Total 40 Posts
The United States and Taiwan, under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO), held an in-person negotiating round for the U.S.-Taiwan Initiative on 21st Century Trade in Washington, D.C. from August 14-18,
Yesterday, President Biden signed into law H.R. 4004, the “United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act,” which "approves" the June 1, 2023 trade agreement between the United States and Taiwan, and establishes requirements for consulting with Congress on future trade agreements between the two.
The legislation still needs to be considered by the Senate; legal and political impact unclear.
Legislation may only have limited impact on Biden administration approach to Taiwan trade.
MOFCOM spokesperson expressed "firm opposition" against both.
USTR announced today that the United States and Taiwan "have concluded negotiations on the U.S.-Taiwan Initiative on 21st Century Trade," and released the full text of an agreement.