‘ANOTHER LEVEL’: NDC Minister Kung Ming-hsin said the deal shows that Taiwan is more confident about making contributions to the international community
Taipei Times
Date: Oct 01, 2020
By: Jake Chung / Staff writer, with Bloomberg and CNA
From left, Minister of Finance Su Jain-rong, National Development Council Minister Kung Ming-hsin, American Institute in Taiwan Director Brent Christensen and Minister of Foreign Affairs Joseph Wu attend a news conference on Taiwan-US infrastructure cooperation in Asia and Latin America in Taipei yesterday.
Photo: Liao Chen-huei, Taipei Times
The Framework to Strengthen Infrastructure, Finance and Market Cooperation, alongside the New Southbound Policy and the US’ Indo-Pacific strategy, would allow Taiwan to initiate dialogue with more friendly countries in the region, while allowing Taiwanese firms to branch out into regional debt markets, Su said.
The Ministry of Economic Affairs, the Ministry of Finance, the Ministry of Transportation and Communications, and the Financial Supervisory Commission would be in charge of four task forces with direct access to the US, he said.
Taiwan has extensive business interactions with Southeast Asian countries such as Vietnam and Thailand, and nine of the remaining 15 countries that officially recognize its government are in Latin America or the Caribbean. [FULL STORY]
