Taiwan, US stage new trade negotiation round in Taipei

2024/04/30

A new round of negotiations under the Taiwan-U.S. Initiative on 21st Century Trade kicked off April 29 in Taipei City, with the two sides discussing key issues to bring Taiwan’s related regulations further in line with global standards, promote even closer bilateral ties and cement Taiwan’s trusted position in global supply chains.
 
According to the Executive Yuan, the Taiwan delegation is led by Yang Jen-ni, Office of Trade Negotiations deputy trade representative, and comprises officials from the Ministries of Agriculture, Economic Affairs, Environment, Foreign Affairs, the Interior, Labor, and Health and Welfare, as well as the Financial Supervisory Commission and Ocean Affairs Council.
 
The U.S. side is led by Terry McCartin, assistant United States trade representative for China, Mongolia and Taiwan Affairs, and includes representatives from the American Institute in Taiwan and other government agencies.
 
During the five-day negotiations, the two sides will focus discussions on agriculture, labor affairs and the environment. Specific areas of interest include agricultural innovation, food security and market entry; clean energy development and environmental protection; and labor rights protections.
 
Statistics show that Taiwan exports to the U.S. surged 58 percent year on year in the first quarter of 2024 to a record high of US$24.6 billion. The country’s biggest exports to the U.S. last year were computers, related components and peripherals, and semiconductor devices, while leading U.S. exports to Taiwan included airplanes, related components and parts, and computer components and peripherals.
 
Launched June 1, 2022, the trade initiative seeks to forge a roadmap to economic and trade agreements with high-standard commitments.


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