Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

Taiwan aims for British trade deal

REUTERS

TAIPEI — Taiwan hopes to sign a trade deal with Britain and deepen cooperation with new Prime Minister Rishi Sunak’s government, President Tsai Ing-wen told a British minister visiting Taipei on Wednesday in defiance of Chinese demands such trips stop.

Taiwan views Britain as an important democratic partner and has been heartened by its concern over recent Chinese military exercises near the island and support for its participation in international organizations, most of which Taiwan is excluded from due to China’s opposition.

China claims democratically governed Taiwan as its own territory and strongly objects to any official interactions between the island and foreign governments, believing it to be support for Taiwan’s desire to be recognized as its own country.

Meeting Minister of State for Trade Greg Hands at the presidential office in Taipei, Ms. Tsai thanked Britain for its long-term support of Taiwan’s international participation and peace and stability in the Taiwan Strait.

“We attach great importance to the British proposal to promote an enhanced trade partnership between Taiwan and Britain,” Ms. Tsai said.

“Our goal is to strengthen mutually beneficial economic and trade exchanges between Taiwan and Britain and we hope Taiwan and Britain will work together to promote the signing of bilateral investment and trade agreements”.

Taiwan, a major computer chip producer, was willing to “make the best allocations” to help the world on restructuring the semiconductor supply chain, and looked forward to working with democratic allies like Britain to build a more resilient global supply network, she said.

Taiwan also hoped Britain could “smoothly” join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, and support Taiwan’s membership of the trade group, Ms. Tsai said.

“I hope that with the support of the new government, Taiwan-Britain relations will continue to improve and there will be more results from our cooperation.”

Britain has no formal diplomatic ties with Taiwan but the two have close economic and informal relations and Britain maintains a de facto embassy in Taipei.

Mr. Hands, in Taiwan for trade talks, told Ms. Tsai that their relationship was not only about that.

“Our relationship reaches beyond trade and investment — as two groups of islands with strong democracies and institutions, we have much in common, and face many challenges as likeminded partners,” Mr. Hands’ office quoted him as saying.

China’s foreign ministry this week expressed anger at the trip, saying Britain should stop any official exchanges with Taiwan. — Reuters

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Editor's Pick

The Board of Investments (BoI) has cleared Sinoma Energy Conservation (Cebu) Waste Heat Recovery Co. Inc. to serve as the operator of a 4.5-megawatt...

Economy

In the wake of Covid-19, people are working harder than ever. While many of us thought productivity may dip when we started working from...

Economy

Few individuals can resist the temptation to try before they buy; therefore, it was only a matter of time until online casinos realized this...

Forex

At a time when the world is battling to get through the dreaded coronavirus pandemic, protective face masks have come out to be the...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.