US, Taiwan launch trade talks in challenge to China

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WASHINGTON: The United States and Taiwan launched talks on Wednesday (Jun 1) aimed at deepening their trade ties, in a clear challenge to Beijing. The process, labeled the US-Taiwan Initiative on 21st-Century Trade, follows an agreement President Joe Biden announced last week with

WASHINGTON: The United States and Taiwan launched talks on Wednesday aimed at deepening their trade ties, in a clear challenge to Beijing.

Despite the limited scope of the talks, which a senior administration official said was in keeping with the"unofficial" relationship with Taipei, they are likely to anger Beijing which bristles at any sign Washington is treating the self-governing democracy as an independent nation. Biden also is under pressure to deepen ties with the island after a bipartisan group of 52 senators urged him to include Taiwan in the Indo-Pacific Economic Framework launched last week, which includes about 40 per cent of the global economy.

Deputy USTR Sarah Bianchi and Taiwan's lead trade negotiator John Deng met on Wednesday to launch the new initiative, which the trade agency said"is intended to develop concrete ways to deepen the economic and trade relationship, advance mutual trade priorities based on shared values, and promote innovation and inclusive economic growth for our workers and businesses".

 

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taiwan alot to trade with lol ....?

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