A senior Taiwanese minister said the self-ruled island is looking to be a “full member” of a U.S.-led economic framework in the Indo-Pacific region, given that Taipei is a “safe and reliable” partner and a key part of the global supply chain.
The paper also mentioned the Indo-Pacific Economic Framework that the Biden administration plans to launch early this year. The multilateral partnership will serve as the basis for increased U.S. trade, investment, and diplomatic relations with the Indo-Pacific, which the Trump Administration recognized as the “world’s center of gravity,” according to the report.
“We believe our participation will further strengthen this framework,” Deng said while delivering his keynote remarks on March 9. “Taiwan is a reliable and stable partner politically and economically.”
Over the past two years, Beijing has limited imports from Australia, including beef, coal, and grapes, in retaliation for its calling for an investigation into the origin of COVID-19. China also imposed tariffs on the country’s wine and barley.
“China’s political and military ambition, also let the world understand that they pose a threat to the world order,” Deng said at the online event. “I would like to urge the U.S. government, and I hope all the audience participating in the seminar today can help us convey this message to the U.S. government, that Taiwan would like to be a full member of this framework.”
Supply chain cooperation between Taiwan, a major semiconductor producer, and the United States was vital for both countries, he added. Washington has yet to spell out what exactly Biden’s envisaged economic framework will entail.
China has condemned the U.S. Indo-Pacific push, saying Washington is creating “exclusive clubs.”
“That being said, the U.S. is committed to deepening our trade and investment relationship with Taiwan,” the official said.
A senior U.S. diplomat said last month his country had “no intention” of engaging with China in its Indo-Pacific Economic Framework.