《TAIPEI TIMES》 EU parliament boosts Taiwan defense - 焦點 ltn.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ltn.com.tw Daily Mail and Mail on Sunday newspapers.
The Ministry of Foreign Affairs yesterday applauded a pledge by the G7 to raise US$600 billion in public and private funds to finance infrastructure in developing nations to counter China’s Belt and Road Initiative (BRI).
The government would not shy away from working with like-minded countries, Deputy Director-General of European Affairs Lu Shih-fan (呂世凡) said.
US President Joe Biden announced the pledge at the G7 summit in Germany on Sunday.
Biden said that the US and other G7 members would only provide “limited funding,” but encouraged private entities to make large-scale investments.
A German think tank has suggested that the G7 expand its