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.
People can preregister to receive their NT$10,000 (US$325) cash distributed from the central government on Nov. 5 after President William Lai (賴清德) yesterday signed the Special Budget for Strengthening Economic, Social and National Security Resilience, the Executive Yuan told a news conference last night. The special budget, passed by the Legislative Yuan on Friday last week with a cash handout budget of NT$236 billion, was officially submitted to the Executive Yuan and the Presidential Office yesterday afternoon. People can register through the official Web site at https://10000.gov.tw to have the funds deposited into their bank accounts, withdraw the funds at automated teller
PEACE AND STABILITY: Maintaining the cross-strait ‘status quo’ has long been the government’s position, the Ministry of Foreign Affairs said Taiwan is committed to maintaining the cross-strait “status quo” and seeks no escalation of tensions, the Ministry of Foreign Affairs (MOFA) said yesterday, rebutting a Time magazine opinion piece that described President William Lai (賴清德) as a “reckless leader.” The article, titled “The US Must Beware of Taiwan’s Reckless Leader,” was written by Lyle Goldstein, director of the Asia Program at the Washington-based Defense Priorities think tank. Goldstein wrote that Taiwan is “the world’s most dangerous flashpoint” amid ongoing conflicts in the Middle East and Russia’s invasion of Ukraine. He said that the situation in the Taiwan Strait has become less stable
REASSURANCE: The US said Taiwan’s interests would not be harmed during the talk and that it remains steadfast in its support for the nation, the foreign minister said US President Donald Trump on Friday said he would bring up Taiwan with Chinese President Xi Jinping (習近平) during a meeting on the sidelines of the APEC Summit in South Korea this week. “I will be talking about Taiwan [with Xi],” Trump told reporters before he departed for his trip to Asia, adding that he had “a lot of respect for Taiwan.” “We have a lot to talk about with President Xi, and he has a lot to talk about with us. I think we’ll have a good meeting,” Trump said. Taiwan has long been a contentious issue between the US and China.
Japanese Prime Minister Sanae Takaichi yesterday lavished US President Donald Trump with praise and vows of a “golden age” of ties on his visit to Tokyo, before inking a deal with Washington aimed at securing critical minerals. Takaichi — Japan’s first female prime minister — pulled out all the stops for Trump in her opening test on the international stage and even announced that she would nominate him for a Nobel Peace Prize, the White House said. Trump has become increasingly focused on the Nobel since his return to power in January and claims to have ended several conflicts around the world,
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