Trade officials from the U.S. and Taiwan met Monday for the inaugural meeting of the U.S.-Taiwan Initiative on 21st-Century Trade.
“This initiative will unlock market opportunities, promote innovation and create inclusive economic growth for our workers and businesses,” said U.S. Deputy Trade Representative Sarah Bianchi.
The trade officials reaffirmed their shared interest in developing and deepening trade and promoting innovation. They also discussed the development of an ambitious roadmap for negotiations to reach agreements with high-standard commitments and economically meaningful outcomes.
The commitments will cover several trade areas, including trade facilitation, regulatory practices, agriculture, anti-corruption, small- and medium-sized enterprises, digital trade, labor, environment, standards, state-owned enterprises, and non-market policies and practices. The trade officials also held roundtable conversations with several groups of U.S. and Taiwan stakeholders.
Members of Congress and labor and business leaders also shared their views on ways the United States and Taiwan can jointly advance trade policies.
