Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Taiwan welcomes US vaccine aid, bolstering its COVID fight

Published 20/06/2021, 02:45
Updated 20/06/2021, 15:06
© Reuters. FILE PHOTO: A forklift is used to transport Moderna vaccines against the coronavirus disease (COVID-19) at Taiwan Air cargo Terminal in Taoyuan, Taiwan, June 18, 2021. REUTERS/Ann Wang

By Ann Wang

TAOYUAN, Taiwan (Reuters) -Taiwan welcomed 2.5 million COVID-19 vaccine doses from the United States on Sunday as help from a true friend, more than doubling the major semiconductor-producing island's arsenal of shots as it deals with a cluster of domestic infections.

Washington, competing with Beijing to deepen geopolitical clout through "vaccine diplomacy," initially had promised to donate 750,000 doses but increased that number as President Joe Biden's administration advances its pledge to send 80 million U.S.-made shots around the world.

A China Airlines Boeing (NYSE:BA) 777 freighter carrying the vaccines landed at Taoyuan airport outside of Taipei late afternoon, greeted on the tarmac by Health Minister Chen Shih-chung and the top U.S. diplomat in Taiwan, Brent Christensen.

Speaking from her office in comments broadcast after the arrival of the Moderna (NASDAQ:MRNA) Inc shots, President Tsai Ing-wen expressed her "sincere gratitude".

"A friend in need is a friend indeed," she added, switching into English.

The American Institute in Taiwan - the de facto U.S. embassy - said the donation reflected the U.S. commitment to Taiwan "as a trusted friend and an important security partner".

"As President Biden has said, 'we will not use our vaccines to secure favours from other countries,'" it said in a statement. "Instead, 'we'll share these vaccines in service of ending the pandemic everywhere.'"

Taiwanese politicians from across the political spectrum also thanked the United States, including the main opposition party, the Kuomintang, which has hammered Tsai for what it says is slow procurement of vaccines.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The United States, like most countries, has no formal diplomatic ties with Taiwan, but is its most important international backer, to China's anger.

The newly arrived 2.5 million doses will more than double the number of vaccines that have come to the island, including 1.24 million AstraZeneca (NASDAQ:AZN) Plc shots donated by Japan this month.

China, which claims democratically governed Taiwan as an integral part of its territory, has offered Chinese-made vaccines, but the government in Taipei has repeatedly expressed concerns about their safety and efficacy.

Despite the pandemic, China has continued to pressure Taiwan militarily, seeking to assert its sovereignty.

Last week, 28 Chinese air force aircraft, including fighters and nuclear-capable bombers, entered Taiwan's air defence identification zone, the largest reported incursion to date.

Taiwan is trying to speed up the arrival of the millions of vaccines it has on order as it deals with a rise in domestic cases, although infections remain comparatively low and have stabilised.

Only around 6% of Taiwan's 23.5 million people have received at least one of the two-shot coronavirus vaccine regimen.

Latest comments

mm
mm
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.