U.S. to hold economic talks with Taiwan this month - Pompeo
WASHINGTON (Reuters) - U.S.
WASHINGTON (Reuters) - U.S. Undersecretary of State Keith Krach, who angered China with a visit to Taipei in September, will lead economic talks with Taiwan this month, Secretary of State Mike Pompeo said on Tuesday.
Pompeo told a news conference that Krach would lead the Economic Prosperity Partnership Dialogue with Taiwan on Nov. 20. He said the talks would include ensuring safe and secure supply chains and 5G security.
"The dialogue signifies that our economic relationship with Taiwan, a vibrant democracy and a reliable partner, is strong and growing," Pompeo said.
Taiwan's representative office in Washington said Deputy Minister of Economic Affairs Chen Chern-chyi would lead Taiwan's delegation to the U.S. capital for the talks, which would be held both in-person and virtually.
"Other heads of related agencies will attend the talks through video," it said.
China has been angered by greater U.S. support for Taiwan, including recent visits by Health Secretary Alex Azar in August and Krach, the undersecretary for economic affairs, in September.
Krach was the most senior State Department official to visit Taiwan in four decades after being named to head a new bilateral economic dialogue with the island.
The United States, like most countries, has no official relations with Taiwan, which China claims as sovereign territory, but Washington is required under U.S. law to provide Taipei with the means to defend itself.
China stepped up military drills around Taiwan as U.S.-China relations deteriorated in the run-up to the Nov. 3 presidential election, which was won by President Donald Trump's Democratic challenger Joe Biden. Biden is due to take office on Jan. 20, but Trump has yet to concede defeat.
Taiwan has long sought a free trade agreement with the United States, but Washington has complained about barriers to U.S. imports. In August, Taipei paved the way for an eventual deal by announcing an easing of restrictions on U.S. pork and beef imports that is expected to take effect on Jan. 1.
(Reporting by Humeyra Pamuk, Susan Heavey and David Brunnstrom; Editing by Paul Simao and Sonya Hepinstall)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks hit a record and oil prices jumped on Monday as the newest positive data for a potential COVID-19 vaccine and signs of economic recovery in Asia boosted sentiment. U.S. stocks advanced, with the Dow Industrials setting a record as it neared the 30,000 mark for the first time, after pharma company Moderna said its prospective vaccine was 94.5% effective in preventing the illness, which has crushed economies across the globe
By Anirban Sen and Joshua Franklin (Reuters) - Airbnb Inc's initial public offering (IPO) registration showed on Monday that the home rental startup turned a profit in the third quarter despite the COVID-19 pandemic, as it gears up for one of the most anticipated stock market debuts in recent years. The filing, published ahead of Airbnb's anticipated stock market debut in December, showed a dramatic recovery in its fortunes, after the coronavirus outbreak dragged down its core home rental business during the first half of the year. The slump forced it to lay off 25% of its workforce in May, suspend marketing activities for the year and seek $2 billion (£1.5 billion) emergency funding from investors, including Silver Lake and Sixth Street Partners, at a valuation of $18 billion
By David Lawder WASHINGTON (Reuters) - U.S. President-elect Joe Biden said on Monday the United States needed to negotiate with allies to set global trading rules to counter China's growing influence but declined to say whether he would join a new China-backed Asian trade pact signed on Sunday.