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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 demonstrator holds up a burning Chinese flag in protest against the cross-strait talks being held at the Windsor Hotel in Taichung yesterday. Negotiators from China and Taiwan met for the fourth round of trade talks and signed three pacts.
PHOTO: REUTERS

Taipei and Beijing yesterday signed three agreements and agreed to place the economic cooperation framework agreement (ECFA) on the agenda at the next round of cross-strait talks next year.

The deals signed yesterday — on the fishing industry, quality checks of agricultural products, and standardizing inspections and certification — bring to 12 the number of pacts inked by the two sides since President Ma Ying-jeou (馬英九) assumed power in Taiwan in May last year.