US and Taiwan to begin formal trade talks, anger China
- The United States and Taiwan have agreed to start trade talks under a new initiative to reach agreements with “economically meaningful outcomes".
- Washington and Taipei unveiled the US-Taiwan Initiative on 21st-Century Trade in June, just days after the Biden administration excluded the Chinese claimed island from its Asia-focused economic plan designed to counter China's growing influence
- The office of the US Trade Representative said the two sides had "reached consensus on the negotiating mandate" and it was expected that the first round of talks would take place early this autumn.
- We plan to pursue an ambitious schedule for achieving high-standard commitments and meaningful outcomes covering the 11 trade areas in the negotiating mandate that will help build a fairer, more prosperous and resilient 21st-century economy
- China, meanwhile, firmly opposes trade talks between the US and Taiwan and says it will take all necessary measures to firmly safeguard its sovereignty, security and development interests
- One China policy is a prerequisite for Taiwan's participation in economic cooperation with foreign countries, Shu Jueting,