Taiwan, US conclude meetings on 21st-century trade initiative

2022/11/14

The two-day meeting of the Taiwan-U.S. Initiative on 21st-Century Trade wrapped up Nov. 9 in New York City, underscoring the commitment of the like-minded partners to continued expansion of economic and trade ties.
 
Staged in-person under the auspices of the Taipei Economic and Cultural Representative Office in the U.S. and American Institute in Taiwan, the event was led by Yang Jen-ni, deputy trade representative of the Cabinet-level Office of Trade Negotiations, and Assistant United States Trade Representative Terry McCartin.
 
According to the Executive Yuan, the Taiwan delegation comprises officials from TECRO, the Ministries of Economic Affairs, Finance and Justice, and the National Development Council, while the U.S. delegation includes representatives from the National Economic Council, Departments of Commerce and Treasury, the Small Business Administration and the Food and Drug Administration.
 
The two sides exchanged views on concepts pertaining to trade areas set out in the initiative’s negotiating mandate announced Aug. 18, with discussion focusing on legal systems, as well as policies and practices for maintaining favorable business environments, the EY said.
 
Launched June 1, the Taiwan-U.S. Initiative on 21st-Century Trade encompasses key areas such as the digital economy, trade facilitation, enhanced regulatory practices, support of small and medium enterprises, environmental and climate action, promotion of standards, and the handling of nonmarket policies and practices.


Source: Taiwan Today (https://taiwantoday.tw/index.php)