Washington and Taipei will soon kick off formal negotiations on the U.S.–Taiwan Initiative on 21st-Century Trade, announced on June 1, the Office of the U.S. Trade Representative (USTR) said on Aug. 17.
The talks will take place under the auspices of the Taipei Economic and Cultural Representative Office in the United States and the American Institute in Taiwan, according to an Aug. 17 statement. The initiative will involve negotiations on a wide range of subjects, such as good regulatory practices, deepening agricultural trade, boosting trade between the two nations’ small and medium enterprises, trade facilitation, digital trade, labor standards, and addressing distortive practices of state-owned enterprises.
