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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

A pro-Taiwanese independence civic group embarked yesterday on a weeklong journey to New York City to advocate the country’s right to bid for UN membership under the name Taiwan.

At a press conference held in Taipei yesterday before their departure, the group said “the annual trip to New York marks a continued effort by the people of Taiwan since 1979 to express their wish to be recognized by the UN.”