The US is working with Taiwan to restructure global supply chains under the shared values of transparency and accountability, American Institute in Taiwan (AIT) Director Brent Christensen said, according to a transcript released by AIT yesterday.
Christensen made the remarks on Tuesday at the International Investment Forum in Taipei hosted by the Mergers and Acquisitions and Private Equity Council of Taiwan.
The COVID-19 pandemic has exposed the risks of over-reliance on one country or supplier for critical materials, such as medical supplies and pharmaceuticals, and for industries that are of strategic importance to shared economies, Christensen said.
Photo: Peter Lo, Taipei Times
Washington aims to diversify and bring supply chains closer to end users, and ensure that countries like China do not hold supply chains hostage for political purposes, he said.
The US works with like-minded partners, including Taiwan, Japan and the EU, to develop new supply chains based on shared values, he added.
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) plans to boost investment in the US send “an unmistakable signal that the future of high-tech supply chains remains in the US-Taiwan nexus,” Christensen said.
Highlighting the importance of accountability, transparency, reciprocity, respect for the rule of law and human rights, he said: “We would call these American values. We would also call them Taiwan values.”
At another forum in Taipei yesterday, the AIT and the Taipei Economic and Cultural Representative Office in the US issued a joint declaration on 5G security, echoing the Prague Proposals.
The Prague Proposals resulted from a 5G security conference hosted by the Czech Republic in May last year, and attended by officials and experts from more than 30 countries.
The US’ 5G Clean Path, announced by US Secretary of State Mike Pompeo in April, is an end-to-end communication that does not use any transmission, control, computing, or storage equipment from extremely problematic, untrusted IT vendors, such as Huawei Technologies Co (華為) and ZTE Corp (中興), Christensen said at yesterday’s forum.
The joint statement said that 5G suppliers should provide products and services that enable fair competition and downstream development by the maximum number of market participants.
It listed four criteria for evaluating 5G suppliers: Network hardware and software suppliers should not be subject, without independent judicial review, to control by a foreign government; suppliers should be financed openly and transparently; they should have transparent ownership, partnerships and corporate governance structures; and they should exemplify a commitment to innovation and respect for intellectual property rights.
Taiwan, on the front line of cyberdefense, has pre-emptively excluded hardware and software with cybersecurity risks, Minister of Foreign Affairs Joseph Wu (吳釗燮) said.
All of Taiwan’s 5G suppliers — Chunghwa Telecom Co (中華電信), Taiwan Mobile Co (台灣大哥大), Far EasTone Telecommunications Co (遠傳電信), Asia Pacific Telecom Co (亞太電信) and Taiwan Star Telecom Co (台灣之星) — are listed in the US’ Clean Path, showing that Taiwan is a trustworthy partner, he said.
The joint declaration signals that Taiwan-US cooperation in protecting cybersecurity has become institutionalized, Wu said, adding that Taiwan would continue to work with the US and other like-minded countries to develop 5G network standards.
RESPONSE: The transit sends a message that China’s alignment with other countries would not deter the West from defending freedom of navigation, an academic said Canadian frigate the Ville de Quebec and Australian guided-missile destroyer the Brisbane transited the Taiwan Strait yesterday morning, the first time the two nations have conducted a joint freedom of navigation operation. The Canadian and Australian militaries did not immediately respond to requests for comment. The Ministry of National Defense declined to confirm the passage, saying only that Taiwan’s armed forces had deployed surveillance and reconnaissance assets, along with warships and combat aircraft, to safeguard security across the Strait. The two vessels were observed transiting northward along the eastern side of the Taiwan Strait’s median line, with Japan being their most likely destination,
GLOBAL ISSUE: If China annexes Taiwan, ‘it will not stop its expansion there, as it only becomes stronger and has more force to expand further,’ the president said China’s military and diplomatic expansion is not a sole issue for Taiwan, but one that risks world peace, President William Lai (賴清德) said yesterday, adding that Taiwan would stand with the alliance of democratic countries to preserve peace through deterrence. Lai made the remark in an exclusive interview with the Chinese-language Liberty Times (sister paper of the Taipei Times). “China is strategically pushing forward to change the international order,” Lai said, adding that China established the Asia Infrastructure Investment Bank, launched the Belt and Road Initiative, and pushed for yuan internationalization, because it wants to replace the democratic rules-based international
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
The National Development Council (NDC) yesterday unveiled details of new regulations that ease restrictions on foreigners working or living in Taiwan, as part of a bid to attract skilled workers from abroad. The regulations, which could go into effect in the first quarter of next year, stem from amendments to the Act for the Recruitment and Employment of Foreign Professionals (外國專業人才延攬及僱用法) passed by lawmakers on Aug. 29. Students categorized as “overseas compatriots” would be allowed to stay and work in Taiwan in the two years after their graduation without obtaining additional permits, doing away with the evaluation process that is currently required,
RSS