TAIPEI, Taiwan—The United States and Taiwan have agreed to a new trade initiative after the island was excluded from the new Indo-Pacific Economic Framework that President Joe Biden launched in May.
The new agreement, formally called the U.S.-Taiwan Initiative on 21st-Century Trade, was announced following a June 1 virtual meeting between Deputy U.S. Trade Representative Sarah Bianchi and Taiwan’s top trade negotiator, John Deng, according to a June 1 press conference held in Taipei.
