Us Secretary of State Mike Pompeo announced today (November 11) that Deputy Secretary of State Joe Cratch will lead the US team to the Economic dialogue with Taiwan on November 20. Hsiao Mei-chin, Taiwan’s representative to the United States, said the bilateral dialogue would be conducted with video and entities. Taiwan’s deputy economic chief, Chen Zhengqi, will lead the team to Washington, while other officials will participate in the talks via video link.
The U.S. made two trips to Taiwan in August and September, one by Health and Human Services Secretary Alex Axar and the other by Mr. Crouch. Mr Crouch, who has been put in charge of new bilateral talks with Taiwan, is the most senior State Department official to visit the island in four decades. Pompeo said the U.S.-Taiwan economic dialogue will help strengthen bilateral cooperation in various areas, including 5G network infrastructure, secure supply chains, public health and more. He noted that the dialogue will be chaired by the U.S. representative to Taiwan and Taiwan’s representative to Washington. “The dialogue shows that the United States’ economic relationship with Taiwan, a vibrant democracy and reliable partner, remains strong and continues to grow,” he said.
Mr Krutch noted that he had met with many of Taiwan’s corporate chief executives, including dinner with TSMC founder Dominic Chang. He said the two sides would continue to discuss ways to strengthen cooperation, and that the United States is working with Taiwan in a number of areas. He also noted that he had worked in Silicon Valley in the United States, as a vice executive at General Motors, when Taiwan was already an excellent economic partner for the United States.
Taiwan’s President Tsai Ing-wen announced on August 28 that she would ease imports of US beef and pork, and the US State Department announced on August 31 that it would create a bilateral commercial dialogue between the US and Taiwan, cNA reported. The new high-level annual Economic Dialogue will provide a platform to strengthen ECONOMIC ties between the United States and Taiwan on priority issues, including reconfiguring the technology and medical product supply chains, strengthening investment screening and intellectual property protection, and expanding cooperation in the infrastructure and energy sectors, the AIT said in a press release.
As for the details of the economic dialogue, Xiao said both sides have taken into account coVID-19 prevention measures, so the dialogue will be conducted in the form of physical and video communication. The physical segment will be held in Washington D.C. and will last for one day. She also wrote on Twitter: “Taiwan’s representative in Washington welcomes the economic Prosperity Partnership dialogue, which will help strengthen the strong economic relationship between the US and Taiwan. Taiwan plans to lead a visit by Chen Zhengqi.”
Referring to the bilateral economic dialogue to be held after the US presidential election, Chen Zhengqi said that Taiwan’s economic authorities have been cautiously optimistic since the start of the dialogue, the United Daily News reported Tuesday. As for the U.S. -china Investment Architecture Agreement (TIFA) and the U.S. -china Bilateral Trade Agreement (BTA), Taiwanese officials said the U.S. government is integral and consistent, and will not stop negotiating just because of political party succession. They reiterated that these are issues that must continue to be pushed forward because they are important to both the U.S. and Taiwan.
Chen also mentioned earlier that after Biden’s victory, US-Taiwan relations will continue to strengthen. Taiwan has lifted barriers to US pork imports containing Lai Chi and won bipartisan support from US lawmakers to sign the BTA. Meanwhile, the meeting held by TIFA is the cornerstone of BTA and there is a very high chance to resume TIFA negotiations in the future.