Taiwan, US start trade talks

Taiwan, US start trade talks

1st round of talks between countries to take place in September; China says it rejects any negotiations with the island

The US on Wednesday (08/17/2022) released a trade negotiation plan with Taiwan to finalize “deals with high standard commitments and economically significant outcomes” with the island’s government. The lawsuit comes after tensions with China rose over issues related to the island.

The 21st Century Trade Initiative between the US and Taiwan was announced on June 1st. It defines set goals for establishing a trade relationship between countries. Trading is expected to start in September, early fall.

“We have entered into negotiations with Taiwan under the auspices of AIT and TECRO, which will deepen our trade and investment ties, advance mutual trade priorities based on shared values, and promote innovation and inclusive economic growth for our workers and companies,” said Sarah Bianchi, deputy US trade representative, in a statement.

The trade plan includes agreements on trade facilitation, regulatory best practices, anticorruption standards, improving trade between small and mediumsized enterprises, deepening agricultural trade and removing barriers to trade, digital trade, sound labor and environmental standards. Here is the full document (122 KB in English).

In response, China’s foreign ministry said the deal violated China’s onegovernment principle and sent “wrong signals” to Taiwanese separatist groups.

The country also advised the US not to discount “firm” measures to “defend its sovereignty and territorial integrity”.

“China is always opposed to any country negotiating and signing economic and trade agreements of sovereign connotation and official nature with the Chinese region of Taiwan,” Foreign Ministry spokesman Wang Wenbin told reporters this Thursday (Aug. 18, 2022).

“We demand that the US side strictly adhere to the oneChina principle and the three joint SinoUS communiqués with concrete measures, and stop all forms of official exchanges with Taiwan and refrain from negotiating and signing agreements with the region “, locksmith.

Taiwan

The Taiwan issue is one of the most sensitive issues in the People’s Republic of China. The island has been governed independently since a civil war ended in 1949.

China, on the other hand, regards Taiwan as part of its territory in the form of a splinter province. In the Chinese interpretation, if it attempts its independence, it must be violently prevented.