Formal talks start on US-Taiwan Initiative on 21st Century Trade


Taiwan and the United States recently reached a consensus on the negotiating mandate for the US-Taiwan Initiative on 21st-Century Trade announced on June 1 this year.  The negotiating mandate sets out the broad objectives shared by the two sides for the upcoming trade negotiations.  The first round of negotiations is expected to take place early this autumn.

The consensus was reached under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO).

Taiwan and the United States recently reached a consensus on the negotiating mandate for the US-Taiwan Initiative on 21st-Century Trade announced on June 1 this year. The negotiating mandate sets out the broad objectives shared by the two sides for the upcoming trade negotiations. The first round of negotiations is expected to take place early this autumn.

“We plan to pursue an ambitious schedule for achieving high-standard commitments and meaningful outcomes covering the eleven trade areas in the negotiating mandate that will help build a fairer, more prosperous and resilient 21st century economy,” said deputy US trade representative (USTR) Sarah Bianchi in an official press release.

The two sides have set a robust agenda for negotiations on trade facilitation, good regulatory practices, strong anti-corruption standards, enhancing trade between our small and medium enterprises, deepening agriculture trade, removing discriminatory barriers to trade, digital trade, robust labour and environmental standards, as well as ways to address distortive practices of state-owned enterprises and non-market policies and practices, the release said.

The United States will continue to consult with Congress and key stakeholders throughout the negotiations.

Fibre2Fashion News Desk (DS)




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