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US and Taiwan to Deepen Trade Ties, Plan June Washington Meeting

  • Negotiators to develop roadmap for future pacts in trade areas
  • Congressional approval not needed as no market access sought
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US Plans Taiwan Economic Talks
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The US and Taiwan unveiled a fresh blueprint to deepen their trade relationship focusing on ending forced labor and “harmful non-market policies and practices” as Washington and Beijing vie for sway in the region. 

The plan -- known as the US-Taiwan Initiative on 21st Century Trade -- aims to “develop an ambitious roadmap for negotiations for reaching agreements with high-standard commitments” on areas such as trade facilitation, regulatory practices, agriculture, anti-corruption and supporting small businesses, the Office of the US Trade Representative said in a statement Wednesday.