US, Taiwan wrap up productive trade meeting in New York, says USTR
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Despite the lack of formal diplomatic ties, the US has been keen to bolster support for Taiwan.
PHOTO: REUTERS
WASHINGTON - Taiwan and the United States concluded two days of productive trade talks in New York on Wednesday, the office of the US Trade Representative (USTR) said.
The meetings were part of the US-Taiwan Initiative on 21st-Century Trade, a programme opposed by China, which views self-governing Taiwan as its own territory.
“During the meetings, the two sides exchanged views on the key concepts to be addressed in several of the trade areas set out in the negotiating mandate for this new initiative,” USTR said.
The US delegation included representatives from USTR, the National Economic Council, the Department of Commerce, the Department of Treasury, the Small Business Administration, and the Food and Drug Administration, USTR said.
Both sides agreed to hold additional meetings “in the near future”, it added.
Washington and Taipei unveiled the framework in June days after the Biden administration excluded Taiwan from its Asia-focused economic plan designed to counter China’s growing influence.
It includes negotiations on 11 areas of trade, including trade facilitation, good regulatory practices, anti-corruption, agriculture, digital trade, labour, and the environment.
China has said it firmly opposes the new trade talks.
Despite the lack of formal diplomatic ties, the US has been keen to bolster support for Taiwan, especially as it faces increased political pressure from China to accept its sovereignty claims. REUTERS
