Taiwan’s plan to build its own submarines might have received a boost from the US-Taiwan Defense Industry Conference that concluded on Tuesday.
“The program now has a trajectory to it that is increasingly encouraging,” US-Taiwan Business Council president Rupert Hammond-Chambers said.
Speaking at the closing press conference, he said that Taiwan’s defense policy was moving toward increased domestic involvement and development.
“That direction fits with the notion of Taiwan’s indigenous submarine program,” Hammond-Chambers said.
He said that the scope of the program would be determined by the next presidents in both nations.
“We are just starting a four-year program with a relatively low amount of money, so the pace of this will be relatively slow, but the door has been opened,” Hammond-Chambers said.
He said that the presence of 19 Taiwanese companies at this year’s conference — the most ever — was “extremely encouraging.”
The US business community would now focus on broadening the number of companies it works with in Taiwan not just on the submarine program, but also on cyberwarfare issues, surface warfare, and the indigenous development of training aircraft and jet fighters, he said.
“We are looking at all of Taiwan’s defense requirements through an increasingly broad prism of domestic development,” Hammond-Chambers said.
He said the large Taiwanese delegation had been very active seeking out potential US business partners during the conference.
“Indigenous development is an essential part of Taiwan’s future defense and defense policy,” he added.
He was also optimistic that the Trans-Pacific Partnership (TPP) trade deal would eventually be passed by the US Congress and that Taiwan would gain membership in the second round of negotiations.
“I cannot conceive of Taiwan outside of the TPP for economic and strategic reasons,” Hammond-Chambers said.
He said there were still some significant economic and political issues for Taiwan to deal with, particularly in agriculture, financial transactions, mergers and acquisitions, the ability of capital to flow in and out of the nation freely, and access to investment in certain areas.
However, he insisted that he had been assured by the White House that China would not be a consideration in assessing Taiwan’s candidacy as a member of the TPP.
Hammond-Chambers said it is likeley that China would try to pressure other TPP members to blackball Taiwan’s entry bid.
“There will be hard negotiations, and securing Taiwan’s entry is going to require leadership from the US and Japan, and from other economies,” he said.
“The Chinese will look for a country they can pick off and pressure,” he added.
Hammond-Chambers said that the US business community should focus on making the case for Taiwan’s inclusion in the TPP.
A NT$39 receipt for two bottles of tea at a FamilyMart was among the NT$10 million (US $312,969) special prize winners in the January-February uniform invoice lottery. FamilyMart said that two NT$10 million-winning receipts were issued at its stores, as well as two NT$2 million grand prizes and three NT$200,000 first prizes. The two NT$10 million receipts were issued at stores in Pingtung County and Yilan County’s Dongshan Township (冬山). One winner spent just NT$39 on two bottles of tea, while another spent NT$80 on water, tea and coffee, the company said. Meanwhile, 7-Eleven reported three NT$10 million winners — in New Taipei
Considering that most countries issue more than five denominations of banknotes, the central bank has decided to redesign all five denominations, the bank said as it prepares for the first major overhaul of the banknotes in more than 24 years. Central bank Governor Yang Chin-lung (楊金龍) is expected to report to the Legislative Yuan today on the bank’s operations and the redesign’s progress. The bank in a report sent to the legislature ahead of today’s meeting said it had commissioned a survey on the public’s preferences. Survey results showed that NT$100 and NT$1,000 banknotes are the most commonly used, while NT$200 and NT$2,000
ANNUAL EVENT: Two massive Pokemon balloons are to be set up in Daan Park, with an event zone operating from 10am to 6pm This year’s Taipei Floral Picnic is to be held at Daan Park today and tomorrow, featuring an exclusive Pokemon Go event, a themed food market, a coffee rave picnic area and stage performances, the Taipei Department of Information and Tourism said yesterday. Two massive Pokemon balloons are to be set up in the park as attractions, with an exclusive event zone operating from 10am to 6pm, it said. Participants who complete designated tasks on-site would have a chance to receive limited-edition souvenirs, it added. People could also try the newly launched game Pokemon Pokopia in the trial area, the department said. Three PokeStops are
Taiwan is concerned that China could exploit the US’ war in the Middle East, with state media citing examples from the conflict to cast doubt on the efficiency of US weapons Taiwan would use to repel an invasion. Taiwanese officials said the resumption of Beijing’s large-scale air force incursions near Taiwan after an unusual decline show that China wants to take advantage of the redeployment of US forces from East Asia to the Middle East. “This is a moment for China to exercise influence,” a senior Taiwanese security official said, speaking on condition of anonymity. “What China is trying to create is a