U.S. and Taiwan officials have today outlined plans for formal negotiations on a sweeping trade treaty in the face of further threats from China's government
Beijing has previously used trade ties to exert political pressure on governments, as happened last year when it essentially banned imports of products made in Lithuania after Vilnius opened a Taiwan trade office.
Closer trade ties with the U.S. could help strengthen Taiwan's resilience if it were to face trade-related coercion from China.The first round of negotiations on the U.S.-Taiwan Initiative on 21st Century Trade is expected to take place early this fall, perDeputy U.S.
Among the topics on the agenda for negotiations are agriculture, digital trade, labor environmental standards, "removing discriminatory barriers to trade," addressing "distortive practices of state-owned enterprises and non-market policies and practices," the Office of the U.S. Trade Representative said.
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