“We are looking to deepen our economic partnership with Taiwan, especially on high-tech issues, including the supply of semiconductors,” Sullivan said. “But we are pursuing this primarily on a bilateral basis.”
The framework is intended to establish Biden’s economic strategy for the region. Matthew Goodman, senior vice president for economics at the Center for Strategic and International Studies in Washington, suggested some Pacific signatories would be disappointed because the pact is not expected to include provisions for greater access to the US market.
“I think a lot of partners will look at this list and say, this is a good list of issues. I’m happy to be involved,” said Goodman, former director of international economics at the National Security Council during the administration of President Barack Obama. “But, you know, are we going to see any tangible benefits from our participation in this framework?”
Beijing, ahead of the launch of the pact, criticized the US effort.
“We hope they will build an open and inclusive circle of friends in Asia-Pacific, rather than an exclusive clique, and do more for peace and development, rather than creating unrest and chaos in region,” Chinese Foreign Ministry spokesman Wang Wenbin said. .