Thursday, December 8, 2022

U.S., Taiwan hold talks on strengthening economic ties By Reuters


WASHINGTON (Reuters) – The United States and Taiwan held talks on Friday on strengthening their economic relationship in the face of increasing pressure on the island from China, which the Taiwanese side hailed as a successful step forward.

The talks, under the auspices of a new Economic Prosperity Partnership Dialogue, were held virtually and in person, led on the U.S. side by Undersecretary of State Keith Krach, who angered China with a visit to Taipei in September.

Taiwan’s Deputy Minister of Economic Affairs Chen Chern-chyi brought a delegation to Washington for the discussions.

A statement from Taiwan’s representative office in Washington said the two sides signed a memorandum of understanding to establish an “institutionalized dialogue mechanism.”

“Both sides also discussed a wide range of issues including science and technology, supply chain restructuring, 5G networks, investment review, infrastructure and energy, global health security and women’s economic empowerment,” it said.

The U.S. State Department said the two agreed to negotiate a science and technology agreement to “advance joint understanding and collaboration on a broad range of science and technology topics”.

Future talks will help strengthen their economic relationship and “our shared commitment to free markets, entrepreneurship, and freedom,” it added.

The dialogue, which Taiwan hopes may lead eventually to a free-trade agreement, is part of increased U.S. engagement with Taipei under the outgoing administration of U.S. President Donald Trump, which has angered Beijing.

China claims democratically run Taiwan as its own territory and reacted with fury when the U.S. Health Secretary Alex Azar visited Taipei in August, followed by Krach in September, sending fighter jets near the island each time.

Azar was the most senior U.S. official to visit Taiwan since Washington switched official diplomatic recognition to the mainland in 1979 and Krach was the most senior State Department official to visit in those four decades.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here



Related Stories