Daily Management Review

Nikkei learns of EU plans to deepen cooperation with Taiwan


The EU intends to develop relations with Indo-Pacific countries and, in particular, to expand trade and investment relations with Taiwan, Nikkei Asia reported, citing the draft version of the strategy. It is noted that the document does not include the creation of a bilateral investment agreement, previously proposed by Taiwanese President Tsai Ing-wen.

ironypoisoning via flickr
ironypoisoning via flickr
"The principles of democracy and human rights are threatened by authoritarian regimes in the region (the Taiwan Gulf and the South China Sea) ... Attempts to establish a level playing field based on transparent trade rules are increasingly undermined by unfair trade practices and economic pressure," Nikkei quotes the document.

According to the document, the EU expects to establish agreements with Japan, South Korea and Singapore on digital interoperability, as well as hold talks with Taiwan, Japan and South Korea on strategic dependence on imports of semiconductors. The strategy also expresses the EU's willingness to cooperate with the Quadrilateral Security Dialogue (QUAD; U.S., Japan, Australia and India) countries on technology, vaccines and climate change.

Lithuania, an EU member state, is in diplomatic conflict with the PRC over plans to open Europe's first Taiwan Mission. Similar missions, serving as de facto embassies with partially recognized Taiwan, exist in many countries, but use the name Taipei. The PRC, which considers Taiwan its territory, has recalled its ambassador from Lithuania, and Lithuanian authorities have done the same. 

source: asia.nikkei.com