News / Economy

US Official Talks Trade in Taiwan

Senator Robert Menendez (D-NJ) speaks at a news conference on comprehensive immigration reform at the U.S. Capitol in Washington, January 28, 2013 file photo.
Senator Robert Menendez (D-NJ) speaks at a news conference on comprehensive immigration reform at the U.S. Capitol in Washington, January 28, 2013 file photo.
Ralph Jennings
One of the U.S. Senate's leading foreign affairs figures is recommending Taiwan take a stronger global economic role as Washington shifts its priorities toward Asia. Senator Robert Menendez spoke in Taipei to business leaders about forging closer economic ties.

The chairman of the U.S. Senate’s Foreign Relations Committee told American business leaders in Taipei that Taiwan and the United States should negotiate an investment deal and allow the island into the Trans Pacific Partnership, a U.S.-led free trade alliance.

Taiwan also wants closer trade and investment ties with the United States to help expand its export-driven economy.

During a speech to the American Chamber of Commerce in Taipei, Menendez recommended the investment pact and Taiwan’s entry to the partnership, or TPP, subject to conditions.

"I support discussions between the United States and Taiwan on a bilateral investment agreement and I have conveyed my strong support to the U.S. trade representative," he said. "I also support Taiwan’s future accession efforts in a TPP, provided that Taiwan is willing to support a high-standard, comprehensive agreement that addresses many issues, including labor and environment, currency manipulation and intellectual property rights as critical elements of it.”

The TPP is a broad deal to link 12 countries, including Japan, Vietnam, Australia, Mexico and the U.S., in a comprehensive free trade pact. The group does not currently include China, which frequently sidelines its rival Taiwan.

Menendez championed Taiwan earlier this year by spearheading a bill that obligates the State Department to push for Taiwan’s observer status in the International Civil Aviation Organization despite China’s resistance. The bill passed Congress in June. In 2011 the senator introduced legislation to require that the U.S. government to sell Taiwan late model F-16 fighter jets.

China has claimed sovereignty over self-ruled Taiwan since the Chinese civil war of the 1940s and has never renounced the use of force to reunify the two sides.

China and the United States, former Cold War foes, still distrust each other militarily. Both long-time informal allies Taiwan and the United States are trying for better relations with China with as its economy grows. Menendez said the U.S. pivot to Asia, aimed at strengthening diplomatic and military ties, is not directed against China, as Beijing fears, and noted it also includes an emphasis on economic relationships.

"A constructive and strategic American engagement in Asia is in the interest of all nations in the region, especially if we create ways to institutionalize cooperation and manage competition, creating a rules-based order for the Asia-Pacific region,” he said.

Senator Menendez, a Democrat from the U.S. state of New Jersey, is on his first trip to Asia as chairman of the Senate Foreign Relations Committee. He travels to South Korea Saturday before a final stop in China next week.

You May Like

US Investors Eye IPO for China's Alibaba

E-commerce giant handled 80 percent of China's online business last year, logging more Internet transactions than US-based Amazon.com and eBay combined More

Video Uneasy Calm Settles Over Israel, Gaza Strip

As cease-fire begins, Palestinians celebrate in streets; Israelis remain wary More

Video Chinese Doctors Use 3-D Spinal Implant

In treatment of a 12-year-old boy Chinese doctors used a 3-D printer and special software to create an exact replica of vertebra More

This forum has been closed.
Comment Sorting
Comments
     
by: Anonymous
August 17, 2013 1:13 PM
American Leaders are so busy, they like to look around.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Chinese Doctors Use 3-D Spinal Implanti
X
August 27, 2014 4:53 PM
A Chinese boy suffering from a debilitating bone disease has become the first patient with a part of his spine created in a three-dimensional printer. Doctors say he will soon regain normal mobility. VOA’s George Putic reports.
Video

Video Chinese Doctors Use 3-D Spinal Implant

A Chinese boy suffering from a debilitating bone disease has become the first patient with a part of his spine created in a three-dimensional printer. Doctors say he will soon regain normal mobility. VOA’s George Putic reports.
Video

Video Uneasy Calm Settles Over Israel, Gaza Strip

Israel and the Gaza Strip have been calm since a cease-fire set in Tuesday evening, ending seven weeks of hostilities. Hamas, which controls Gaza, declared victory. Israelis were more wart. VOA’s Scott Bobb reports from Jerusalem.
Video

Video India’s Leprosy Battle Stymied by Continuing Stigma

Medical advancements in the treatment of leprosy have greatly diminished its impact around the world, largely eliminating the disease from most countries. India made great strides in combating leprosy, but still accounts for a majority of the world’s new cases each year, and the number of newly infected Indians is rising - more than 130,000 recorded last year. Doctors there say the problem has more to do with society than science. VOA News reports from Kolkata.
Video

Video Northern California Quake: No Way to Know When Next One Will Hit

A magnitude 6.0 earthquake rocked northern California’s Napa Valley on Sunday. Roads twisted and water mains burst. It was the wine country’s most severe quake in 15 years, and while hospitals treated many people, no one was killed. Arash Arabasadi has more from Washington on what the future may hold for those residents living on a fault line.
Video

Video Scientists Unlock Mystery of Bird Flocks

How can flocks of birds, schools of fish or herds of antelope suddenly change direction -- all the individuals adjusting their movement in concert, at seemingly the same time? British researchers now have some insights into this behavior, which has puzzled scientists for a long time. VOA's George Putic has more.
Video

Video Ukraine: Captured Troops Proof of Russian Role in Separatist Fight

Ukrainian officials say they have captured Russian soldiers on Ukrainian territory -- the latest accusation of Moscow's involvement in the conflict in eastern Ukraine. VOA's Gabe Joselow reports from the Ukrainian side of the battle, where soldiers are convinced of Russia's role.
Video

Video Rubber May Soon Come From Dandelions

Synthetic rubber has been around for more than a century, but quality tires for cars, trucks and aircraft still need up to 40 percent or more natural rubber content. As the source of natural rubber, the rubber tree, is prone to disease and can be affected by bad weather. So scientists are looking for replacements. And as VOA’s George Putic reports, they may have found one in a ubiquitous weed.
Video

Video Jewish Life in Argentina Reflected in Yiddish Tango

Jewish people from across Europe and Russia have been immigrating to Argentina for hundreds of years. They brought with them dance music that were eventually mixed with Argentine tango. The result is Yiddish tango -- a fusion of melodies and cultural experiences that is still evolving today. Elizabeth Lee reports from the Skirball Cultural Center in Los Angeles, where one band is bringing Yiddish tango to an American audience.

AppleAndroid

World Currencies

EUR
USD
0.7537
JPY
USD
103.79
GBP
USD
0.6032
CAD
USD
1.0957
INR
USD
60.522

Rates may not be current.