TAIPEI (Taiwan News) — Taiwan and the United States signed an agreement to cooperate on infrastructure in developing countries in Latin America and Southeast Asia, reports said Wednesday (Sept. 30).
Both sides will hold a meeting in the near future on how to adapt supply chains and improve the sharing of knowledge and training under the agreement, which was signed on Sept. 17, CNA cited American Institute in Taiwan (AIT) Director Brent Christensen as saying.
Taiwan and the U.S. will seek out infrastructure and energy markets in the Americas and Southeast Asia. Taiwan has been targeting the latter region since 2016 through its New Southbound Policy.
The island country formed task forces to research the issues after U.S. Treasury official Mitchell Silk proposed the framework during a visit to Taiwan last year. According to Taiwanese officials, the agreement takes cooperation between Taipei and Washington to a new level.