U.S.-Taiwan to sign off on agreements based on Initiative on Trade

Robert Besser
06 Jun 2023, 15:40 GMT+10

Taiwan and the United States are set to sign the first deal under a new trade framework, marking a significant step in strengthening their ties
The trade talks, initiated through the U.S.-Taiwan Initiative on 21st Century Trade, were launched last August after Taiwan was excluded from the larger Indo-Pacific Economic Framework
The agreement, to be signed in Washington, focuses on customs and border procedures, regulatory practices, and small businesses

TAIPEI, Taiwan: Taiwan and the United States are set to sign the first deal under a new trade framework, marking a significant step in strengthening their ties.

The trade talks, initiated through the U.S.-Taiwan Initiative on 21st Century Trade, were launched last August after Taiwan was excluded from the larger Indo-Pacific Economic Framework.

The agreement, to be signed in Washington, focuses on customs and border procedures, regulatory practices, and small businesses. Future negotiations will cover areas such as agriculture, digital trade, labor and environmental standards, state-owned enterprises, and non-market policies.

While an agreement is not expected to impact tariffs, it aims to expand economic cooperation and bolster Taiwan's resilience against economic pressure from China.

Notably, Beijing has consistently opposed such engagements, asserting its claim over Taiwan. Despite this, Taiwan remains firm in rejecting China's sovereignty claims, which have been accompanied by increased military activities in the region.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.

More Information

22 ℃

Partly Cloudy in Elefsis

International Business

Section

Dubai real estate market on fire, billions of dollars in transactions each week

DUBAI, UAE - The bustling real estate market in Dubai has surged to unprecedented heights, reporting transactions valued at over ...

Alibaba head, President Erdogan debate $2 billion funding in Turkey

ANKARA, Turkey: During a meeting, Michael Evans, President of the Alibaba Group, told Turkish President Tayyip Erdogan that the Chinese ...

Pakistan's 40 pc population lives below poverty line: World Bank

Islamabad [Pakistan], September 25 (ANI): Pakistan's 40 per cent of the population lives below the poverty line, as per the ...

"Policies are heavily influenced by vested interests of military...": World Bank warns Pakistan amid crisis

Islamabad [Pakistan], September 24 (ANI): Ahead of the general elections in Pakistan, the World Bank gave a candid warning for ...

Multi-Day Protests Over Economic Crisis Grip Ghana's Capital

ACCRA, ghana - Hundreds of demonstrators gathered in the Ghanaian capital Accra on Saturday for a third day of anti-government ...

West has been blinded by desire to defeat Russia Lavrov

Western politicians are so overwhelmed with the feeling of impunity that they forget about self-preservation, Moscow saysWestern politicians are so ...

Mediterranean

Section