Tradingfxdaily.com
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
Tradingfxdaily.com
No Result
View All Result
Home World News

Taiwan has learned a lot from the war in Ukraine — it’s time Europe caught up – POLITICO

tradingfxdaily by tradingfxdaily
December 20, 2022
in World News
0
Taiwan has learned a lot from the war in Ukraine — it’s time Europe caught up – POLITICO
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

SEC’s Gensler weighs scaling back climate rule as lawsuits loom

SEC’s Gensler weighs scaling back climate rule as lawsuits loom

February 5, 2023
Jeremy Corbyn should be allowed to stand for Labour, says Unite boss

Jeremy Corbyn should be allowed to stand for Labour, says Unite boss

February 5, 2023

Press play to listen to this article

Voiced by artificial intelligence.

Nathalie Tocci is director of the Istituto Affari Internazionali, Europe’s futures fellow at IWM, Vienna, and a board member of ENI. Her new book, “A Green and Global Europe,” is now out with Polity.

During a recent visit to Taiwan, President Tsai Ing-Wen asked a delegation I was part of the following question: “What has Europe learned from Russia’s invasion of Ukraine?”

Taiwan has learned a lot. But the truth is Europe still has a long way to go.

The frequent comparison between the conflicts over Ukraine and Taiwan is daunting — but the inherent differences also make it a scary one. Ukraine is an internationally recognized state; Taiwan is not. Furthermore, China boasts an economy 10 times the size of Russia’s.

Scarier still are the similarities. Just like Russia in Ukraine, the People’s Republic of China makes no secret of its intention to take over Taiwan. It has distorted the One China Policy into the One China Principle — most notably through its law-fare at the United Nations — and one need only look at the developments in Hong Kong since 2019 to catch a glimpse of what Beijing has in mind.

Much like Ukraine, Taiwan also feels strongly about its liberal democracy, making it the foundational pillar of its national identity, juxtaposed against an increasingly authoritarian China. And just like Ukraine, it’s ready to fight for the hard-earned freedoms it’s won since turning the page on decades of white terror and embarking on its democratic journey in 1992.

Alongside China’s political will, however, is its military power. Over the years, the country’s been progressively upgrading its military capabilities, and by 2027, it could have the capacity to successfully invade and control the island.

Interestingly, despite Russia’s mass mobilization along Ukraine’s border, and United States intelligence regarding the imminent threat, prior to February 24 many Western countries — including Ukraine itself — were in denial about the prospect of a Russian invasion. In the case of Taiwan, however, the opposite is true. Particularly since U.S. House Speaker Nancy Pelosi’s visit to Taipei last summer led to China’s repeated violation of the median line in the Taiwan Strait, no one in the West dismisses the possibility of war. In fact, by suggesting that war in Taiwan is both imminent and inevitable, the West often exaggerates in the opposite direction.

Against this backdrop, Taiwan has already drawn many important lessons. Taipei knows that if it wants to alter Beijing’s cost-benefit calculus and deter an invasion, it must move boldly and quickly to bolster its defense.

Taiwan has to revise its military doctrine to embrace asymmetric defense, upgrade its military capacities and engage in a whole-of-society push toward full defense. It must do so by walking a thin line, raising the stakes in its domestic communication — notably toward its youth — but without sowing panic among the public.

Unlike Ukraine with Poland at its doorstep, Taiwan is acutely aware of the fact that it is an island. And this means it must have everything it needs to protect itself before China makes its first move — were that to happen.

It must also find the right balance in its quest for international strategic relevance. Taiwan needs to accomplish this by embedding its economy — notably its semiconductor industry — in global supply chains, while ensuring key technological competences remain rooted in its indigenous industrial ecosystem. In confronting the Chinese Goliath, the Taiwanese David knows its security hinges on being indispensable to the rest of the world.

U.S. House Speaker Nancy Pelosi’s visit to Taipei last summer led to China’s repeated violation of the median line in the Taiwan Strait | Chien Chih-Hung/Office of The President via Getty Images

And while some European countries can, and should, do more to support Taiwan’s defense as well — even more than in the case of Ukraine, where the U.S. does the heavy lifting — the direct defense support Europeans can provide Taiwan is marginal.

Yet, there’s still so much else they could do.

For one, there’s the impact of messaging. Europe has finally started taking China’s threat toward Taiwan more seriously, and the joint statement of United States President Joe Biden and French President Emmanuel Macron recently explicitly mentioned peace and security in the Taiwan Strait. Messaging like this should become the norm amongst European leaders.

As Europe confronts the poison of Russian and Chinese disinformation, it’s also become increasingly aware of the lessons and best practices it could share with Taiwan, which has been confronting the Chinese challenge for decades. Cooperation on disinformation should be enhanced.

Additionally, while France, the United Kingdom, the Netherlands and Germany have sailed and flown through the South China Sea to ensure freedom of navigation and overflight, these excursions remain few and far between — and generally, they don’t pass through the Taiwan Strait either. Not only should these become more regular, they should involve other member countries too.

