Washington and Taipei to begin negotiations later this year in bid to create ‘economically meaningful’ agreements
The United States and Taiwan have agreed to start formal trade negotiations, in a move aimed at building support for Taiwan and ensuring supply chain resilience amid growing hostility from China.
The US trade representative announced the two sides had “reached consensus on the negotiating mandate” for the US-Taiwan Initiative on 21st-Century Trade, which was unveiled in June. It said they wanted to reach agreements with “economically meaningful outcomes”.
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