US and Taiwan seek trade ties amid tensions with China

USA Y Taiwan agreed to start trade talkswhich will begin in early fall, as part of a new initiative to boost relationships even as tensions with China for the autonomous island.

The negotiations would cover a variety of areas, including agriculture, digital commerce, good regulatory practices and the removal of trade barriers, the Office of the US Trade Representative said in a statement.

The Taiwan Trade Negotiations Office on Thursday confirmed the planned start of the formal talks, saying it hopes the talks will attract more U.S. and foreign investment and clear the way for Taiwan to become part of international trade blocs such as the Trans-Pacific Comprehensive and Progressive Partnership. (CPTPP).

Taiwan aims for an eventual free trade agreement

Taiwan is aiming for an eventual free trade agreement. What is China’s view on the proposed talks?

The possibility of talks, known as the US-Taiwan Initiative on 21st Century Trade, was unveiled in June.

“We plan to follow an ambitious timeline to deliver high-level commitments and meaningful outcomes covering all eleven trade areas in the negotiating mandate that will help build a fairer, more prosperous and resilient 21st century economy,” said Deputy Trade Representative for the United States, Sarah Bianchi. she said she.

In Taiwan, the island’s top trade negotiator, John Deng, said he hoped talks could start next month and that this could one day lead to a free trade deal the island has long sought with the US. USA

The announcement comes after China conducted its largest-ever military exercise around Taiwan, which Beijing claims as its territory, following a visit by US House Speaker Nancy Pelosi earlier this month. .

Pelosi became the highest-ranking member of the Washington administration to visit Taiwan in 25 years.

It may interest you: Location of Taiwan and the origin of the conflict between the United States and China

What is China’s view on the proposed talks?

What is China’s view on the proposed talks?

As we report in AmericanPost.NewsChina expressed opposition to the new Taiwan-US trade initiative.

“China will take resolute measures to defend its national sovereignty and territorial integrity,” Foreign Ministry spokesman Wang Wenbin said. “We advise the United States to stop making misjudgments.”

The United States has no official diplomatic relations with Taiwan, but maintains extensive informal contacts through the unofficial American Institute in Taiwan.

The United States also provides considerable political and military support to Taipei.

Follow us on Google News, Facebook and Twitter to stay informed with today’s news!

Follow us on our Instagram account