US, Taiwan revive trade negotiations despite opposition from Beijing

Washington — On June 29, the United States and Taiwan resumed trade negotiations five years later. This is a move that has offended Beijing’s communist regime, which claims sovereignty over the island of liberal democracy.

Discussions on the stagnant trade and investment quota agreement (TIFA) in 2016 have resumed. At the virtual conference, US and Taiwanese officials promised to deepen the relationship between trade and investment.

The U.S. Trade Representative, who led the talks, statement Both sides discussed a wide range of issues, including building a resilient supply chain and fighting forced labor and climate change.

After the virtual meeting, Taiwan’s chief trade negotiator, John Den, reiterated Taiwan’s desire for a bilateral trade agreement.

“We have told the United States that Taiwan wants to sign a trade deal,” he told reporters. “I believe that if you do your best, you will eventually reach your goal.”

US trade agencies have promised to strengthen their involvement with Taiwan and have agreed to hold practical-level meetings in the future, but have avoided mentioning negotiations on a comprehensive free trade agreement.

“At a meeting of the TIFA Council, US officials emphasized the importance of the trade-investment relationship between the US and Taiwan and expressed their desire for stronger and more consistent involvement in the future.” A USTR statement states.

Both sides address current market access barriers facing US beef and pork producers and other issues such as “copyright law, digital piracy, financial services, investment, and regulatory transparency.” Agreed to address outstanding trade issues, including.

Due to some of the world’s largest and most advanced chip makers on the autonomous island, Taiwan’s economic and strategic importance has recently increased due to the global shortage of computer chips.

“It’s important to return to the negotiating table to tackle market access barriers and new challenges after nearly five years of negotiating,” Rupert Hammond Chambers, chairman of the US-Taiwan Business Association, told The Epoch Times. Told.

“But this platform is modest, so I hate to take bread crumbs and call it a banquet. For example, real market barriers to investment and taxation need to be resolved with a broader agreement. . “

According to Hammond Chambers, investment and taxes are important areas that impede the free flow of goods and services between the United States and Taiwan.

Epoch Times Photo
China Congress is a co-chair of the Executive Committee Marco Rubio Senator, was held in July (R-Fla.): Hearing on “religion with” Chinese characteristics “persecution and control in China Xi Jinping” Listen to the witnesses and ask questions at the meeting. 23rd, 2015. (Gary Feuerberg / Epoch Times)

A bipartisan group of 42 US Senators Sent a letter This week, it urged US Trade Representative Katherine Tai to resume negotiations on a trade deal with Taipei.

“We urge you to prioritize these negotiations and take steps to begin laying the groundwork for negotiations on a free trade agreement (FTA) or other preliminary agreement with Taiwan,” the Senator said in a letter. Stated.

In August 2020, Taiwan’s Governor Tsai Ing-wen announced the lifting of restrictions on US beef and pork imports, which had been a major obstacle to trade agreements.

“It’s time for the United States to make a round trip and start negotiations. It’s clear that the United States is in a position to benefit a lot from doing so,” the letter said.

Former Under Secretary of State Keith Krach reiterated the same feeling that “free trade agreements are far behind.”

Last year, Clach played an important role in warming relations with Taipei under the Trump administration. He led a delegation to Taiwan and in decades became the top executive of the State Department visiting Taiwan.

Prior to this week’s bilateral meeting, Beijing urged the United States to suspend all forms of official exchanges with Taiwan.

In response, White House spokesman Jen Psaki said at a press conference on June 28, “Support for Taiwan is solid.”

“Taiwan is a major democracy and economic nation and a security partner, and we will continue to strengthen our relations in all areas,” she said, China “in Taiwan. We have taken more and more coercive action to undermine democracy. “

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