Washington and Taiwan brave Beijing and start trade talks

Washington and Taiwan brave Beijing and start trade talks

The day after the incursion of thirty Chinese aircraft into Taiwan’s air defense zonewhich is under constant threat of an invasion of China, the United States and Taiwan launched on Wednesday 1er June, bilateral trade talks. They thus brave Beijing, which regards the island as one of its provinces, promising to reclaim it by force if necessary, and refuses to enter into any official relations with foreign countries. The launch of trade talks with Washington could provoke a strong reaction from the Chinese government.

US Deputy Trade Representative Sarah Bianchi and Taiwan Minister John Deng met “Virtually” and launched “The United States-Taiwan Trade Initiativee century, with the aim of developing concrete ways to deepen “ economic and trade relations, according to a statement from the US ambassador for trade.

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The first meeting is to be held “Later this month in Washington under the auspices of Tecro”, the Taipei Office of Economic and Cultural Representation in the United States and the American Institute in Taiwan. Tecro represents Taiwan’s interests in the United States in the absence of formal diplomatic relations, functioning as a de facto embassy.

The aim of the initiative launched on Wednesday is to facilitate trade, to adopt “Healthy and transparent practices” or to co-operate in favor of the environment or climate action, the US trade ambassador detailed. They have too “Intention to explore provisions to facilitate agricultural trade” or to fight corruption.

“A binding framework agreement”

Washington and Taipei said last week that they had decided to strengthen their trade relations. The United States and Taiwan have been linked since 1994 by a “framework” for trade and investment.

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Taipei also joined the World Trade Organization (WTO) in 2002, which has contributed to the growth of bilateral trade. The United States is, in fact, Taiwan’s largest partner and arms supplier. The next step in the economic relationship would be a formal trade agreement, which is currently awaited in a complex political context. “I hope this initiative will lead to a binding framework agreement.”said a US administration official during a conference call with reporters.

The United States, like most countries, does not officially recognize Taiwan, but strongly supports the island, whose status it emphasizes. “Democratic” by opposing it to what they consider to be one “Autocracy” Chinese.

The initiative was also launched shortly after the announcement of a new Asia-Pacific economic partnership, which was unveiled on May 23 by President Joe Biden during a tour of Asia. The economic framework for the Indo-Pacific (Indo-Pacific Economic FrameworkIPEF) is not a free trade agreement, but it is supposed to counterbalance China by facilitating integration between its signatory countries via the adoption of common standards in the digital sector, supply chains, green energy and the fight against corruption.

Beijing, which felt deliberately excluded, had made it clear. Washington is looking “To form small cliques in the name of freedom and openness”, hoping “Contain China”had criticized Chinese Foreign Minister Wang Yi, considering the US project “Vow” to failure. Taiwan is not yet part of the IPEF, but a senior US official said it was not ruled out.

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The World with AFP

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