U.S. financial institutions have a duty to establish governance principles when it comes to investing in entities that directly or indirectly facilitate human rights abuses. The boards of these institutions have a moral duty, and perhaps even a fiduciary duty to divest from companies that contribute to human rights violations.
The tone of U.S.–Taiwan relations has dramatically changed under the Trump administration, particularly since a September 2020 visit to Taipei by Under Secretary Keith Krach that paved the way for new economic dialogue.
Two weeks ago, Brazil became the 50th Clean Network member, followed by Ecuador, Jamaica, and the Dominican Republic. In just six months, the Clean Network has grown to over 50 Clean Countries, representing 2/3 of the world’s GDP—180 Clean Telcos and many industry-leading Clean Companies like Oracle, Fujitsu, Cisco, Siemens, VMware, NEC, and HP. This alliance of democracies now includes 26 of the 27 EU member states along with technology savvy nations like Japan, Israel, Australia, Singapore, Taiwan, Canada, Vietnam, New Zealand, and India. The Clean Network partners also include an increasing list of global heavyweights like NATO Deputy Secretary General Mircea Geoana, EU Commissioner Thierry Breton, Chairwoman of the Three Seas Initiative and Estonian President Kersti Kaljulaid.
The U.S. and Taiwan are stepping up cooperation in a newly created economic dialogue, in another move from the outgoing Trump administration to increase official exchanges with the self-ruled island. The two sides signed a five-year agreement establishing the U.S.-Taiwan Economic Prosperity Partnership Dialogue, which is meant to be held annually.
Brazil’s government on Tuesday backed the United States’ Clean Network proposal to build a global digital alliance that excludes technology that Washington sees as manipulated by China’s Communist government.
The U.S. has brought 49 countries, representing two-thirds of global economic output, into its “Clean Network” initiative aimed at limiting Chinese companies from access to sensitive sectors such as cloud computing and 5G mobile networks, a senior administration official said.
Keith Krach, Under Secretary of State for Economic Growth, Energy, and the Environment, joins Bonnie Glick, Deputy Administrator of the U.S. Agency for International Development, or USAID for a press briefing on the Clean Network initiative and security in the digital economy.
The Deputy Secretary of State of the United States was in Estonia to sign the continuation of the cooperation agreement in both the fields of science and technology.
Cristina Cileacu of Digi24 discusses 5G Security and Clean Network with Under Secretary of State for Economic Growth, Energy and Environment, Keith Krach, and Mr. Mircea Geoana Deputy Secretary General of NATO.