Loading...
The Financial Express

Taiwan, United States to hold trade talks today

| Updated: June 28, 2022 18:34:21


Flags of Taiwan and U.S. are placed for a meeting in Taipei, Taiwan on March 27, 2018 — Reuters/Files Flags of Taiwan and U.S. are placed for a meeting in Taipei, Taiwan on March 27, 2018 — Reuters/Files

Taiwan and the United States will hold trade talks on Monday under a newly agreed framework, the office of the US Trade Representative said.

Deputy US Trade Representative Sarah Bianchi will meet the island's top trade negotiator, John Deng, to discuss an initiative on 21st-century trade, her office said, without providing details, reports Reuters.

The initiative was unveiled this month, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence, the Indo-Pacific Economic Framework, or IPEF.

Taiwan still hopes to eventually seal a free trade deal with the United States, Deng told Reuters news agency.

The United States does not have official ties with Taiwan, a major producer of semiconductors, but has been stepping up engagement as China seeks to isolate it from global institutions.

Share if you like