Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Taiwan says European countries helping with submarine project

Published 04/02/2021, 09:35 PM
Updated 04/03/2021, 12:15 AM
© Reuters. FILE PHOTO: The Hai Lung SS-793 diesel-electric submarine emerges from underwater during a during a drill near Yilan naval base

TAIPEI (Reuters) - European countries are providing help for Taiwan's indigenous submarine project, the island's defence ministry said, in a rare admission that the sensitive programme is not getting assistance solely from the United States.

Taiwan, which China claims as its own territory, has worked for years to revamp its submarine force, some of which dates back to World War Two. It is no match for China's fleet, which includes vessels capable of launching nuclear weapons.

The U.S. government in 2018 gave the green light for U.S. manufacturers to participate in the programme, a move widely seen as helping Taiwan secure major components, though it is unclear which U.S. companies are involved.

In a statement late Friday, Taiwan's Defence Ministry denied a report in U.S.-based publication The National Interest, which cited Taiwanese news reports from 2019, that North Korea had discussed helping Taiwan with the submarines.

"In the development of our submarines there has never been, there is not now and will never be any contact with North Korea; assistance is all provided by important countries in Europe and the United States," it said, without giving details.

European countries are generally wary of allowing arms sales to Taiwan due to fear of angering China, though in 2018 Taiwan said it was talking to a company based in the British territory of Gibraltar about the new submarine fleet's design.

Two of Taiwan's four active submarines were built in the Netherlands in the 1980s, though the country subsequently refused to sell further ones to the island.

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

France has also sold Taiwan frigates and fighter jets. Taiwan said last year it was seeking to buy equipment from France to upgrade the ships' missile interference system.

State-backed CSBC Corporation Taiwan began building the new submarines last year, aiming to deliver the first of the eight planned vessels in 2025.

Taiwan's defence minister said last month it that the United States had approved the export of sensitive technology to equip the fleet.

Latest comments

Wonder if china will continue to threaten them. Why china refuses to let people be in peace and allow the oceans to be neutral is beyond me
Why is it beyond you?... this is an easy question, this is China's internal affair... just like if Alaska were to break away, then it would be our internal affair...
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.