US to start official trade talks with Taiwan in autumn

“We plan to follow Ambitious timeline to achieve high-level commitments and significant results “It covers all eleven trade areas with negotiating mandate that will help build a fairer, more prosperous and resilient 21st century economy,” Deputy Trade Representative Sarah Bianchi said in a statement.

Such contacts between Taipei and Washington will take place Under the auspices of the Taiwan American Institute, the ‘de facto’ US Embassy in the regionand the Taipei Economic and Cultural Representation Office (TECRO) in the United States.

“The United States will continue to consult with key stakeholders such as Congress and labor, business, environment and other groups during negotiations,” the Office of the Trade Representative said in a statement. Said.

Taiwan Economic and Trade Negotiation Office said in a statement. both sides showed a “high degree of ambition”therefore, it is expected that “concrete results will be achieved as soon as possible and a trade agreement will be signed”.

The initiative, announced last June, “Strengthening investment and trade between Taiwan and the United States“To increase confidence in international investment in Taiwan and to provide Taiwan more opportunities to attract capital and technology”, both from the United States and the world.

China opposes

In this way, “trade facilitation, regulatory enforcement, agriculture, anti-corruption, support for small and medium businesses, digital commerce, labor rights, environment, standards, state-owned companies and practices, and non-governmental policies”. market”.

Chinese after the announcement this Thursday, he stated that he “strongly opposed” the initiative.The State Department warned the United States not to make any deals that could imply Taiwanese sovereignty.

Shu Jueting, spokesman for China’s Ministry of Commerce, urged Washington to “carefully manage economic and trade relations with Taiwan and fully respect China’s fundamental interests,” as reported by news agency Bloomberg.

The Biden Administration is in separate trade negotiations with thirteen Asian countries. Initiating an economic plan in the region called the Indo-Pacific Economic Framework for Welfare (IPEF), of which Taiwan is not a part.

Washington views the IPEF as an important tool to counter China’s influence in Asia after the US withdrew from the Trans-Pacific Partnership regional trade deal talks as part of former President Donald Trump’s isolationist policy.

China had already stated at the time that this action was a deceptive US strategy presented under the banner of “freedom and openness”, whereas in reality it only wants to create “small circles”. Includes Beijing.

Source: Informacion

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