Taiwan participates in first Economic Prosperity Partnership Dialogue with US

22-Nov-2020 Intellasia | TaiwanNews | 9:09 AM Print This Post

Taiwan and the US conducted their first Economic Prosperity Partnership Dialogue in Washington D.C. on Friday (November 20), which saw the signing of a memorandum of understanding (MOU) aimed to strengthen economic ties.

The trade talks, which were held in the face of increasing Chinese pressure, are expected to boost future economic collaboration. They took place both virtually and in person, with Taiwan’s vice minister of Economic Affairs Chen Chern-chyi leading a delegation to Washington to meet with US Undersecretary of State Keith Krach.

According to the Taipei Economic and Cultural Representative Office in the US (TECRO), the MOU was inked by Taiwan’s de facto ambassador to the US Hsiao Bi-khim and American Institute in Taiwan Managing director Ingrid Larson during the opening ceremony. It was witnessed by Taiwanese Economic minister Wang Mei-hua and minister without Portfolio John Deng, who participated from Taipei via videoconferencing.

TECRO said the move was to establish an “institutionalised dialogue mechanism” between the two countries. It added that both sides will discuss the topics of infrastructure development, supply chains, investment screening, clean 5G, women’s rights, and global health security in the upcoming sessions.



Category: Taiwan

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