October 1, 2023


Passion For Business

U.S. and Taiwan Set Date to Revive Trade and Investment Talks

TAIPEI—The U.S. will revive trade and financial investment talks with Taiwan following 7 days in a move meant to draw Washington and Taipei closer that also is very likely to irk Beijing.

The de facto U.S. embassy in Taipei, the American Institute of Taiwan, reported Friday that its director,

Brent Christensen,

and Taiwan’s consultant in the U.S.,

Bi-Khim Hsiao,

will convene a meeting by videoconference Wednesday with members from the Business office of the U.S. Trade Agent and Taiwan’s trade office.

An announcement was anticipated following Secretary of Point out

Antony Blinken

reported before this thirty day period that Washington planned to engage with Taiwan quickly on trade, without the need of sharing a timeline.

The two sides will engage below a trade and financial investment framework very first signed in 1994. These agreements create the foundation for recurring dialogue on trade troubles, and from time to time serve a precursor to comprehensive-fledged free of charge-trade agreements. Taipei and Washington final fulfilled below the framework in 2016.

Taiwan’s Overseas Ministry did not quickly answer to a ask for for remark.

In the previous yr, the U.S. Point out Office sponsored decreased-amount discussions on closer economic and organization relations, helping lay the groundwork for more really serious talks. Taiwanese President Tsai Ing-wen, eager for closer engagement with the U.S., eased a ban on imports of American beef and pork in a bid to spur talks that she hoped would lead to a comprehensive bilateral trade agreement identical to all those the U.S. has with main economic associates like Canada and Mexico.

The U.S. Trade Agent below previous President

Donald Trump,

Robert Lighthizer, declined to launch trade talks with Taiwan, in element because he wanted to preserve the Trump administration’s framework for trade cooperation with Beijing, according to people acquainted with the subject.

The revival of discussions below

President Biden

is the newest indicator of the new U.S. administration’s intention to keep on cultivating ties with Taiwan. Just lately, the U.S. transported 2.five million vaccine doses to Taiwan, featuring considerably-essential help to the island as it battles a spike in domestic Covid-19 cases. Only a fraction of Taiwan’s 24 million people have been administered vaccines.

China’s Taiwan Affairs Business office and Ministry of Overseas Affairs did not quickly answer to a requests for remark sent following organization several hours on Friday.

Taiwan has extended been a U.S.-China flashpoint, but its tech and army abilities have occur into sharper aim below the Biden administration. WSJ travels to three destinations on the island to explain how both superpowers could establish Taiwan’s long term. Picture: Wally Santana/AP

The Chinese govt opposes all sorts of formal trade between the U.S. and Taiwan and has objected to the trade talks as nicely as to the U.S. vaccines. Beijing regards the democratically self-dominated island as a element of Chinese territory and has vowed to use army pressure if necessary to acquire around the island.

Very last 7 days, Beijing sent 28 army plane into airspace in close proximity to Taiwan—the largest amount of these sorties documented in a one day—after the Group of 7 leaders issued a communiqué expressing a unified stance on the great importance of peace and stability across the Taiwan Strait.

The U.S. is Taiwan’s second-largest trading spouse. Taiwan is the world’s major supplier of advanced semiconductors, exporting billions of dollars well worth in chips and laptop and telecommunications machines to the U.S. final yr.

The U.S. has not experienced an embassy in Taiwan due to the fact it agreed to downgrade ties with Taipei more than 40 several years in the past, a issue set by Beijing for formal diplomatic relations. It set up a personal firm staffed with diplomats to take care of relations with the island rather.

Publish to Chao Deng at [email protected]

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