet has passed a proposed amendment to the Civil Code to lower the legal age of majority to 18 from 20.

​​​​​​​Taiwan's exports in July expanded 0.4% year-on-year to US$28.20 billion while imports fell 6.8% from a year earlier to US$22.83 billion, according to a News Release from the Ministry of Finance.

Taiwan's Purchasing Managers' Index (PMI) for July rose back into positive territory for the first time in four months.

Taiwan's Gross Domestic Product (GDP) fell 0.73% in the second quarter of 2020 compared to the same period in 2019 owing to the impact of the coronavirus pandemic.

EU leaders have agreed to a recovery package and the 2021-2027 budget that will help the EU to rebuild after the coronavirus pandemic and will support investment in "green and digital transitions".

Ørsted and Taiwan Semiconductor Manufacturing Company (TSMC) have signed a corporate power purchase agreement (CPPA).