British Undersecretary of State for International Trade Graham Stuart yesterday set an optimistic tone for the possibility of a trade agreement between Taiwan and the UK after Brexit, touting the productive environment created by bilateral trade talks.
Stuart made the remarks at a news conference in Taoyuan at the vertical vegetable farming company YesHealth iFarm (源鮮智慧農場), which is to invest ￡18 million (US$25.5 million) to establish its first European base with a vertical farming factory in York, England.
“This is only the latest announcement in a pattern of mutual trade and investment that has flourished between our economies in recent years,” Stuart said, adding that the firm’s 14-story vertical farm is Asia’s largest indoor plant producer and is at the cutting edge of an industry that, while still in its early stages, has truly global implications.
Photo: Lu Yi-hsuan, Taipei Times
He also announced that frozen food manufacturer Han Dian Frozen Prepared Food Co (漢典食品) would invest ￡3.5 million to expand its UK manufacturing operation, following an initial investment in London in September last year.
Asked about the possibility of a trade deal between Taipei and London, Stuart said that the British government has had excellent trade talks with Taiwan and that they have been very productive since they were established.
“As we leave the EU, the first step is to roll over existing agreements, which countries around the world have so far indicated that they are happy to do,” Stuart said, adding that the UK’s next step would be looking to work closely with its allies around the world.
“For now, the trade talks between Taiwan and the UK provide a very productive environment to develop further links between the two countries,” he said, without elaborating.
The two nations, which saw two-way trade of ￡5.4 billion in 2016, concluded their 20th round of trade talks in London in December last year, where they reached a consensus to set up a dialogue platform this year to discuss agriculture and energy cooperation.
President Tsai Ing-wen (蔡英文) said in a meeting with Stuart at the Presidential Office on Monday that the two nations have been given a chance to upgrade the overall bilateral relationship, as the UK is preparing to form new trade relationships with important trading partners in the post-Brexit era.
In addition to agriculture and “green” energy, there are other key areas where Taiwan and the UK have mutual interests and cooperation, including biotech, artificial intelligence, infrastructure and railways, Stuart said.
“England was the first country in the world to develop civil nuclear power. We have tremendous experience in dealing with the end of life of nuclear plants. So there is a huge opportunity for British firms to support Taiwan in ... dealing with its nuclear legacies and developing ‘green’ renewables,” Stuart said.
The Ministry of Transportation and Communications yesterday inaugurated the Danjiang Bridge across the Tamsui River in New Taipei City, saying that the structure would be an architectural icon and traffic artery for Taiwan. Feted as a major engineering achievement, the Danjiang Bridge is 920m long, 211m tall at the top of its pylon, and is the longest single-pylon asymmetric cable-stayed bridge in the world, the government’s Web site for the structure said. It was designed by late Iraqi-British architect Zaha Hadid. The structure, with a maximum deck of 70m, accommodates road and light rail traffic, and affords a 200m navigation channel for boats,
PRECISION STRIKES: The most significant reason to deploy HIMARS to outlying islands is to establish a ‘dead zone’ that the PLA would not dare enter, a source said A High Mobility Artillery Rocket System (HIMARS) would be deployed to Penghu County and Dongyin Island (東引) in Lienchiang County (Matsu) to force the Chinese military to retreat at least 100km from the coastline, a military source said yesterday. Taiwan has been procuring HIMARS and Army Tactical Missile Systems (ATACMS) from the US in batches. Once all batches have been delivered, Taiwan would possess 111 HIMARS units and 504 ATACMS, which have a range of 300km. Considering that “offense is the best defense,” the military plans to forward-deploy the systems to outlying islands such as Penghu and Dongyin so that
WHAT WAS ALL THAT FOR? Jaw Shaw-kong said that Cheng Li-wen had pushed for more drastic cuts and attacked him, just for the outcome to be nearly identical to his bill The legislature yesterday passed a supplementary budget bill to fund the purchase of separate packages of US military equipment, with the combined amount of spending capped at NT$780 billion (US$24.8 billion). The Chinese Nationalist Party (KMT) and Taiwan People’s Party (TPP) used their legislative majority to pass the bill, which runs until 2033 and has two main funding provisions. One was for NT$300 billion of arms sales already approved by the US for Taiwan on Dec. 17 last year, the other was for NT$480 billion for another arms package expected to be announced by Washington. The bill, which fell short of the NT$1.25
‘CLEAR MESSAGE’: The bill would set up an interagency ‘tiger team’ to review sanctions tools and other economic options to help deter any Chinese aggression toward Taiwan US Representative Young Kim has introduced a bill to deter Chinese aggression against Taiwan, calling for an interagency “tiger team” to preplan coordinated sanctions and economic measures in response to possible Chinese military or political action against Taiwan. “[Chinese President] Xi Jinping [習近平] has directed the People’s Liberation Army to be ready to invade Taiwan by 2027. China has a plan. America should have one too,” Kim said in a news release on Thursday last week. She introduced the “Deter PRC [People’s Republic of China] aggression against Taiwan act” to “ensure the US has a coordinated sanctions strategy ready should
RSS