A delegation led by US Senator Tammy Duckworth met with President William Lai (賴清德) at the Presidential Office yesterday.
Lai welcomed the delegation and thanked the US Congress and government for its long-term bipartisan support for Taiwan.
Taiwan would continue to boost cooperation with the US to maintain peace and stability in the region, he said.
Photo courtesy of the Presidential Office
Taipei has mapped out a pathway for Taiwan-US trade relations, and encourages companies in both nations to invest more in the markets, Lai said, adding that he looks forward to deepening ties and creating a mutual niche.
Duckworth said that aside from military cooperation, Taiwan and the US have many other development opportunities, including in semiconductor chip production, agricultural investments, the shipbuilding industry and healthcare.
Two-way investment would benefit the stability and development of the two sides, she said, adding that she would continue to promote Taiwan-US relations.
Photo courtesy of the Presidential Office
Duckworth’s delegation, which arrived yesterday and is to depart today, was also to meet with Vice President Hsiao Bi-khim (蕭美琴) and Minister of Foreign Affairs Lin Chia-lung (林佳龍), and visit agencies to discuss defense, economic and cross-strait issues, the Ministry of Foreign Affairs said in a statement.
Duckworth last visited Taiwan in May last year, soon after Lai and Hsiao were sworn in, the statement said.
She announced a US donation of COVID-19 vaccines to Taiwan during her June 2021 visit, when Taiwan was in need of vaccines at the height of the pandemic, it said, adding that she is a staunch supporter of Taiwan.
There are three US delegations in Taiwan, the others being a group from the US House of Representatives led by US Representative Bruce Westerman, chairman of the House Committee on Natural Resources, and a group led by Guam Governor Lourdes Leon Guerrero.
The American Institute in Taiwan (AIT) said in a separate statement that Duckworth’s delegation was also to visit other places in the Indo-Pacific region.
“The delegation will engage in a series of high-level meetings with senior Taiwan leaders to discuss US-Taiwan relations, regional security, trade and investment, and other significant issues of mutual interest,” the AIT said.
“The visit underscores the United States’ commitment to its partnership with Taiwan and reaffirms our shared commitment to strengthening a free and open Indo-Pacific,” it said.
Taiwan faces 32 percent tariffs announced by the administration of US President Donald Trump, a figure that Taipei is attempting to negotiate downward without angering sectors such as agriculture, which fear that lower tariffs could open their markets to heightened competition from abroad.
Separately, Lai on Tuesday reiterated Taiwan’s commitment to deepening economic ties with the US, highlighting the nation’s desire to work with Washington in building a “non-red” supply chain.
During a meeting with Westerman’s delegation in Taipei, Lai said that Taiwan would continue to purchase US goods, including energy, agricultural and industrial products, as well as military equipment.
Such purchases would help balance bilateral trade and bolster Taiwan’s economic security, and also boost its energy autonomy and resilience, he said.
Lai said that Taiwan is willing to play a role in supporting US efforts to “reindustrialize” and become a global leader in artificial intelligence.
Taiwan hopes to boost industrial cooperation with the US and jointly develop a “non-red” supply chain, referring to manufacturing networks free from Chinese influence, he said.
Westerman said his delegation was keenly interested in the outcome of trade negotiations over tariffs between Taipei and Washington, and expressed optimism about expanding collaboration.
CHAOS: Iranians took to the streets playing celebratory music after reports of Khamenei’s death on Saturday, while mourners also gathered in Tehran yesterday Iranian Supreme Leader Ayatollah Ali Khamenei was killed in a major attack on Iran launched by Israel and the US, throwing the future of the Islamic republic into doubt and raising the risk of regional instability. Iranian state television and the state-run IRNA news agency announced the 86-year-old’s death early yesterday. US President Donald Trump said it gave Iranians their “greatest chance” to “take back” their country. The announcements came after a joint US and Israeli aerial bombardment that targeted Iranian military and governmental sites. Trump said the “heavy and pinpoint bombing” would continue through the week or as long
TRUST: The KMT said it respected the US’ timing and considerations, and hoped it would continue to honor its commitments to helping Taiwan bolster its defenses and deterrence US President Donald Trump is delaying a multibillion-dollar arms sale to Taiwan to ensure his visit to Beijing is successful, a New York Times report said. The weapons sales package has stalled in the US Department of State, the report said, citing US officials it did not identify. The White House has told agencies not to push forward ahead of Trump’s meeting with Chinese President Xi Jinping (習近平), it said. The two last month held a phone call to discuss trade and geopolitical flashpoints ahead of the summit. Xi raised the Taiwan issue and urged the US to handle arms sales to
BIG SPENDERS: Foreign investors bought the most Taiwan equities since 2005, signaling confidence that an AI boom would continue to benefit chipmakers Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) market capitalization swelled to US$2 trillion for the first time following a 4.25 percent rally in its American depositary receipts (ADR) overnight, putting the world’s biggest contract chipmaker sixth on the list of the world’s biggest companies by market capitalization, just behind Amazon.com Inc. The site CompaniesMarketcap.com ranked TSMC ahead of Saudi Aramco and Meta Platforms Inc. The Taiwanese company’s ADRs on Tuesday surged to US$385.75 on the New York Stock Exchange, as strong demand for artificial intelligence (AI) applications led to chip supply constraints and boost revenue growth to record-breaking levels. Each TSMC ADR represents
Pro-democracy media tycoon Jimmy Lai’s (黎智英) fraud conviction and prison sentence were yesterday overturned by a Hong Kong court, in a surprise legal decision that comes soon after Lai was jailed for 20 years on a separate national security charge. Judges Jeremy Poon (潘兆初), Anthea Pang (彭寶琴) and Derek Pang (彭偉昌) said in the judgement that they allowed the appeal from Lai, and another defendant in the case, to proceed, as a lower court judge had “erred.” “The Court of Appeal gave them leave to appeal against their conviction, allowed their appeals, quashed the convictions and set aside the sentences,” the judges