Tseng was among the officials asked to report on the post-US election prospects for Taiwan-US economic and trade relations at a meeting of the Foreign Affairs and National Defense Committee. Taiwan and the US have a long-term and close economic and trade relationship, Tseng said, adding that last year the US was the nation’s second-largest trade partner, its second-largest export market and its third-largest source of imports. Deputy Minister of Economic Affairs Tseng Wen-sheng, second right, Deputy Minister of Foreign Affairs Harry Tseng, third right, and other officials attend a meeting of the Foreign Affairs and National Defense Committee at the Legislative Yuan in Taipei yesterday. Photo: George Tsorng, Taipei TimesTotal bilateral trade volume last year was more than US$81.08 billion, an increase of 11.7 percent from 2018, he said. Several top US companies this year have announced plans to increase investment in Taiwan, and the US administration and Congress have also taken actions to enhance the Taiwan-US economic and trade relationship, he said.

Source: Taipei Times November 16, 2020 15:56 UTC