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U.S. international trade chief to visit Taiwan: AIT

U.S. international trade chief to visit Taiwan: AIT

Taipei, Oct. 29 (CNA) U.S. Under Secretary of Commerce for International Trade Francisco Sanchez will visit Taiwan this week to promote U.S. government investment stimulus plans and witness Taiwan's entry to the U.S. visa waiver program, the American Institute in Taiwan (AIT) announced Monday. Sanchez is scheduled to visit Taiwan Oct. 30-Nov. 1, the institute, which represents U.S. interests in Taiwan in the absence of diplomatic ties, said in a statement. The statement explained that Sanchez's trip is aimed at promoting President Obama's National Travel and Tourism Strategy and the National Export Initiative, which aims to double U.S. exports by the end of 2014. He will highlight the many opportunities for Taiwan investors in the United States through the newly executed SelectUSA initiative, the statement said. Sanchez will be the highest-level U.S. official from the Department of Commerce to visit Taiwan since 2002. He had originally planned to make the visit in March, but it was cancelled due to what the AIT described as "unforeseen circumstances." However, the cancellation happened amid the controversy over imports of U.S. beef containing ractopamine, a leanness-enhancing drug often fed to cattle in the U.S. In late July, the Legislative Yuan passed amendments abolishing the zero-tolerance restriction on ractopamine-tainted beef, opening the country's market to imported U.S. beef. According to the AIT, during his stay in Taiwan, Sanchez will visit President Ma Ying-jeou and other government officials, as well as business leaders. He will also deliver a keynote speech at a luncheon for members of the business community in Taiwan Oct. 31. With Taiwan to be formally admitted to the U.S. visa waiver program Nov. 1, Sanchez has been invited by the Ministry of Foreign Affairs to attend a celebration to mark the event, the AIT said. Sanchez is the head of the U.S. International Trade Administration, whose tasks include promoting fair trade in the global economy, creating jobs and economic growth by promoting U.S. companies and products and strengthening American competitiveness across all industries. Prior to his joining the Obama administration in 2010, Sanchez spent over 20 years in the private sector, as well as in public service as an advisor on international affairs and policy issues. He was named one of the 100 Most Influential Hispanics by Hispanic Business Magazine and also one of the top Hispanics nationwide by Poder Magazine, the AIT said. (By Chen Pei-huang and Elizabeth Hsu)


Updated : 2021-05-08 01:38 GMT+08:00