China is “firmly” opposed to a new trade initiative between Taiwan and the United States, the Commerce Ministry said on Thursday, a plan the Taipei government says is an acknowledgment of the island’s key position. plays in global supply chains.
The United States and Taiwan announced the U.S.-Taiwan 21st Century Trade Initiative on Wednesday, days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to combat the growing economy. Beijing influence.
China was annoyed at the increased US involvement with democratically governed Taiwan, regularly describing the issue as the most important and sensitive issue in Sino-US ties.
“The United States should handle trade and economic ties with Taiwan prudently to avoid sending the wrong message to Taiwanese separatists,” said Chinese Commerce Ministry spokesman Gao Feng.
“Beijing opposes any form of official contact between Taiwan and other countries, including negotiating and signing any economic and trade agreements “with sovereign connotations and of an official nature,” Gao said in an online briefing.
Taiwan has been applauded for the initiative, seeing it as yet another sign of support from Washington, and hopes it could pave the way for Taiwan to eventually join Biden’s Indo-Pacific Economic Framework (IPEF) launched last week.
Taiwan’s Prime Minister Su Tseng-chang told a cabinet meeting on Thursday that the island “has an indispensable key position in the global supply chain,” according to a statement from his office.
This “made the US government realize that it must strengthen economic and trade ties with our country to consolidate the resilience and security of the global supply chain,” Su said.
At a time of Russia’s attack on Ukraine and with “dramatic changes” in the international situation, “the importance of Taiwan’s global strategic position has become clearer,” he said.
Taiwan is a major producer of semiconductors, whose global shortages have halted production of cars and some consumer electronics.
Source: CNN Brasil
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