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.
Since Secretary of State Pompeo announced the Clean Network and the European Union launched its EU 5G Clean Toolbox earlier this year, 40 Clean Countries, and 50 Clean Telcos, including the largest telcos like Reliance Jio in India, Telstra in Australia, SK in Korea, NTT in Japan, Hrvatskiin Croatia, Tele2 in Estonia, Cosmote in Greece, Three in Ireland, LMT in Latvia, Ziggo in the Netherlands, Plus in Poland, TDC in Denmark, O2in the United Kingdom, Singtel, Starhub, and M1in Singapore and all the major telcos in Canada, Japan, Luxembourg, U.S., and Taiwan have joined the Clean Network.
Huawei Technologies Co., already getting squeezed out of Europe’s vast market for the next generation of telecom equipment, is under siege in another fast-growing business: cloud computing. (Source: Bloomberg)
Keith Krach, Undersecretary of State for Economic Growth, discusses U.S. efforts to create “clean” 5G networks with global partners in order to keep American data safe from foreign powers such as China. He speaks with Bloomberg’s Kevin Cirilli in Washington. (Source: Bloomberg)
The Under Secretary’s visit was marked by two important milestones in the relations between our countries. First, a Memorandum of Understanding on Economic Cooperation was signed by U.S. Under Secretary Krach and the Albanian Minister of Finance and Economy Anila Denaj. Afterward, Under Secretary Krach and Prime Minister Rama presided over the signing of the Skavica Hydropower project between the Albanian government and one of America’s best-known engineering and construction companies, Bechtel.
The Trump administration’s ban targeting ByteDance Ltd.’s TikTok isn’t about one company but about the Chinese communist party’s threat to democracy, Keith Krach, the U.S. Department of State’s Under Secretary for Economic Growth, Energy, and the Environment told Bloomberg’s Maria Tadeo exclusively in Brussels. They spoke on “Bloomberg Surveillance.” (Source: Bloomberg)
In visit to Berlin, U.S. Under Secretary of State, Keith Krach, calls on China’s Xi Jinping to “Tear down China’s great (fire) wall.
U.S. President Donald Trump’s administration is maintaining pressure on Chancellor Angela Merkel to exclude Huawei Technologies Co. from Germany’s fifth-generation wireless network
Beijing is accusing Washington of “hegemony and provocation” — for telling the truth about China’s ever-more-aggressive moves toward hegemony and provocation. It’d be laughable, except the Chinese Communist Party’s increasing crackdowns at home and influence-seeking abroad are no joke.
Catherine Chang, of Taiwan’s news program, The View, discusses Under Secretary Keith Krach’s historic visit to Taiwan. Chang says the visit ushers in a new era in the Taiwan U.S. relationship.
The trip by Keith Krach, an economic representative, defies Beijing’s opposition to formal exchanges. China sent two anti-submarine aircraft toward the island in response.