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Indo-Pacific: Taiwan not included in trade pact


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.

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Penalties set for economic espionage


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 member of the air force stands next to a Sky Bow III surface-to-air missile launch system on Thursday.
Photo: CNA

The Hsiung Feng III missile project’s former chief engineer, Chang Cheng (張誠), has said that the military needs to extend the altitude of the Tien Kung III air-defense missile to effectively counter any threats from China.