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Hearing is held to build on President Joe Biden’s executive order banning US investments in four Chinese tech sectors; witnesses urge lawmakers to use existing authorities rather than create new mechanisms.
TAIPEI (Reuters) -Taiwan's president-elect, Lai Ching-te, signalled on Wednesday his desire for Taipei to join the U.S.-led Indo-Pacific Economic Framework, considering the island's key role in the global economy. The United States excluded chip powerhouse Taiwan from the framework, part of the Biden administration's effort to counter what it says is Beijing's increasing economic and military coercion in the region, when it was set up in 2022. But the United States then set up the U.S.-Taiwan Initiative on 21st Century Trade, which joins the U.S.-Taiwan Economic Prosperity Partnership Dialogue and Technology Trade and Investment Collaboration Framework the two sides have.