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TAIPEI: Taiwan’s international minister voiced confidence on Saturday that the incoming authorities of U.S. President-elect Joe Biden would assist a protracted sought-after bilateral commerce settlement, following excessive stage financial talks with the outgoing administration.
Last month, Frank Jannuzi, a key Biden aide when the president-elect was in Congress, wrote that Washington ought to prioritise free commerce negotiations with Taiwan to encourage others, together with Britain, the European Union and Japan, to comply with go well with.
In August, Taiwan eased restrictions on imports of U.S. pork and beef, which had been a stumbling block to free commerce talks.
Speaking in Taipei after Taiwan-U.S. financial talks, Foreign Minister Joseph Wu famous the cross-aisle assist for Taiwan’s meat resolution, in addition to October’s name by 50 U.S. senators from each events for President Donald Trump’s administration to start negotiating a commerce cope with the island.
“I think bipartisan support on Capitol Hill is still very strong, and I think that kind of support for a Taiwan-U.S. BTA will continue into the new administration,” Wu mentioned.
Friday’s talks, below the auspices of a brand new Economic Prosperity Partnership Dialogue, weren’t associated to a doable commerce deal, as an alternative specializing in areas together with science and expertise, provide chain restructuring and 5G networks.
In a nod to tech-heavyweight Taiwan’s significance as a worldwide chip maker for the likes of Apple Inc, Taiwan’s authorities mentioned either side “confirmed that strategic cooperation on the semiconductor industry is a mutual priority”.
The world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co, introduced plans this yr for a $12 billion semiconductor manufacturing facility in Arizona, a transfer U.S. Secretary of State Mike Pompeo mentioned would enhance U.S. financial independence from China.
The U.S. State Department mentioned in a press release on the talks that the 2 agreed to barter a science and expertise settlement, and that future talks would assist strengthen their financial relationship and “our shared commitment to free markets, entrepreneurship, and freedom”.
The dialogue, held just about and in individual in Washington, is a part of elevated U.S. engagement with Taipei by the Trump administration which has angered Beijing. China claims the democratic island as its sovereign territory.
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