President Ma Ying-jeou’s (馬英九) promise that China would be more amenable to Taiwan inking free-trade deals or integrating with other regional economies after signing the Economic Cooperation Framework Agreement (ECFA) was put into question after reports revealed that Cambodia turned down a request by Taipei to open a representative office because of Phnom Penh’s “one China” policy.
The Phnom Penh Post last week quoted Cambodian Prime Minister Hun Sen as saying that Taiwan could not establish a trade office in Cambodia because the country abides by the “one China” principle, prompting the Ministry of Foreign Affairs (MOFA) on Aug. 11 to issue a statement emphasizing the Republic of China’s status as a sovereign and independent country.
Any Cambodian official departing from the “one China” policy and seeking to allow Taiwan to open a representative office would be dismissed, the Post said.
As Taiwan seeks to sign trade agreements with regional economies — especially ASEAN members — opening trade offices constitutes a crucial step toward achieving this goal.
China’s clout over Cambodia has grown recently and with it, its influence over Phnom Penh’s policy decisions. China is now the biggest financier in the country, investing US$4.3 billion in 2008, 40 percent of total foreign investment.
Beijing’s investment targets include agribusiness, energy projects and mineral and oil exploration.
Chinese investment in Cambodia also comes with no strings attached, providing a convenient alternative for the Cambodian government to the more conditional investment by Western countries and organizations such as the IMF and World Bank.
Earlier this year, a Cambodian source told the Taipei Times, on condition of anonymity for fear of repercussions, that Beijing’s grip on Phnom Penh was such that few Cambodians dared criticize China, with the understanding that doing so could undermine their chances of finding employment or getting a promotion, particularly in the government. Retribution for failing to abide by this tacit policy, the source said, extends as far as family members of employees.
MOFA has called on Phnom Penh to adopt “an open and pragmatic attitude toward increasing economic exchanges with Taiwan,” adding that “continuing such unfriendly remarks will only sabotage trade realities between the two countries.”
Taiwan is the sixth-largest foreign investor in Cambodia, with investments totaling US$657 million, statistics showed.
SILICON VALLEY HUB: The office would showcase Taiwan’s strengths in semiconductors and artificial intelligence, and help Taiwanese start-ups connect with global opportunities Taiwan has established an office in Palo Alto, one of the principal cities of Silicon Valley in California, aimed at helping Taiwanese technology start-ups gain global visibility, the National Development Council said yesterday. The “Startup Island Taiwan Silicon Valley hub” at No. 299 California Avenue is focused on “supporting start-ups and innovators by providing professional consulting, co-working spaces, and community platforms,” the council said in a post on its Web site. The office is the second overseas start-up hub established by the council, after a similar site was set up in Tokyo in September last year. Representatives from Taiwanese start-ups, local businesses and
EXPRESSING GRATITUDE: Without its Taiwanese partners which are ‘working around the clock,’ Nvidia could not meet AI demand, CEO Jensen Huang said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and US-based artificial intelligence (AI) chip designer Nvidia Corp have partnered with each other on silicon photonics development, Nvidia founder and CEO Jensen Huang (黃仁勳) said. Speaking with reporters after he met with TSMC chairman C.C. Wei (魏哲家) in Taipei on Friday, Huang said his company was working with the world’s largest contract chipmaker on silicon photonics, but admitted it was unlikely for the cooperation to yield results any time soon, and both sides would need several years to achieve concrete outcomes. To have a stake in the silicon photonics supply chain, TSMC and
‘DETERRENT’: US national security adviser-designate Mike Waltz said that he wants to speed up deliveries of weapons purchased by Taiwan to deter threats from China US president-elect Donald Trump’s nominee for US secretary of defense, Pete Hegseth, affirmed his commitment to peace in the Taiwan Strait during his confirmation hearing in Washington on Tuesday. Hegseth called China “the most comprehensive and serious challenge to US national security” and said that he would aim to limit Beijing’s expansion in the Indo-Pacific region, Voice of America reported. He would also adhere to long-standing policies to prevent miscalculations, Hegseth added. The US Senate Armed Services Committee hearing was the first for a nominee of Trump’s incoming Cabinet, and questions mostly focused on whether he was fit for the
SHARED VALUES: The US, Taiwan and other allies hope to maintain the cross-strait ‘status quo’ to foster regional prosperity and growth, the former US vice president said Former US vice president Mike Pence yesterday vowed to continue to support US-Taiwan relations, and to defend the security and interests of both countries and the free world. At a meeting with President William Lai (賴清德) at the Presidential Office in Taipei, Pence said that the US and Taiwan enjoy strong and continued friendship based on the shared values of freedom, the rule of law and respect for human rights. Such foundations exceed limitations imposed by geography and culture, said Pence, who is visiting Taiwan for the first time. The US and Taiwan have shared interests, and Americans are increasingly concerned about China’s