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U.S., Taiwan step up economic cooperation in new dialogue

8 Comments
By HUIZHONG WU

The U.S. and Taiwan are stepping up cooperation in a newly created economic dialogue, in another move from the outgoing Trump administration to increase official exchanges with the self-ruled island.

The two sides signed a five-year agreement establishing the U.S.-Taiwan Economic Prosperity Partnership Dialogue, which is meant to be held annually. The deal falls short of a long-desired bilateral trade agreement, but is a significant step that increases ties between Washington and Taipei.

China, which views Taiwan as its own territory to be reunited by force if necessary, has criticized such steps as provocation.

“The U.S.-Taiwan economic dialogue signifies that not only is the United States-Taiwan economic relationship strong, but it continues to deepen and grow,” said Brent Christensen, director of the American Institute in Taipei, the de-facto embassy.

Taiwan and the U.S. do not have a free trade agreement. However, Taiwan in August announced the easing of restrictions on imports of American beef and pork, lowering a trade barrier for U.S. businesses that is expected to pave the way for further trade negotiations.

U.S. trade with Taiwan totaled an estimated $103.9 billion in 2019, according to the latest figures from the U.S. Trade Representative’s office.

The dialogue addressed areas of further cooperation, such as the State Department’s new Clean Network project and 5G security, semiconductors, as well as investment screening and science and technology.

Taiwan’s Foreign Minister Joseph Wu called the dialogue an “important milestone” and “the highest level regular economic dialogue between the U.S. and Taiwan."

"The most important substance is for Taiwan and the U.S. to identify those specific areas for us to work on together and for us to make more concrete progress and to make concrete cooperation,” he said.

The talks Friday were held partly in person in Washington, led by U.S. Undersecretary of State Keith Krach and Taiwanese minister without portfolio John Deng, with attendants from the American Institute in Taipei and the Taiwan government also joining in virtually.

Krach is one of two senior White House officials to visit Taiwan this year, a month after Health Secretary Alex Azar became the highest-level U.S. Cabinet official to hold talks in Taipei since the U.S. switched formal relations from Taiwan to China in 1979.

China responded with a show of force, flying multiple fighter jets across the Taiwan Strait toward the island during both visits.

The U.S. has also started selling more advanced weaponry to Taiwan under the Trump administration, including a $2.37 billion sale of Harpoon missile systems announced in October.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

©2020 GPlusMedia Inc.

8 Comments
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Good move. Totally support this.

5 ( +10 / -5 )

And all the other cowards are shivering with fears that they could possibly excluded from RCEP , new Silk Road and AIIB.

1 ( +5 / -4 )

Taiwan is being fleeced.

-6 ( +3 / -9 )

Hopefully this is the start of Taiwan receiving FULL diplomatic status. If the US grants free, democratic Taiwan diplomatic status, Japan will follow shortly after.

Who cares what them Commies say!

6 ( +8 / -2 )

Taiwan in August announced the easing of restrictions on imports of American beef and pork...

Taiwan does import American beef and pork except "pork containing Ractopamine", which is forbidden by 160+ countries including Euro, China, Japan... etc. and Taiwan was requested to open market for those poisonous pork this time, more than 75% Taiwanese object the policy and protesting is going on for the time being! Do you guys know what we get? yes, this empty dialogue! I won't be so mad if we can sign a solid FTA with the US, everybody knows trading is not a joke, who care about any bla bla bla dialogue especially with those who will step down 2 months later.

-2 ( +0 / -2 )

Taiwan in August announced the easing of restrictions on imports of American beef and pork...

Taiwan does import American beef and pork except "pork containing Ractopamine", which is forbidden by 160+ countries including Euro, China, Japan... etc. and Taiwan was requested to open market for those poisonous pork this time, more than 75% Taiwanese object the policy and protesting is going on for the time being! Do you guys know what we get? yes, this empty dialogue! I won't be so mad if we can sign a solid FTA with the US, everybody knows trading is not a joke, who care about any bla bla bla dialogue especially with those who will step down 2 months later.

-2 ( +1 / -3 )

Democrat or Republication, this a a bilateral issue, both sides should work together against China's rampant destructive behavior.

-1 ( +1 / -2 )

Democrat or Republication, this a a bilateral issue, both sides should work together against China's rampant destructive behavior.

Contrary to Putin's opinion... er, rather Trump's... (I'll go along with the Republican propaganda so as not to get detracted from the fact that their Loser is Putin's mouthpiece), the Democrats have no problem with acting strongly in an effective manner against China. Of course they won't go with the stupdendous failure that was Trump's tariffs, that only hurt Americans instead of supporting them, but the Democrats are unified on standing strong against China.

The Republicans hate it when this is said out loud though. It destroy's their Loser's narrative.

0 ( +1 / -1 )

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