Taiwanese foreign minister says war could disrupt over 40pct of global trade
Published on: Monday, April 24, 2023
By: Bernama
MOSCOW: Over 40 per cent of global trade will be disrupted in the event of a war in Taiwan, leading to devastating consequences for the whole world, Taiwanese Foreign Minister Joseph Wu said.
"Most of the countries are sure that this [escalation] will not happen as it would be a disaster not only for Taiwan but for China and the entire world. Economic consequences would be massive. Look at Taiwan's location — over 40 per cent of goods delivered across the world are shipped through the [Taiwan] strait.
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“Moreover, Taiwan produces over 60 per cent of chips in the world and 90 per cent of the most advanced semiconductors. A war in Taiwan would lead to disruptions of over 40 per cent of global trade," the official told Spanish newspaper ABC, reported Sputnik.
In the event of the escalation around the island, a Third World War could break out, Wu believes.
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