Taiwan is seeking closer economic relations with the United States through a bilateral trade agreement as it looks to reduce its economic reliance on its largest trading partner China, Taiwanese President Tsai Ing-wen has said.
Her remarks come at a time when ties between Taiwan and the US have strengthened, Sino-US ties have deteriorated and as China has stepped up diplomatic and economic pressure on the island it considers a breakaway province. The Asia Reassurance Initiative Act signed last year to promote an Indo-Pacific diplomatic strategy lists Taiwan among the US' most important security partners in Asia and calls for regular arms sales to the island.
Commenting on the TRA, Dr Lin Chong-Pin, Taiwan's former deputy defence minister and former vice-chairman of the island's Mainland Affairs Council, said it is a brilliant arrangement under the circumstances then and now that allows Washington to maintain its relations with Taiwan.
Source: Digital Coin News (digitalcoinnews.net)
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