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US and Taiwan begin trade negotiations

todayAugust 27, 2022 23

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The Office of the United States Trade Representative has stated that the first round of negotiations will begin in “early fall.” Standards for facilitating trade, digital commerce, and combating corruption will all be on the table for their debate. Tensions between the United States and China have further escalated after Ms. Pelosi’s trip to China.


As of this month, the United States and Taiwan said they had “reached an accord on the negotiation mandate” for the United States-Taiwan Initiative on 21st Century Trade, which was announced back in June. U.S. Deputy Trade Representative Sarah Bianchi said, “We plan to pursue an ambitious timeline… that will help construct a fairer, more affluent, and more resilient 21st century economy.”

The value of goods traded between the United States and Taiwan in 2020 was almost $106 billion, or £88 billion. After Ms. Pelosi’s visit in early August, China began its largest-ever military drills around Taiwan, and this declaration comes as a direct result. The United States maintains a “strong unofficial” relationship with Taiwan, including continuing weaponry deliveries to the island for its defence, despite the fact that it has official ties with China rather than the island of Taiwan under the “One China policy.” Beijing thinks of the autonomous island as part of its own territory that has broken away and needs to be brought back together with the mainland.


Taiwan, on the other hand, is a self-governing island that considers itself separate from the Chinese mainland. The US East Asia envoy resigned in a separate statement on Thursday. Increasing pressure from Beijing “threatens the peace and stability of the Taiwan Strait,” as stated by Daniel Kritenbrink. “We will continue to take calm but decisive steps to safeguard peace and stability in the face of Beijing’s continued efforts to undermine it and to defend Taiwan in keeping with our long-standing policy,” he said.

Written by: Relaks Radio

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