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InvestmentsTaiwan talks chips, Chinese 'coercion' in U.S. meeting By Reuters

Taiwan talks chips, Chinese ‘coercion’ in U.S. meeting By Reuters

© Reuters. FILE PHOTO: Flags of Taiwan and U.S. are positioned for a meeting in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone Siu/File Photo

By Sarah Wu

TAIPEI (Reuters) – Taiwan and the United States mentioned chip shortages and the way to answer China’s financial “coercion” throughout the second session of an financial dialogue launched final yr, Taiwan Economy Minister Wang Mei-hua mentioned on Tuesday.

The talks got here every week after a digital meeting between U.S. President Joe Biden and Chinese chief Xi Jinping. After that meeting, Xi warned that supporters in the United States of Taiwanese independence had been “playing with fire”.

China claims fiercely democratic Taiwan as its personal and has not dominated out using power to make sure eventual unification.

Speaking to reporters in Taipei after 5 hours of on-line talks, led on the U.S. facet by Under Secretary of State for financial development, vitality and the atmosphere, Jose Fernandez, Wang mentioned they mentioned provide chain collaboration, together with on semiconductors.

“The semiconductor portion included the present short-term supply chain bottleneck problem. Even more important is the future long-term collaboration,” she added.

Chip powerhouse Taiwan has mentioned it’s doing all it will possibly resolve the worldwide scarcity of semiconductors, and has been particularly eager to point out the United States, its most necessary worldwide backer, that it takes the issue critically.

How to answer China’s financial “coercion” additionally got here up, Wang mentioned, targeted on Lithuania which has confronted strain from Beijing for permitting Taiwan to open a de facto embassy in its capital Vilnius.

“We all share the belief that all countries, all economies, should not be subject to this kind of external coercion,” she added.

China downgraded ties with Lithuania on Sunday over the spat.

Taiwan hopes the dialogue could lead ultimately to a free-trade settlement with the United States and hailed final yr’s inaugural meeting as a step ahead.

It was a part of elevated U.S. engagement with Taipei beneath former President Donald Trump that the Biden administration has continued, to the anger of Beijing.

The two sides held long-delayed talks on a Trade and Investment Framework Agreement just about in July, and Taiwan mentioned it hoped it might be attainable to signal an FTA at some point.

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