Taiwan and US sign MOU for annual economic talksLAYING A FOUNDATION: A petition signed by 50 US senators calling for a trade agreement signaled strong support for Taiwan, the minister of foreign affairs saidBy Wu Su-wei and William Hetherington / Staff reporter, with staff writerTaiwan and the US signed a five-year memorandum of understanding (MOU) to establish annual economic talks, which could be extended another five years, Minister of Foreign Affairs Joseph Wu (吳釗燮) said yesterday. Minister of Foreign Affairs Joseph Wu speaks during a news conference at the Executive Yuan in Taipei yesterday. “This memorandum is a foundation on which the US and Taiwan can expand economic cooperation,” he said. US Secretary of State Mike Pompeo initiated the Economic Prosperity Partnership Dialogue with Taiwan to bolster cooperation. The talks follow repeated calls from Washington and Taipei for negotiations over a formal trade deal.

Source: Taipei Times November 21, 2020 15:56 UTC