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Indo-Pacific: Taiwan not included in trade pact

Monday, 23 May 2022 05:34 Taipei Times

US National Security Adviser Jake Sullivan speaks at a daily press briefing in the Brady Briefing Room of the White House in Washington on Wednesday.
Photo: AFP

US President Joe Biden is expected to unveil a list of nations today who would be joining a long anticipated Indo-Pacific region trade pact, but Taiwan will not be among them.

US National Security Adviser Jake Sullivan said that Taiwan is not among the governments included in the launch of the Indo-Pacific Economic Framework, a trade pact that is meant to allow the US to work more closely with key Asian economies on issues including supply chains, digital trade, clean energy and anticorruption efforts.

Penalties set for economic espionage

Saturday, 21 May 2022 06:19 Taipei Times

Lawmakers signal their parties’ stances on the third reading of draft amendments to the National Security Act at the Legislative Yuan in Taipei yesterday.
Photo: Tien Yu-hua, Taipei Times

The Legislative Yuan yesterday passed amendments setting penalties for economic espionage of up to 12 years in prison or a NT$100 million (US$3.37 million) fine, and banning employees in key industries from traveling to China without permission, as it seeks to stifle theft of key technologies.

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Newsflash

Chinese diplomats are pressuring lawmakers from at least six countries not to attend a China-focused summit in Taiwan, participants said.

Politicians in Bolivia, Colombia, Slovakia, North Macedonia, and Bosnia and Herzegovina, and one other Asian country that declined to be named, say they are receiving texts, calls and urgent requests for meetings that would conflict with their plans to travel to Taipei, in what they describe as efforts to isolate Taiwan.

The Inter-Parliamentary Alliance on China (IPAC) summit officially begins tomorrow. The alliance is a group of hundreds of lawmakers from 35 countries concerned about how democracies approach Beijing.