Business U.S. and Taiwan to hold second round of economic dialogue next week

U.S. and Taiwan to hold second round of economic dialogue next week

U.S. and Taiwan to hold second round of economic dialogue next week

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Economic system1 hour within the past (Nov 19, 2021 08: 11PM ET)

© Reuters. FILE PHOTO: Flags of Taiwan and U.S. are positioned for a meeting in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone Siu

WASHINGTON (Reuters) – The United States and Taiwan next week will support a 2d session of an financial dialogue launched last three hundred and sixty five days within the face of accelerating rigidity on the island from China, the Deliver Department said on Friday.

The announcement comes days after a digital meeting between U.S. President Joe Biden and Chinese chief Xi Jinping. After the meeting, Xi warned that supporters within the US of Taiwanese independence hold been “playing with fireplace.”

A Deliver Department observation said the U.S. below secretary for financial sing, energy and the environment, Jose Fernandez, will lead the 2d U.S.-Taiwan Economic Prosperity Partnership Dialogue on Monday.

It said the dialogue would possibly perhaps be performed below the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Workplace (TECRO) within the US, which act as respective unofficial embassies.

“Our partnership is constructed on solid two-approach exchange and Investment, folks-to-folks ties, and in usual defense of freedom and shared democratic values,” the observation said.

Taiwan’s Foreign Ministry said the digital meeting would possibly perhaps be led from its aspect by Economic system Minister Wang Mei-hua and Science and Know-how Minister Wu Tsung-tsong.

Taiwan hopes the dialogue would possibly perhaps also lead at last to a free-exchange agreement with the US and hailed last three hundred and sixty five days’s inaugural meeting as a step forward.

It was as soon as segment of elevated U.S. engagement with Taipei below aged President Donald Trump that the Biden administration has persisted, to the anger of Beijing, which claims Taiwan as its beget.

The 2 sides held long-delayed talks on a Trade and Funding Framework Settlement practically about in July, and Taiwan said it hoped it would possibly perhaps even be that you would possibly perhaps even deem to signal an FTA someday.

Superb three hundred and sixty five days, Taiwan’s authorities lifted a ban on the import of pork containing a leanness-enhancing additive, ractopamine, removing a predominant stumbling block to a tackle Washington, however is thanks to support a referendum on the problem in December.

Taiwan is a predominant producer of semiconductors, a lack of which has roiled present chains globally and affected auto makers in explicit, referring to Washington, which has pressed Taiwan to lag up chip production.

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