By Ben Blanchard, Reuters — Wednesday 30 September 2020
The United States and Taiwan will work together on infrastructure projects in the Indo-Pacific region and Latin America, officials said on Wednesday, in an implicit pushback against China’s own massive regional investment plans. The plan sets up a working group led by the US Treasury Department and Taiwan’s Finance Ministry to identify and promote public and private sector collaboration in infrastructure investment. Taiwan’s Foreign Minister Joseph Wu said it dovetailed the US Indo-Pacific strategy with Taiwan’s own New Southbound Policy, aimed at boosting economic ties with southeast and south Asia to cut the island’s reliance on China.