Sep 25, 2018 Legal Comments Off on China harming world economy: AIT head
Taipei, Sept. 25 (CNA) China is aggressively using market- distorting subsidies and other practices such as intellectual property theft and forced technology transfers that harm the global economy, including economies of the United States and Taiwan, American Institute in Taiwan (AIT) Director Brent Christensen said Tuesday.
"We must defend the international rule-based order, and sometimes take steps to dissuade those who flout global rules," he said in a speech at the annual congress of the World Taiwanese Chambers of Commerce in Taipei.
According to Christensen, the U.S. is committed to open markets and free trade in the Indo-Pacific region and globally, common values that the country shares with Taiwan.
The free and open Indo-Pacific strategy, introduced by the administration of U.S. President Donald Trump in November 2017, encompasses an area stretching from the U.S. West Coast to Japan, down through Southeast Asia to Australia, and west to India.
"We are looking to work more closely with Taiwan on the Indo-Pacific strategy's priority initiatives of energy, infrastructure and the digital economy," he said.
In the years ahead, as business relationships evolve in the Indo-Pacific region, the AIT chief said, the role and importance of Taiwanese businesses will continue to grow and expand around the world.
In his speech, Christensen announced that the AIT will escort a delegation of Taiwanese companies to the Indo-Pacific Discover Global Markets event on aerospace, defense and advanced manufacturing, to be held in Salt Lake City Dec. 10-12.
The annual congress that day was also attended by former U.S. Vice President Dick Cheney and Stephen Yates, a former deputy national security adviser to Cheney.
Source: Focus Taiwan News Channel