Taiwan expresses interest in proposed U.S.-led trade pact

President Tsai Ing-wen (???) on Wednesday expressed her government's interest in taking part in a proposed Indo-Pacific economic framework the United States is looking to launch early next year.

"We look forward to taking part in the recently announced Indo-Pacific economic framework," Tsai said at an event in Taipei that celebrated the 70th anniversary of the American Chamber of Commerce in Taiwan (AmCham).

Tsai was keen to underline Taiwan's credentials as a trade partner, saying the island had made itself a tech hub for Asia and also built a flexible and diverse economy that would allow the country to play a crucial role in the proposed pact.

According to the U.S. Department of Commerce, talks on the proposed framework are in the preliminary stages.

Reuters reported in November that the U.S. government was planning to launch the framework early next year, citing comments made by U.S. Secretary of Commerce Gina Raimondo during a press event.

At that time, Raimondo said the proposed framework would not be akin to a traditional trade agreement, emphasizing that it could involve such areas as the digital economy, supply chain resiliency, infrastructure, export control, and clean energy.

Source: Focus Taiwan News Channel

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