Taiwan and the US are to collaborate on infrastructure funding in Asia and Latin America, which would boost Taiwan’s clout in the international community, Minister of Finance Su Jain-rong (蘇建榮) said yesterday.
The Framework to Strengthen Infrastructure, Finance and Market Cooperation, alongside the New Southbound Policy and the US’ Indo-Pacific strategy, would allow Taiwan to initiate dialogue with more friendly countries in the region, while allowing Taiwanese firms to branch out into regional debt markets, Su said.
The Ministry of Economic Affairs, the Ministry of Finance, the Ministry of Transportation and Communications, and the Financial Supervisory Commission would be in charge of four task forces with direct access to the US, he said.
Photo: Liao Chen-huei, Taipei Times
Taiwan has extensive business interactions with Southeast Asian countries such as Vietnam and Thailand, and nine of the remaining 15 countries that officially recognize its government are in Latin America or the Caribbean.
Su said that a memorandum of understanding — signed on Sept. 17 — for the framework was a “new model to deepen ties.”
As stipulated by the framework, the Ministry of Finance and the US Department of the Treasury are to establish the task forces to facilitate collaborative projects for infrastructure — government and private — via investment.
American Institute in Taiwan Director Brent Christensen said that experts would meet this fall to discuss how to promote the restructuring of regional supply chains.
US clients have been a driving force in the relocation of supply chains composed of Taiwanese-owned technology and household appliance businesses back to Taiwan from China, Christensen said.
Minister of Foreign Affairs Joseph Wu (吳釗燮) said that the framework has symbolically taken Taiwan-US relations to another level.
Both sides would continue to explore possible avenues of collaboration, Wu said.
National Development Council (NDC) Minister Kung Ming-hsin (龔明鑫) said that the framework’s signing shows that Taiwan is more capable and confident of making contributions in the international community and that the nation would strive to make the most of its contributions in regional construction efforts.
Presidential Office spokesman Xavier Chang (張惇涵) said that the framework, on top of a delegation headed by US Undersecretary of State for Economic Growth, Energy and the Environment Keith Krach that visited Taiwan from Sept. 17 to 20, showed that the Taiwan-US relationship was advancing to another level.
Whether it is for national development or to fulfill Taiwan’s obligations as a member of the international community, the nation must have more significant participation in global affairs, Chang said, adding that this includes ongoing collaborations with the US in the Indo-Pacific region.
Chang attributed the framework and Krach’s visit to the government’s diplomacy strategy, adding that the government was moving forward one step at a time.
Taiwan would continue to deepen collaborations with the US on all fronts and industries, and attempt to create mutually beneficial scenarios, Chang said.
COMMUNICATION: A US representative said that Starshield is inactive in and around Taiwan, which could put US military personnel at risk in the Western Pacific in a conflict Space Exploration Technologies Corp (SpaceX) might have contravened its Pentagon contract by not providing access to its satellite communication network Starshield in and around Taiwan, a letter from a US House of Representatives committee to the company said. In September last year, the US Department of Defense awarded SpaceX a one-year contract for Starshield access, worth US$100 million. A few months before that, the Pentagon also commissioned SpaceX’s Starlink satellite network to be used by Ukrainian forces amid Russia’s invasion. Starshield is a derivative of Starlink intended for military use. SpaceX has long worked closely with the US military and intelligence agencies, which
TWO REPORTS: The body called on EU states to support the meaningful participation of Taiwan in international organizations, as well as closer cooperation with the nation The European Parliament has backed deepening ties with Taiwan and voiced concern about heightened tension across the Taiwan Strait in reports on two major security policies, which include a passage denying that Taiwan is subordinate to China. The parliament adopted the annual report on the implementation of the Common Foreign and Security Policy in a vote of 338 in favor, 86 against and 122 abstentions during a plenary session from Monday to yesterday. It also passed the annual report on the implementation of the Common Security and Defense Policy in a vote of 350 in favor, 91 against and 96 abstentions. “Neither Taiwan
WAR GAMES: While US and Japanese militaries practice coordinating troops to stage landings, Taiwan is next month to test artillery and uncrewed aerial surveillance vehicles The US Marine Corps and the Japan Ground Self-Defense Force have begun a military drill to simulate the retaking of outlying islands in Kyushu and Okinawa Prefecture in a conflict scenario, the Sankei Shimbun reported yesterday. The drill, commonly known as “Iron Fist,” has been held in the US since 2006 before being moved to Japan for the first time this year, it said. The large-scale operations are conducted with a possible “Taiwan emergency” in mind, aiming to keep China in check, it said. Unlike last year’s exercises, which focused on on-site training, this year’s maneuvers include strategy formulation and command for each
NEVER FORGET: Feb. 28 is a day to demand justice and redress, and remember the long, hard road Taiwanese walked to democracy, Tainan Mayor Huang Wei-che said President-elect William Lai (賴清德) yesterday said he would work to safeguard the nation’s security and democracy to ensure freedom and economic prosperity, and that the tragic events of the 228 Incident “never happen in Taiwan again.” The Incident refers to the indiscriminate killing of a person in a crowd on Feb. 27, 1947, and the gunning down by the then-Chinese Nationalist Party (KMT) government of protesters at a resulting demonstration the next day. It was followed by a brutal crackdown. Estimates of the number of eventual deaths vary from 10,000 to more than 30,000. The Incident was closely followed by the White