Taiwan, US could start talks on closer economic ties ‘within weeks’
The new talks “will explore concrete ways to deepen the U.S.-Taiwan trade and investment relationship,” the officials said, emphasizing the institutionalization of cooperation in chain resilience. procurement, labor, environment and sustainable development.
An official announcement will come after “coordination and consultations”, according to a senior official.
The White House declined to comment.
A senior official also told CNN on Friday that Taiwan may send a delegation to attend the SelectUSA summit in Maryland in June. The summit facilitates foreign business investment in the United States.
The IPEF is not a trade agreement in the traditional sense. It includes a “pillar” related to trade, but also integrates other areas such as making supply chains more resilient, promoting clean energy and fighting corruption.
The nations participating in IPEF are Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam, alongside the United States.
“The future of the 21st century economy is going to be largely written in the Indo-Pacific, our region,” Biden said as he launched the plan.
“Many countries have expressed a desire to minimize the US-China confrontation within IPEF, and that is the main reason why Taiwan was not invited to attend the launch ceremony,” Roy said. Lee, deputy executive director of Taiwan’s Chung-hua Institution. Economic research.
“Some countries pointed out that the inclusion of Taiwan would boost [the IPEF’s] effectiveness, but there was also concern that China viewed these countries as choosing a side,” he added.
The penalty Nearly $500 billion, TSMC is one of Asia’s most valuable companies and accounts for 90% of the world’s super advanced chips.
Growing tensions between the United States and China
The self-governing island of 24 million people has faced increasing military aggression from China in recent months. Communist authorities in Beijing claimed Asia’s 7th largest economy as part of its territory, although it never ruled over it.
Taiwan has become one of the central issues between China and the United States, and Biden’s Asia tour this month focused on Beijing growing influence in the region.
On Monday, Biden said the United States would intervene militarily if China attempted to take Taiwan by force – in what appeared to be a strong warning to Beijing not to emulate Russia’s invasion of Ukraine.
Beijing responded angrily, calling on Washington to be “cautious in its words and deeds on the Taiwan issue.”
Last Friday, Taiwan’s chief trade negotiator, John Deng, held a bilateral meeting with U.S. Trade Representative Katherine Tai in Thailand, where they agreed to explore ways to deepen trade relations and to meet again in the coming weeks to discuss the way forward, according to a reading. from the United States Trade Representative Office.