Meanwhile, though the European Union has begun discussions with Taiwan over a bilateral investment agreement, these talks seem to be headed nowhere — especially since the bloc suspended ratification of its Comprehensive Agreement on Investment with China. Whether through a broad investment agreement or through sectoral agreements, the EU’s economic ties with Taiwan should be boosted and shouldn’t be held hostage to the increasingly fraught relationship with China. Hopefully, the European Parliament’s trade delegation to Taiwan this week is a step in that direction.

Finally, the EU and its member countries could be doing much more at the U.N. to actively contrast China’s distortion of the One China Policy too.

Some Europeans might ask themselves why they should go to pains to support Taiwan, incurring China’s anger. The answer is that they should do so because not only is Taiwan strategic for Europe — 40 percent of Europe’s trade passes through the strait and the EU is the biggest investor in Taiwan — but, above all, the major lesson drawn from the war in Ukraine is that it’s far less costly to act to prevent war than cope with the repercussions once it erupts.

Taiwan may be much farther away from Europe than Ukraine, but the consequences of war in Asia would be just as devastating for the Continent.



Source link

Share76Tweet47

Related Posts

SEC’s Gensler weighs scaling back climate rule as lawsuits loom

SEC’s Gensler weighs scaling back climate rule as lawsuits loom

by tradingfxdaily
February 5, 2023
0

Officials at the SEC stress that no decision has yet been made. How much the agency might ease up on...

Jeremy Corbyn should be allowed to stand for Labour, says Unite boss

Jeremy Corbyn should be allowed to stand for Labour, says Unite boss

by tradingfxdaily
February 5, 2023
0

Sign up to the Inside Politics email for your free daily briefing on the biggest stories in UK politicsGet our...

New $30-million elementary school is coming to La Loche, Sask.

New $30-million elementary school is coming to La Loche, Sask.

by tradingfxdaily
February 5, 2023
0

Construction has officially begun on a new $30-million elementary school in La Loche, Sask.The new Prekindergarten to Grade 6 elementary...

Vancouver Island municipality to ban drug use in public spaces as decriminalization takes effect

Vancouver Island municipality to ban drug use in public spaces as decriminalization takes effect

by tradingfxdaily
February 5, 2023
0

A Vancouver Island community is adopting a bylaw banning the consumption of controlled substances on municipal property as B.C. becomes the...

Timeline: A Chinese spy balloon’s 7-day trip across the United States

Timeline: A Chinese spy balloon’s 7-day trip across the United States

by tradingfxdaily
February 5, 2023
0

Here’s a day-to-day timeline of events leading up to the dramatic shootdown over the water off the East Coast on...

Load More
  • Trending
  • Comments
  • Latest
Short SPX: Top Trade Opportunities

Short SPX: Top Trade Opportunities

April 5, 2022
The Top 5 Metaverses to Look Out for in 2022

The Top 5 Metaverses to Look Out for in 2022

March 26, 2022
What is Leverage in Forex? Forex Leverage Explained

What is Leverage in Forex? Forex Leverage Explained

April 19, 2022

Larry Fink says globalization is over — Here’s what it means for the markets

March 26, 2022
Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

March 28, 2022
Nordstrom stock soars on Ryan Cohen stake By Investing.com

Nordstrom stock soars on Ryan Cohen stake By Investing.com

0

In a Less-Globalized World, Be Careful Where You Park Your Plane

0
Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

0

Larry Fink says globalization is over — Here’s what it means for the markets

0
Natural-Gas Industry Gets Boost as Biden Shifts Stance

Natural-Gas Industry Gets Boost as Biden Shifts Stance

0
Nordstrom stock soars on Ryan Cohen stake By Investing.com

Nordstrom stock soars on Ryan Cohen stake By Investing.com

February 5, 2023
FTX seeks to claw back political donations by the end of February

FTX seeks to claw back political donations by the end of February

February 5, 2023
Big Tech added to a shrinking forecast, but maybe Bob Iger can brighten the mood

Big Tech added to a shrinking forecast, but maybe Bob Iger can brighten the mood

February 5, 2023
S&P/Global services PMI index versus a 46.8 versus 46.6 preliminary

S&P/Global services PMI index versus a 46.8 versus 46.6 preliminary

February 5, 2023
SEC’s Gensler weighs scaling back climate rule as lawsuits loom

SEC’s Gensler weighs scaling back climate rule as lawsuits loom

February 5, 2023
Tradingfxdaily.com

Tradingfxdaily.com is your Forex, Stock News, World News, Crypto Currency News, Business News & NFT News Website. We provide you with the latest breaking news and videos straight from the Trading industry.

  • Home
  • About us
  • Contact Us
  • Privacy Policy

© 2022 - All Right Reserved. tradingfxdaily.com

No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar

© 2022 - All Right Reserved. tradingfxdaily.com

EURUSD=X 
$1.08  -1.11%  
EURCAD=X 
$1.45  -0.41%  
EURJPY=X 
$142.80  1.78%  
GBPUSD=X 
$1.20  -1.56%  
EURNZD=X 
$1.71  1.44%  
AUDUSD=X 
$0.6902  -2.54%  
CADUSD=X 
$0.7460  -0.67%