US senators back accord on investment protection
CNAWASHINGTON -- Two U.S. senators wrote to United States Trade Representative Ron Kirk Tuesday to call for the signing of an investment protection agreement with Taiwan.
March 7, 2013, 11:58 am TWN
In the letter, Robert Menendez and James Inhofe, co-chairs of the Senate Taiwan Caucus, expressed their support for the planned resumption of talks with Taiwan in Taipei March 11 under the Trade and Investment Framework Agreement.
Menendez and Inhofe said strengthening bilateral trade and investment ties will be a reaffirmation of the long-term security and economic partnership between Taipei and Washington, according to King Pu-tsung, Taiwan's representative to the United States.
An investment protection pact will protect American companies in Taiwan and encourage Taiwanese investors to invest in the United States, they said.
With Taiwan having signed an investment agreement with China and Japan, the signing of a similar agreement with the United States will ensure that American companies are not put in an unfavorable position, they added.