Taiwan: formal discussions expected in the fall with the United States with a view to a trade agreement

The United States and Taiwan will begin formal negotiations for a trade and investment agreement this fall, the office of the US Trade Representative announced on Wednesday (August 17th). These discussions represent a new stage in the strengthening of their relations, against a backdrop of strong tensions with China. “We welcome this opportunity to deepen economic collaboration between our two freedom-loving countries while shaping a new model of business cooperation in the Indo-Pacific.”tweeted the Taiwan Ministry of Foreign Affairs.

The formal launch of these discussions is further evidence of the United States’ desire to get closer to Taiwan, which is already an important trading partner.

Strengthening “trade” and “investment”

In early August, the Speaker of the US House of Representatives, Nancy Pelosi, visited the island, followed by a group of US parliamentarians on Monday. The Chinese authorities considered the visit of the Democratic leader to the House of Representatives as a provocation and responded with trade sanctions imposed on Taiwan as well as manœmilitary works near the island. Lhe United States said on Thursday it expects Beijing to strengthen in the “weeks and months” to come its “coercion” military, economic and diplomatic on Taiwan.

Taipei and Washington have already been linked since 1994 by a “frame” on trade and investment, which is not a formal agreement. A trade agreement “will enhance trade and investment”and “will promote innovation and inclusive economic growth for our workers and businesses”said Sarah Bianchi, Assistant to the US Trade Representative.

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