Since establishing diplomatic relations in 1999, Taiwan and Palau have cooperated closely in the fields of medicine, agriculture, education, clean energy, information and communications technology, and infrastructure, maintaining regular progress in our cooperative projects and revising these projects on a rolling basis as needed. When President Whipps visited Taiwan in October this year, our two countries signed an Agreement on Public Finance Cooperation, an Agreement Concerning the Acceptance of Seagoing Service, Education and Training of Seafarers, a Letter of Intent for Tourism Revitalization, and a Letter of Intent for Aquaculture Development Cooperation. In addition, during his trip to Palau, Vice President Lai engaged in baseball diplomacy, further diversifying the scope of our bilateral cooperation. President Whipps expressed his great satisfaction with the accomplishments of Vice President Lai's trip, openly proclaiming that the Republic of China (Taiwan) has given Palau new hope and that the visiting delegation had hit a "grand slam plus one."