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International News: U.S. and Taiwan to discuss formal trade negotiations

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Posted: Monday, August 29, 2022. 10:31 am CST.

By Zoila Palma Gonzalez: U.S. officials have announced that they will commence formal trade negotiations with Taiwan, BBC reports.

The Office of the U.S. Trade Representative says that discussions will begin in early fall.

Those discussions will include talks on trade facilitation, digital trade, and anti-corruption standards.

There have been heightened relations following the visit of U.S. House Speaker, Nancy Pelosi to Taiwan.

And under the “One China policy”, the US recognizes and has formal ties with China rather than the island of Taiwan but maintains a “robust unofficial” relationship with Taiwan.

The U.S.-Taiwan Initiative on 21st Century Trade was first unveiled in June.

“We plan to pursue an ambitious schedule…. that will help build a fairer, more prosperous, and resilient 21st-century economy,” said Deputy United States Trade Representative Sarah Bianchi.

 

 

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