Negotiations between the United States and Taiwan are poised to recommence in Taipei, focusing on their "21st Century" trade agreement. Scheduled to begin on Monday, these talks, led by the U.S. Trade Representative's office and the Taiwan Economic and Cultural Representative Office in the United States, aim to tackle various intricate issues within their negotiating mandate.
Key topics on the agenda include agriculture, labor, digital trade, environment, and state-owned enterprises. Although these discussions are not anticipated to affect goods tariffs, proponents assert that an agreement would strengthen economic ties between the two nations, facilitate increased American exports to Taiwan, and enhance Taiwan's resilience against economic pressure from China.
It's important to note that Beijing has voiced opposition to such engagements, in line with its stance on high-level interactions between the United States and Taiwan. Despite China's claims of sovereignty over Taiwan, the island adamantly rejects such assertions. These negotiations adhere to the United States' one-China policy and the Taiwan Relations Act, emphasizing Washington's commitment to assisting Taiwan in its defense efforts.
This development unfolds against the backdrop of heightened tensions in the Taiwan Strait, particularly ahead of the May 20 inauguration of Taiwan's president-elect, Lai Ching-te. In June 2023, the U.S. and Taiwan signed an agreement pertaining to customs and border procedures, regulatory practices, anti-corruption measures, and support for small businesses. Notably, the customs agreement aims to streamline processes for U.S. exports to Taiwan through electronic filing of customs forms and duty payments.
Leading the U.S. negotiating team is Terry McCartin, the assistant U.S. trade representative for China, Mongolia, and Taiwan affairs, accompanied by representatives from various government agencies.
These talks are viewed as crucial in fostering bilateral economic cooperation and addressing shared challenges and opportunities.
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