President Tsai expresses confidence in Taiwan-U.S. ties
Taipei, Nov. 13 (CNA) President Tsai Ing-wen on Sunday expressed confidence in Taiwan-U.S. relations under the incoming administration of U.S. President-elect Donald Trump.
In a Facebook post, Tsai said Taiwan's relations with the United States have been built on the common values of freedom, democracy and human rights and on the common interests of promoting regional peace, stability and economic prosperity.
"We have confidence and look forward to working with the new Trump administration to move bilateral Taiwan-U.S. ties further forward," she wrote.
Meanwhile, the Ministry of Economic Affairs (MOEA) said in a report to the Legislative Yuan that the U.S' interests will be the priority in Trump's foreign policy in Asia.
In his election campaign, Trump threatened to impose punitive tariffs on imports from China, a country that he accused of trade abuse and currency manipulation, but such a move would be unfavorable to the supply chain in Asia and would adversely affect Chinese exports to the U.S., the ministry said.(Courtesy of CNA)
Also, based on Trump's campaign promises, he is likely to shelve the Trans-Pacific Partnership (TPP) trade agreement and seek to establish new trade relations with other countries through bilateral trade pacts, the MOEA said.
It said that if the TPP is dismantled, the Taiwan government nonetheless will continue to strengthen economic and trade exchanges with other countries in the region, advance its "New Southbound Policy" and seek to sign economic and trade pacts with its trading partners.
In a separate report, the National Development Council said the government will closely monitor developments regarding the TPP and will look for alternatives.
The Taiwan government will continue to strengthen multilateral trade negotiations under the framework of the World Trade Organization, while stepping up efforts to negotiate and sign bilateral free trade agreements with individual countries, the council said. (Courtesy of CNA)