Under Secretary for Economic Growth, Energy, and the Environment Jose W. Fernandez led the fifth U.S.-Taiwan Economic Prosperity Partnership Dialogue (EPPD), conducted under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO), on October 23, 2024, virtually from Washington, D.C.
Under Secretary Fernandez was joined by representatives from the Department of State and the International Development Finance Corporation for discussions with TECRO Representative Alexander Tah-Ray Yui, Minister of Economic Affairs J.H. Kuo, Vice Minister of Foreign Affairs Remus Chen, and other representatives both in person and virtually. Concurrently, U.S. Department of State Bureau of Economic and Business Affairs Deputy Assistant Secretary (DAS) Robert Garverick led a U.S. delegation to Taiwan from October 21-24, 2024, to inform the EPPD. During his visit, DAS Garverick met with Taiwan interlocutors to discuss a range of economic issues of mutual importance.
Both sides welcomed the dialogue as an opportunity to deepen economic cooperation and strengthen the robust economic partnership between the two economies. The dialogue featured exchanges on responding to economic coercion, supply chain resilience and investment, addressing tax-related barriers to increase investment between the United States and Taiwan, and ensuring a secure energy transition toward Taiwan's NetZero 2050 goals. Discussions focused on highlighting progress made over the past year and identifying new areas for cooperation, including on transportation and green climate initiatives, partnering on infrastructure development with regional partners, information sharing, and mutual understanding.
The inaugural EPPD occurred in November 2020 under the auspices of AIT and TECRO to advance cooperation on a broad range of economic issues and forge closer ties between the two economies.
