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International relations

Taiwan and US ink memo on economic cooperation

Taipei seeks trade deal with Trump administration but pivots to Biden as clock ticks

Keith Krach, the U.S. undersecretary of state for economic growth, energy and the environment, arrives in Taiwan on Sept. 17.   © Reuters

NEW YORK -- The U.S. and Taiwan on Friday signed a memorandum of understanding to promote bilateral economic cooperation as both sides contemplate a bilateral trade agreement during President Donald Trump's final weeks in office.

This opened the inaugural U.S.-Taiwan Economic Prosperity Partnership Dialogue, which is being held physically and virtually, where a Taiwanese delegation and American officials have discussed issues including clean 5G development, supply chain restructuring, energy and infrastructure.

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