US-Taiwan Trade Talks Expand Under 21st Century Initiative

US trade negotiators emphasized progress as Washington and Taipei move to widen their commercial partnership. The parties have agreed to deepen collaboration under a structured bilateral framework and have outlined several priority areas for immediate action. The joint statement describes the initial agreement as focused on customs administration and trade promotion, the adoption of good regulatory practices, streamlined internal services regulation, anti-corruption measures, and support for small and medium enterprises. This expanded cooperation reflects a shared goal of creating clearer processes, reducing red tape, and fostering a more transparent trading environment that benefits businesses on both sides of the Pacific. The update signals that both capitals view the 21st Century Bilateral Trade Initiative as a living program, with concrete deliverables that can be scaled or refined as negotiations continue. Source: TASS.