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HK working to block Taiwan in WTO: US report


The logo of the WTO on its headquarters in Geneva, Switzerland, is pictured on June 2, 2020.
Photo: Reuters

The Hong Kong government has been working with China to block Taiwan’s meaningful participation in the WTO, the US Department of State said in a report published on Thursday.

Even as the Chinese government took new measures to erode democracy in Hong Kong, representatives of the territory acted on behalf of Beijing to advance its objectives in the international arena, the report said.

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US lawmakers call to include Taiwan in IPEF


Taiwan and US flags are pictured on a table for a meeting between then-US representative Ed Royce and then-legislative speaker Su Jia-chyuan in Taipei on March 27, 2018.
Photo: Tyrone Siu, Reuters

Two hundred US lawmakers in a letter on Wednesday called for Taiwan’s participation in the planned Indo-Pacific Economic Framework (IPEF), touting the nation’s economic importance and the signal of support it would send to counter Chinese intimidation.

The letter, drafted by the four cochairs of the Congressional Taiwan Caucus and addressed to US Secretary of Commerce Gina Raimondo and US Trade Representative Katherine Tai (戴琪), said that Taiwan should be “at the front of the line” to join the framework.

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Newsflash

Taipei City and the four special municipalities that came into being on Saturday could turn into a disaster for the central and local governments if underlying financial problems are not properly addressed, experts told a forum on the financial aspects of the five megacities yesterday.

Peng Pai-hsien (彭百顯), a professor of finance at Kainan University, told a panel organized by the Taiwan Brain Trust think tank in Taipei that the five special municipalities face an immediate shortfall of NT$718.5 billion (US$24.27 billion) — which would climb to NT$803.4 billion if potential debt were counted — while the central government was faring no better, with a potential debt of NT$21 trillion.