President Tsai Ing-wen said on Thursday that Taiwan is sure it can conclude a “high standard” trade agreement with the United States under a new framework.
In June, just days after the Biden administration left the Chinese-claimed island out of its Asia-focused economic strategy intended to challenge China’s expanding influence, Washington and Taipei presented the U.S.-Taiwan Initiative on 21st Century Trade.
Tsai stated that Taiwan would cooperate with the United States to develop even tighter trade and economic ties during a meeting with the bipartisan U.S. legislative delegation in the presidential office.
- We are sure that with this effort, we can establish a high-standard trade agreement and accelerate bilateral trade development, she said, adding that negotiations under the U.S.-Taiwan Initiative on 21st Century Trade will shortly get started.
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