Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsOther languagesMarketScreener Strategies

Taiwan, U.S. to hold long-stalled trade talks next week

06/25/2021 | 05:46am EDT

TAIPEI (Reuters) - Taiwan and the United States will hold trade talks next week, the de facto U.S. embassy in Taipei said on Friday, resuming long-stalled discussions as Washington seeks to deepen its support for the Chinese-claimed island.

The Trade and Investment Framework Agreement talks, or TIFA, stalled after former U.S. President Barack Obama left office in 2016 and his successor Donald Trump's trade representative, Robert Lighthizer, focused his attention on China, the world's second-largest economy.

The TIFA Council meeting would be held virtually on Wednesday, opened by the top U.S. diplomat in Taiwan, Brent Christensen, and Taiwan's top diplomat in Washington, Hsiao Bi-Khim, the U.S. diplomatic mission on the island, the American Institute in Taiwan (AIT), said.

The Office of the U.S. Trade Representative and Taiwan's Office of Trade Negotiations will serve as the "chief consultants" for the talks, it added.

"AIT looks forward to using the TIFA process to strengthen the strategic trade and investment partnership that exists between our two economies," it said in a statement.

Taiwan had been cautiously optimistic about resuming the high level trade talks with Washington this year after U.S. Secretary of State Antony Blinken signalled a possible resumption this month.

The Biden administration has moved to reaffirm its strong commitment to the democratically governed island in the face of pressure from Beijing to try and assert its sovereignty.

Taiwan has long angled for a free trade deal with the United States, though any such agreement with Taiwan would likely irritate Beijing, which says the island is Chinese territory and does not have the right to state-to-state relations.

While Taiwan is a member of the World Trade Organization, many countries are wary of signing trade deals with the tech powerhouse fearing objections from China, though Taiwan does have free trade deals with Singapore and New Zealand.

Last year, Taiwan's government lifted a ban on the import of pork containing a leanness-enhancing additive, ractopamine, removing a major stumbling block to a deal with Washington.

(Reporting by Ben Blanchard; Editing by Robert Birsel)

© Reuters 2021
All news about MSCI TAIWAN (STRD)
06:34aAsian Stock Markets Decline on Beijing, Pandemic Outlooks
06:32aTaiwan's Q2 GDP growth slows but exports remain strong
06:08aDOW JONES FXCM DOLLAR INDEX : ING Says Taiwan's Q2 GDP Grows Strongly But Its De..
06:04aEVEREST MEDICINES : Taiwan to Expedite Review of Everest Medicines' Breast Cance..
04:33aTaiwan's Second-Quarter GDP Jumped, Despite Local Covid-19 Resurgence
03:41aThai Oil shares fall on financing plans for $1.2 billion Indonesia acquisitio..
01:33aTAIWAN SEMICONDUCTOR MANUFACTURING : Apple supplier TSMC reports gas contaminati..
07/29Asian Stock Markets Gain on Beijing, Federal Reserve Outlooks ;Tech Sector Su..
07/29Singapore fuel oil stocks fall as exports to China jump
07/29EQS-ADHOC : INFICON strongly on track
More news
Duration : Period :
MSCI TAIWAN (STRD) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MSCI TAIWAN (STRD)
Short TermMid-TermLong Term