Taiwan tells U.S. it hopes to ‘gradually’ move towards free trade deal

Taiwan's Chief trade negotiator John Deng looks on as he speaks to the media in Taipei
FILE PHOTO: Taiwan’s Chief trade negotiator John Deng looks on as he speaks to the media in Taipei, Taiwan, January 22, 2021. REUTERS/Ann Wang

June 30, 2021

TAIPEI (Reuters) – Taiwan’s chief trade negotiator John Deng told the United States on Wednesday that he hopes the two can “gradually” move towards a free trade agreement as they began long-delayed talks, a deal which would further cement Washington’s support for Taipei.

The Trade and Investment Framework Agreement talks, or TIFA, stalled after former U.S. President Barack Obama left office in 2016 and his successor Donald Trump’s trade representative, Robert Lighthizer, focused his attention on China, the world’s second-largest economy.

In Deng’s opening comments, reported by Taiwan’s Cabinet, he said TIFA could make each other’s economies more prosperous and create more job opportunities.

“We hope that through the TIFA platform, the two sides can continue to deepen their relationship and gradually move towards a free trade agreement,” he added.

The Biden administration has moved to reaffirm its strong commitment to the democratically governed island in the face of pressure from Beijing to try and assert its sovereignty.

Taiwan has long angled for a free trade deal with the United States, though any such agreement with Taiwan would likely irritate Beijing, which says the island is Chinese territory and does not have the right to state-to-state relations.

The top U.S. diplomat in Taiwan, Brent Christensen, told the opening session the resumption of the TIFA talks was an “essential element of our revitalised engagement on trade”.

“I am confident that today’s talks will help put the U.S.-Taiwan economic relationship on the right path for more cooperation and more progress in the future.”

Held virtually, the talks were also attended by Assistant U.S. Trade Representative Terry McCartin and Taiwan’s top diplomat in Washington, Hsiao Bi-Khim.

While Taiwan is a member of the World Trade Organization, many countries are wary of signing trade deals with the tech powerhouse fearing objections from China, though Taiwan does have free trade deals with Singapore and New Zealand.

Last year, Taiwan’s government lifted a ban on the import of pork containing a leanness-enhancing additive, ractopamine, removing a major stumbling block to a deal with Washington.

(Reporting by Ben Blanchard; Editing by Ana Nicolaci da Costa)

Click to comment

Leave a Reply

Your email address will not be published.

Most Popular

To Top