NDC denies investment speech at Pompeo’s meeting

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A National Development Council (NDC) meeting with former US Secretary of State Mike Pompeo did not include discussion of Taiwanese investments in a company, local media reported, the agency said yesterday.

Discussions at last week’s meeting focused on global economic conditions, NDC Minister Kung Ming-hsin (龔明鑫) said in a statement among reports that Pompeo was seeking government investment in Anarock Global Partners.

The NDC said it welcomes cooperation with foreign companies to create investment opportunities and strengthen the economy, adding that contact between the board and foreign companies is normal.

Photo: Chu Pei-hsiung, Taipei Times

The Chinese language United Daily News On Friday he reported that Pompeo was using his four-day visit to Taiwan to pressure government investment in Anarock from pension, labor and national development funds.

The report said Pompeo and Anarock chief investment officer Gino Ramadi met with US representative Hsiao Bi-khim (蕭美琴) in July to discuss possible investments by government-managed funds.

At the end of the meeting, the Ministry of Foreign Affairs (MOFA) asked government bodies – such as NDC, Ministry of Labor, Ministry of Public Administration, Ministry of Economic Affairs and Central Bank – to present evaluations for a possible collaboration with foreign asset management, the paper said.

The MOFA yesterday denied the report in a statement, saying it was an affront to Pompeo’s reputation.

MOFA Deputy Spokesperson Tsuei Ching-lin (崔靜麟) said the ministry does not deal with investment matters, although it does forward information on potential investment opportunities to relevant authorities.

The report was intended to discredit the government and allies like Pompeo, Tsuei said.

The NDC confirmed that it conducted a US investment opportunity assessment on behalf of the MOFA in July or August last year, although no investment decisions were made.

NDC’s meeting with Pompeo was unrelated to investments in Anarock, the board said, adding that the relationship was based on speculation.

Pompeo’s itinerary for his visit from Wednesday to yesterday showed that he met with representatives from several Taiwanese companies, including I-Mei Foods, China Steel, Powerchip Semiconductor and Formosa International Hotels.

He also held a virtual meeting with Taiwan Semiconductor Manufacturing President Mark Liu (劉德 音), who thanked Pompeo for supporting the company’s $ 12 billion investment in an Arizona wafer factory during his tenure as United States Secretary of State.

Separately, the government-affiliated Prospect Foundation said yesterday it signed a deal with a US agency for Pompeo to give a paid speech in Taipei on Friday, adding that paying high-profile figures for appearances is an accepted practice.

The statement was released after the new Chinese-language site CNews reported that Pompeo received $ 150,000 for the speech, under the terms of an agreement signed by the Taipei Economic and Cultural Representative Office in the United States and Premiere Speakers Bureau. , a company representing motivational, keynote and political speakers.

Pompeo concluded his visit yesterday afternoon and left with his delegation for Singapore.

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