U.S. approves potential sale of anti-tank systems to Taiwan for $180 million By Reuters
2022-12-29 12:25:04
more 
471

(Reuters) -The U.S. State Department has approved the possible sale of Volcano anti-tank mine-laying systems to Taiwan for an estimated $180 million, the Pentagon said on Wednesday.

(NYSE:) and Oshkosh (NYSE:) Corporation are the prime contractors for the potential sale.

U.S. law requires the executive branch to notify Congress of potential arms sales that are over a certain amount. But these notifications are usually not made unless lawmakers have given the State Department and Pentagon informal approval to move ahead.

The potential deal comes as China ramps up military, diplomatic and economic pressure on Taiwan to assert its sovereignty claims, including almost daily Chinese air force missions near the island during the past three years.

Taiwan's defence ministry said in a statement that the sale would take effect in about a month and that the system would help boost the island's "asymmetric warfare" capacity to make its forces more agile.

"The Chinese Communist Party's frequent military activities near Taiwan have posted severe military threats to us," the ministry said, adding that continuous U.S. military sales are the "cornerstone of maintaining regional stability and peace."

The United States is Taiwan's strongest international backer and main source of arms, which angers China.

China claims self-governed Taiwan as its own territory and vows to take the island by force, if necessary. Taiwan strongly rejects Beijing's sovereignty claim and says it will defend itself if attacked.

Statement:
The content of this article does not represent the views of fxgecko website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

Related News

您正在访问的是FxGecko网站。 FxGecko互联网及其移动端产品是中国香港特别行政区成立的Hitorank Co.,LIMITED旗下运营和管理的一款面向全球发行的企业资讯査询工具。

您的IP为 中国大陆地区,抱歉的通知您,不能为您提供查询服务,还请谅解。请遵守当地地法律。