By TECO, Miami
MIAMI, USA – Taiwan’s readiness to join the Indo-Pacific Economic Framework (IPEF) is underscored by its dynamic status as a hub for emerging technologies, with a notable emphasis on semiconductors.
Taiwan is definitely the most suitable and qualifiable partner to join IPEF. Playing a pivotal role, Taiwan accounts for over 60 percent of the world’s semiconductor production, including more than 90 percent of the most advanced chips. Within this context, the strategic inclusion of Taiwan within the IPEF assumes paramount importance.
China’s influence in the region hinges significantly on its adeptness at harnessing economic leverage. Therefore, integrating Taiwan into the IPEF holds the potential to optimize this alliance’s efficacy in countering China’s economic threats and coercive tactics.
The United States, both through its legislature and government, has exhibited a commitment to recognizing Taiwan as a pivotal partner in the Indo-Pacific region. In a tangible demonstration of this sentiment, Speaker of the US House of Representatives, Hon. Nancy Pelosi, embarked on a visit to Taiwan in August 2022.
Furthermore, the April meeting between House Speaker, Kevin McCarthy, and Taiwan’s President, Dr Tsai Ing-wen in Los Angeles unequivocally underscores the significance attributed to Taiwan by the US Congress.
In early June of this year, Taiwan and the US signed an agreement constituting the first phase of the “US-Taiwan Initiative on 21st Century Trade.”
This agreement bolsters the foundation of the US-Taiwan economic relationship, while simultaneously providing a robust counterbalance to China’s economic coercion within the region.
Indeed, the IPEF will make the perfect team by allowing Taiwan to join.
