Taiwan-U.S. Economic Dialogue Scheduled

  • This dialogue will be hosted by the American Association in Taiwan and the Taipei Economic and Cultural Representative Office
  • Taiwan’s President Tsai Ing-wen announced in August that it would open imports of American pork and beef that meet specific standards to Taiwan.
  • Some people speculate whether President Biden will continue some of the Taiwan policy during Trump's administration.

US Secretary of State Mike Pompeo announced that an economic dialogue will be held with Taiwan on November 20. With Democratic candidate Joe Biden’s victory in the presidential election, experts predict that Biden’s team will continue to enhance economic and trade relations with Taiwan.

Mike Pompeo is an American politician, diplomat, businessman, and attorney who, since April 2018, has served as 70th United States secretary of state. He is a former United States Army officer and was Director of the Central Intelligence Agency from January 2017 until April 2018.

Secretary Pompeo stated in a press conference on November 10 that Keith Krach, Undersecretary of the State Department, who visited Taiwan in September, will host the United States on November 20.

This dialogue with Taiwan’s economic prosperity partners will be hosted by the American Association in Taiwan and the Taipei Economic and Cultural Representative Office.

Pompeo said that this conversation will include topics such as a secure supply chain, a clean 5G network, and health and safety.

“The dialogue signifies that our economic relationship with Taiwan, a vibrant democracy and a reliable partner — is strong and growing,” Pompeo said.

According to Taiwan’s Central News Agency, Taiwan’s representative to the United States, Xiao Meiqin, said after the news that he welcomed Pompeo’s announcement that the United States and Taiwan had begun an economic dialogue.

She also pointed out that taking into account the impact of the new coronavirus epidemic, this economic dialogue will take the form of physical meetings and video conferences at the same time.

The physical meeting will be held in Washington. Taiwan will be attended by a delegation led by Chen Zhengqi, Deputy Minister of Economic Affairs, and other government officials will participate through video. The Central News Agency reported that the dialogue is expected to last one day.

Reuters reported that the United States sent high-ranking officials to visit Taiwan in August and September this year. Such a move also angered China.

When Undersecretary Krach visited Taiwan in September this year, he became the highest-ranking official of the U.S. State Department to visit Taiwan in the past 40 years. At that time, Krach was also assigned to lead the economic dialogue between Taiwan and the United States.

In order to strengthen trade relations with the United States, Taiwan’s President, Tsai Ing-wen, announced in August that it would open imports of American pork and beef that meet specific standards to Taiwan. Reuters pointed out that the plan is expected to take effect in January next year.

Under Secretary of State Keith Krach arriving in Taipei, the capital of Taiwan

Taiwan-US Economic Relations will Remain Active

As the Democratic candidate for President, Joe Biden, won the US presidential election last week, the United States expects that a new president will enter the White House in January next year.

In this regard, some people also speculate whether President Biden will continue some of the Taiwan policy during Trump’s administration.

Gerrit van der Wees, an expert on Taiwan issues at George Mason University in the United States, told Reuters that Biden should continue to strengthen Taiwan-US economic and trade relations after he takes office. He said “Biden should want to strengthen such a bilateral plan.”

Former Director of the American Institute in Taiwan, Douglas Paal, told Reuters that there are many people in the Biden team who have been focusing on Taiwan issues for a long time, and there are many signs that after the Biden administration takes office, it will continue to increase its relationship with Taiwan.

Last month, Biden’s important aide to the Senate, Frank Jannuzi, wrote in a commentary that the United States should give priority to negotiations on a free trade agreement with Taiwan. This will further encourage the United Kingdom, the European Union, and Japan to also negotiate with Taiwan.

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Doris Mkwaya

I am a journalist, with more than 12 years of experience as a reporter, author, editor, and journalism lecturer." I've worked as a reporter, editor and journalism lecturer, and am very enthusiastic about bringing what I've learned to this site.  

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