US, Taiwan step up economic cooperation in new dialogue

US, Taiwan step up economic cooperation in new dialogue
In this file photo released by Taiwan’s Military News Agency, Taiwan war planes are parked on a highway during an exercise to simulate a response to a Chinese attack on its airfields in Changhua in southern Taiwan. Taiwan said Tuesday, Oct 27, 2020, that recent proposed of U.S. sales of missiles and other arms systems will boost the island’s ability to credibly defend itself, amid rising threats from China. (Military News Agency via AP, File)

21 Nov 2020 02:09PM CNA

TAIPEI:  The US and Taiwan are stepping up cooperation in a newly created economic dialogue, in another move from the outgoing Trump administration to increase official exchanges with the self-ruled island.

The two sides signed a five-year agreement establishing the US-Taiwan Economic Prosperity Partnership Dialogue, which is meant to be held annually. The deal falls short of a long-desired bilateral trade agreement, but is a significant step that increases ties between Washington and Taipei.

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