Headline Roundup • August 18th, 2022
US, Taiwan Agree to Talks on New Trade Deal Amid China Tensions
Summary from the AllSides News Team
The United States and Taiwan have agreed to formal talks on a new trade and investment pact, according to the U.S. trade representative.
The talks will include discussion on good regulatory practices, strong anti-corruption standards, trade facilitation, removing discriminatory barriers to trade, digital trade, robust labor and environmental standards, enhancing trade between small and medium enterprises, and deepening agriculture trade, as well as ways to address malpractice by state-owned enterprises.
The news comes after the unveiling on June 1 of the U.S.-Taiwan Initiative on 21st-Century Trade and as tensions between the U.S. and China escalate. The Biden administration recently excluded the Chinese-claimed island from the Indo-Pacific Economic Framework (IPEF), but other leaders have shown direct support. U.S. House Speaker Nancy Pelosi made a controversial visit to Taiwan on August 2, and a U.S. delegation made an unannounced trip there on August 15. The talks are expected to take place this fall, with both sides saying that China's "economic coercion" would also be discussed. Meanwhile, the U.S. and Taiwan will maintain unofficial ties through the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in Washington, D.C.
News sources across the spectrum covered the trade talks prominently Thursday.
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Reuters/Stephen Lam
The United States and Taiwan have agreed to start trade talks under a new initiative to reach agreements with "economically meaningful outcomes", with a Taiwan official saying China's "economic coercion" would also be discussed.
Washington and Taipei unveiled the U.S.-Taiwan Initiative on 21st-Century Trade in June, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence.
The office of the U.S. Trade Representative said the two sides had "reached consensus on the negotiating mandate" and it was expected that...
Robyn Beck/AFP via Getty Images
The U.S. and Taiwan will engage in formal trade talks, the office of the U.S. Trade Representative said.
The talks are connected to the U.S.-Taiwan Initiative on 21st-Century Trade, which was announced on June 1 and comes amid tense U.S-China relations.
"Today, we begin negotiations with Taiwan under the auspices of [the American Institute in Taiwan] and [the Taipei Economic and Cultural Representative Office] that will deepen our trade and investment relationship, advance mutual trade priorities based on shared values, and promote innovation and inclusive economic growth for our workers and businesses," said...
The United States and Taiwan have officially agreed to launch negotiations on a new trade and investment pact, according to statements released by Washington and Taipei.
The two unveiled the US-Taiwan Initiative of 21st Century Trade in June, soon after Taiwan was excluded by US President Joe Biden from the Indo-Pacific Economic Framework (IPEF).
The negotiations would cover 11 topics, including "trade facilitation, good regulatory practices, anti-corruption, SMEs, agriculture, standards, digital trade, labor, environment, state-owned enterprises, and non-market policies and practices," according to a statement by Taiwan's Office of Trade Negotiations on Thursday.
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