Trade initiative with U.S. 'golden opportunity' for Taiwan: President Tsai

06/29/2022 09:51 PM
To activate the text-to-speech service, please first agree to the privacy policy below.
CNA file photo
CNA file photo

Taipei, June 29 (CNA) President Tsai Ing-wen (蔡英文) said Wednesday that a "golden opportunity" has been created for Taiwan with the launch of an initiative by the United States to lay the groundwork for the advancement of bilateral trade.

In a social media post, Tsai expressed thanks to Taiwan's chief trade negotiator John Deng (鄧振中), top envoy to the United States Hsiao Bi-khim (蕭美琴), and other members of a Taiwan delegation who recently participated in the first meeting held under the "U.S.-Taiwan Initiative on 21st-Century Trade," in Washington, D.C.

The launch of the initiative came amid a focus on the role of the semiconductor industry in the global supply chain, in which Taiwan is a major player, Tsai said.

The global business environment has been changing rapidly due to the trade war between the U.S. and China and the COVID-19 pandemic, she said.

Taiwan, meanwhile, has not only managed to maintain steady economic growth and its technological edge, but has also obtained a "golden opportunity" to transform its economy by facilitating the U.S.' bilateral trade initiative, Tsai said.

The launch of the initiative signaled a major breakthrough in U.S.-Taiwan relations, she said, adding that she expects subsequent negotiations to strengthen bilateral trade and lead to a high-quality and forward-looking trade agreement between the two countries.

The initiative was unveiled earlier this month by the administration of U.S. President Joe Biden, after Taiwan was excluded from the Indo-Pacific Economic Framework, a U.S.-led multilateral partnership involving 12 other countries, which has been touted as a counterweight to China's aggressive expansion in the region.

(By Wen Kuei-hsiang and Shih Hsiu-chuan)


> Chinese Version
    We value your privacy.
    Focus Taiwan (CNA) uses tracking technologies to provide better reading experiences, but it also respects readers' privacy. Click here to find out more about Focus Taiwan's privacy policy. When you close this window, it means you agree with this policy.