US, Taiwan Increase Economic Cooperation

Tue, 24 Nov 2020

US, Taiwan Increase Economic Cooperation

Voice of America
21 Nov 2020, 19:35 GMT+10

The United States and Taiwan signed a five-year agreement Friday in Washington to create an annual U.S.-Taiwan Economic Prosperity Partnership Dialogue to increase bilateral cooperation.

The Washington meeting covered economic areas such as supply chains, investment screening and renewable energy.

"Future EPP Dialogues will help strengthen the U.S.-Taiwan economic relationship, further magnify the two societies' respect for democracy, and strengthen our shared commitment to free markets, entrepreneurship, and freedom," the U.S. State Department said in a statement.

The U.S. delegation was headed by the Undersecretary of State for Economic Growth, Energy, and the Environment Keith Krach, and the Taipei delegation by Taiwanese minister without portfolio John Deng.

U.S. officials from the American Institute in Taipei, the de facto U.S. Embassy for Taiwan, and the Taiwan government officials participated in the meeting virtually.

The EPP Dialogue will operate under the auspices of the AIT and the Taipei Economic and Cultural Representative Office.

According to data from the United States Trade Representative's office, U.S. trade with Taiwan in 2019 amounted to $103.9 billion.

Under the Trump administration, U.S. has been selling more advanced weapons to Taiwan, including Harpoon missile systems announced in October, at a cost of $2.37 billion.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Taiwan Sun.

More Information

22 ℃

Mostly Cloudy in Taipei/Songshan

Business

Section

Irish government to help small business sector cope with Brexit

DUBLIN, Ireland - The Irish government on Monday opened a new scheme to help small businesses prepare for Britain's exit ...

Mixed performance for Asian stocks Monday, greenback slides

SYDNEY, NSW, Australia - Stocks in Japan and Hong Kong were sold off on Monday, however in mainland China and ...

Brits and Canadians agree to transitional trade pact for after Brexit

OTTAWA, Canada, November 22 (ANI): Canada and the United Kingdom have reached an interim post-Brexit trade agreement, Canadian Prime Minister ...

France to ease restrictions between now and January

PARIS, France - Aware that the French are becoming weary of lockdown and need to have a better sense of ...

Dublin Airport's Terminal 2, ten years on

DUBLIN, Ireland - Dublin Airport this week marked the tenth anniversary of Terminal 2.Since it opened on 19 November, 2010 ...

Last minute attempt by Trump administration to lower drug prices

WASHINGTON, DC - Trying to close out major unfinished business, the Trump administration issued regulations Friday that could lower the ...

International

Section

U.S. pulls out of international open skies treaty

WASHINGTON, DC - The United States is no longer a party to the Open Skies Treaty. The U.S, formerly left ...

U.S. records 1 million Covid cases in past week, total now exceeds 12m

WASHINGTON, DC - The number of people to have contracted Covid-19 in the United States reached, and surpassed, 12 million ...

U.S. president spotted at golf course during G20 Covid-19 talks

WASHINGTON, DC - November 22 (ANI): U.S. President Donald Trump, who participated in his final Group of 20 summit on ...

Three convicted murderers to face execution before Trump leaves office

WASHINGTON, DC - The Trump administration is to execute three more prisoners on Death Row, prior to Mr Trump leaving ...

World Covid-19 cases at highest level ever

More cases of COVID-19 have been reported in the past four weeks than in the first six months of the ...

Barrage of rockets hit Afghan capital killing eight, wounding dozens

KABUL, Afghanistan - At least eight people were killed Saturday when a barrage of rockets struck densely populated parts of ...

Movie Review

Marriage Story