The United States will hold new trade talks with Taiwan, US officials said yesterday, just days after the Biden administration’s move not to include Taipei in its Asia-focused economic plan, which aims to address Beijing’s growing influence. in the area.
Taiwan is claimed by China.
Washington and Taipei “will move quickly to draw up a roadmap” for the planned US-Taiwan 21st Century Trade Initiative in the coming weeks.
For the roadmap, face-to-face meetings will be held in the US capital later in June, two senior US government officials told reporters during a telephone briefing.
The initiative will aim to “reach an agreement with high-level commitments that create a participatory lasting prosperity,” on issues such as customs, anti-corruption, the adoption of common standards in digital commerce, labor rights, high environmental standards. standards, but also efforts to curb state-owned enterprises and off-market practices, said one U.S. official.
This bilateral initiative is partly in line with the Biden administration’s economic framework for the India-Pacific (IPEF) region, an economic partnership involving 13 Asian countries that was recently launched during the US President’s visit to Tokyo.
However, the United States has not invited Taiwan, which has a democratic government, to participate in the IPEF talks.
The countries approached by Washington were negative about their participation in the same group with Taiwan for fear of provoking resentment in Beijing, according to a US official who was involved in the initial talks.
More than 200 members of Congress are in favor of Taiwan’s participation in the IPEF.
The announcement of the talks with Taiwan was made after a digital meeting that took place yesterday, between the US Deputy Trade Representative Sarah Bianchi and the responsible negotiator of Taiwan, John Deng.
Speaking in Taipei, Deng expressed hope that soon there would be an opportunity to reach a free trade agreement, which Taiwan has long sought with the United States, adding that Taipei is still seeking membership in the IPEF. .
Talks with Taiwan are led by Washington, the US Trade Representative’s Office, which will serve several ongoing dialogues with the island, including a US Department of Commerce dialogue on export control. , but also for other issues related to the supply chain, as the American official said.
SOURCE: AMPE
Source: Capital

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