US House Committee Introduces Bill to Bolster Taiwan Amid US-China Competition

US House Committee Introduces Bill to Bolster Taiwan Amid US-China Competition

VoM News Desk | May 11, 2024 | 11:07 PM IST | China, United States of America, World | Follow on Google News

US House Committee Introduces Bill to Bolster Taiwan Amid US-China Competition

US House Committee Introduces Bill to Bolster Taiwan Amid US-China Competition

Key Highlights:

1. Bipartisan bill allocates USD 120 million to support Taiwan and counter CCP coercion.
2. Funding aims to enhance Taiwan’s global network and assist countries facing CCP pressure.
3. Bill emphasizes support for Taiwan’s diplomatic allies and resistance against Chinese influence.

The US House Select Committee unveiled the Taiwan Allies Fund Act, a bipartisan bill aimed at allocating USD 120 million over three years to support Taiwan and counter Chinese Communist Party (CCP) coercion, as reported by Focus Taiwan. The legislation underscores the strategic competition between the US and China, particularly regarding Taiwan’s international space and resistance against CCP pressure.

According to the bill, the funding will bolster Taiwan’s global network of friends and assist countries subjected to CCP coercion and pressure. The bill specifies criteria for qualified fund recipients, emphasizing support for countries advancing Taiwan’s participation in international fora, diversifying supply chains away from China, and countering Chinese influence and propaganda.

Republican Committee Chairman John Moolenaar highlighted the bill’s significance in resisting CCP pressure campaigns and supporting Taiwan’s diplomatic allies. Democratic Ranking Member Raja Krishnamoorthi emphasized the importance of standing with Taiwan against Beijing’s intimidation tactics and coercion. The bill represents a bipartisan effort to strengthen ties with Taiwan and push back against Chinese influence in the Indo-Pacific region.

Source: WAM

VoM News Desk

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