HJS 'A Vital Partnership – Taiwan' Report.indd

l T he United Kingdom should continue to advocate for Taiwan’s inclusion in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Secretary of State for Business and Trade and her Ministers should promote the benefits of the UK’s membership, explaining to the British people that the trade organisation provides wider strategic benefits to the UK alongside economi. [...] 17, 18, 19 With 60% of the world’s population living in the Indo-Pacific, and the region expected to become the primary engine of global economic growth within the next three decades, the CCP’s success in forcibly reunifying with Taiwan would cement the PRC as a hegemonic military power in the Indo-Pacific and allow Beijing to exert immense economic and political policy leverage over other UK part. [...] Taiwan and Semiconductors During the COVID-19 pandemic, the UK and the rest of the world witnessed how global shocks to the supply and demand of semiconductors impacted the world economy. [...] 94 This would not only lead to the emergence of a CCP-led economic trading system throughout the Indo-Pacific, but the potential for the PRC to control supply chains, allowing Beijing to control supply/demand based on their whims and the ability to worsen inflationary shocks on the UK and its partners in the West. [...] While the UK should pursue cultural and economic ties between the Taipei Representative Office in the UK and the British Office in Taipei, the Government and Parliament should aim to better secure the Taiwan Strait and pursue British national interests in the Indo-Pacific with the following policy recommendations.