The American Chamber of Commerce in Taiwan stated in its annual policy paper released on Wednesday that the United States should “urgently” begin negotiations with Taiwan on a free trade agreement with the intention of presenting a finished text for approval next year.
As a powerful demonstration of solidarity for the Chinese-claimed island in the face of Beijing’s relentless diplomatic and military pressure, Taiwan has long advocated for such a pact. It claims to be a dependable ally of the United States with whom it shares democratic ideals.
The Biden administration this month omitted Taipei from its Asia-focused economic strategy intended to offset China’s expanding influence, the Indo-Pacific Economic Framework, or IPEF, despite the fact that Taiwan enjoys substantial bipartisan backing in the Congress and the Senate.
AmCham Taiwan urged the government to ‘urgently’ begin negotiations on a bilateral trade agreement (BTA) with Taiwan, with a ‘final text presented for passage in 2024,’ according to their statement.
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