Greg Hands will meet President Tsai Ing-wen and co-host the UK-Taiwan 25th annual Trade Talks in Taipei during his two-day visit, the first in-person trade talks since the pandemic. Recalling his visit to the country 31 years ago, Mr Hands said: “Boosting trade with this vital partner is part of the UK’s post-Brexit tilt towards the Indo-Pacific and closer collaboration will help us future-proof our economy in the decades to come.”
Talks with minister Chern-Chyi Chen will look at “tackling barriers to trade in sectors such as fintech, food and drink and pharma, aimed at helping more UK firms export and invest in Taiwan”, DIT said, adding Mr Hands “will also promote UK expertise in offshore wind, hydrogen and electric vehicles”.
The UK’s £8billion trade partnership has risen 14 percent in the last two years, according to DIT, with UK exports to Taiwan going up by 12 percent during that period.
Amid the trade talks, Innovate UK, the UK’s national innovation agency, will sign a memorandum of understanding with the Ministry of Economic Affairs in Taiwan, “pledging to increase collaboration on technology and innovation”, the DIT added.
Ahead of the talks, China lashed out at the UK Government insisting that “official contacts” with the self-governing island republic must cease.
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However, it has drawn increasing backing from major nations, including Japan, Australia, the US and Canada, and across Europe.
A recent visit from Nancy Pelosi, the US House Speaker, sparked outrage from Beijing – with missiles fired over Taiwan into the Western Pacific and aircraft and ships positioned nearby in a virtual blockade of the island.
Mr Zhao said the UK should “earnestly respect China’s sovereignty, uphold the one-China principle, stop any forms of official contacts with Taiwan and stop sending wrong signals to Taiwan independence separatist forces”.
This is a developing story…