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U.S. lawmakers push for Asia-Pacific engagement with flurry of bills - Nikkei Asia

Nikkei Asia LogoNikkei Asia1w ago

U.S. lawmakers push for Asia-Pacific engagement with flurry of bills - Nikkei Asia

Quick Summary

"For decades we have routinely underinvested in both diplomatic and aid assistance, setting the stage for China to expand its influence and attempt to define the rules in the region," the representative said.

Expanding the budget to spend more in Asia, including Taiwan, would underscore a further security pivot to the region.

The legislation would authorize $4.5 billion in Taiwan-related assistance over four years through the Foreign Military Financing framework, to be used for purchases of U.S.weaponry and training with American forces, for example.


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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Pacific Asian Indo-pacific Legislation Asia Leaders Lawmakers Biden Region Administration China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 16:24:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 5 minutes read

Article Length: 740 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 3930

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 12 posts per day

Year Established: 1876

Headquarters: Japan

Last Updated: 10h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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