Washington – Trade officials met this week in Taipei, Taiwan, to hold a negotiating round for the U.S.-Taiwan Initiative on 21st Century Trade. At the conclusion of these talks, the Office of the U.S. Trade Representative released a readout noting progress of the negotiations.
Last June, the Biden administration announced the launch of the economic and trade partnership between the U.S. and Taiwan to “advance and deepen the important U.S.-Taiwan economic and trade relationship.” The initiative seeks to reach “agreements with high-standard commitments and economically meaningful outcomes” in 11 trade issue areas, including digital trade, regulatory practices, standards, and access to technology for small and medium enterprises.
The Computer & Communications Industry Association filed comments with the Office of the U.S. Trade Representative detailing recommendations on priorities for the U.S.-Taiwan Initiative on 21st-Century Trade.
The following can be attributed to CCIA Vice President of Digital Trade Jonathan McHale:
“As both a vibrant democracy and a pioneer in expanding the benefits of technology, Taiwan has long been a key partner for the United States in the digital economy. CCIA looks forward to seeing further details on the development of enforceable rules through this initiative that will set a benchmark for trusted, resilient and open markets, to better serve consumers and businesses in both economies.”