Taiwan, U.S. hold 4th Economic Prosperity Partnership Dialogue

Taipei, Dec. 8 (CNA) The fourth U.S.-Taiwan Economic Prosperity Partnership Dialogue (EPPD) took place on Friday with both virtual and physical meetings in Taipei and Washington D.C.

Minister of Economic Affairs Wang Mei-hua (王美花) and U.S. Under Secretary for Economic Growth, Energy, and the Environment Jose W. Fernandez led the online dialogue, joined by Deputy Foreign Minister Roy Chun Lee (李淳) and other representatives from the economic affairs ministry and Ministry of Finance.

Deputy Minister of Economic Affairs Chen Chern-chyi (陳正祺) also led a delegation to the U.S. for a meeting in Washington.

The dialogue featured extensive discussions on responding to economic coercion, supply chain investment, secure and sustainable energy transition and possible future cooperation, according to the Ministry of Foreign Affairs.

The two sides will strengthen the resilience and security of the supply chain for critical minerals, and cooperate on the enlargement of talent training for the semiconductor industry, to meet the development needs of artificial intelligence and the smart automation of industries, said the foreign ministry.

To accelerate the achievement of net-zero greenhouse gas emissions, both Taiwan and the U.S. have also agreed that there will be more technological exchanges between experts from the two countries on energy transition and have drafted plans on tasks to be undertaken over the next two years.

The two sides were also positive about the progress being made toward signing an agreement on the avoidance of double taxation.

The inaugural EPPD was held in November 2020 under the auspices of the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office to advance cooperation on a broad range of economic issues and forge closer ties between the two economies.