U.S., Taiwan Sign Pact to Hold Annual Economic Talks for 5 Years


Source: bloomberg.com

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The U.S. and Taiwan signed a pact to establish annual economic talks for five years despite objections by China to Washington’s support for Taipei. The memorandum of understanding was signed after an inaugural round of economic talks in Washington on Friday. Future discussions will alternate between the U.S. and Taipei, Brent Christensen, director of the American Institute in Taiwan, said in a briefing in Taipei on Saturday. Both sides agreed that strategic cooperation on the semiconductor industry is a mutual priority, and will push for further collaboration in supply chains, science and technology, 5G and telecommunications security and global health....