U.S. and Taiwan Set Date to Revive Trade and Investment Talks

- Advertisement -

TAIPEI—The U.S. will revive trade and investment talks with Taiwan next week in a move intended to draw Washington and Taipei closer that also is likely to irk Beijing.

The de facto U.S. embassy in Taipei, the American Institute of Taiwan, said Friday that its director,

Brent Christensen,

and Taiwan’s representative in the U.S.,

Bi-Khim Hsiao,

will convene a meeting by videoconference Wednesday with participants from the Office of the U.S. Trade Representative and Taiwan’s trade office.

An announcement was anticipated after Secretary of State

Antony Blinken

said earlier this month that Washington planned to engage with Taiwan soon on trade, without sharing a timeline.

The two sides will engage under a trade and investment framework first signed in 1994. Such agreements create the basis for recurring dialogue on trade issues, and sometimes serve a precursor to full-fledged free-trade agreements. Taipei and Washington last met under the framework in 2016.

Taiwan’s Foreign Ministry didn’t immediately respond to a request for comment.

In the past year, the U.S. State Department sponsored lower-level discussions on closer economic and business relations, helping lay the groundwork for more serious talks. Taiwanese President Tsai Ing-wen, eager for closer engagement with the U.S., eased a ban on imports of American beef and pork in a bid to spur talks that she hoped would lead to a full bilateral trade agreement similar to those the U.S. has with major economic partners like Canada and Mexico.

The U.S. Trade Representative under former President

Donald Trump,

Robert Lighthizer,

declined to launch trade talks with Taiwan, in part because he wanted to preserve a trade agreement with Beijing, according to people familiar with the matter.

The revival of discussions under

President Biden

is the latest indication of the new U.S. administration’s intention to continue cultivating ties with Taiwan. Recently, the U.S. shipped 2.5 million vaccine doses to Taiwan, offering much-needed help to the island as it battles a spike in domestic Covid-19 cases. Only a fraction of Taiwan’s 24 million people have been administered vaccines.

China’s Taiwan Affairs Office and Ministry of Foreign Affairs didn’t immediately respond to a requests for comment sent after business hours on Friday.

Taiwan has long been a U.S.-China flashpoint, but its tech and military capabilities have come into sharper focus under the Biden administration. WSJ travels to three places on the island to explain how both superpowers could determine Taiwan’s future. Photo: Wally Santana/AP

The Chinese government opposes all forms of official exchange between the U.S. and Taiwan and has objected to the trade talks as well as to the U.S. vaccines. Beijing regards the democratically self-ruled island as a part of Chinese territory and has vowed to use military force if necessary to take over the island.

Last week, Beijing sent 28 military aircraft into airspace near Taiwan—the largest number of such sorties reported in a single day—after the Group of Seven leaders issued a communiqué expressing a unified stance on the importance of peace and stability across the Taiwan Strait.

The U.S. is Taiwan’s second-largest trading partner. Taiwan is the world’s biggest supplier of advanced semiconductors, exporting billions of dollars worth in chips and computer and telecommunications equipment to the U.S. last year.

Write to Chao Deng at Chao.Deng@wsj.com

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Latest news

While you were sleeping: How Canada performed Wednesday, Thursday at Tokyo Olympics – National

Canada won its first rowing medal at the Tokyo Olympics on Thursday, continuing the women athletes’ dominance in these Summer Games. Here’s what else you...

U.S. Stock Futures Edge Up Ahead of Jobless Figures, GDP Data

U.S. stock futures edged up ahead of data that are expected to show a decline...

Australian Olympic track team isolating after U.S. athlete tests positive for COVID-19 – National

American double world champion pole vaulter Sam Kendricks and German Chiaraviglio of Argentina have been ruled out of the Olympics after testing positive for...

Credit Suisse Report Pins Archegos Disaster on ‘Fundamental Failure of Management and Controls’

Credit Suisse Group AG said top employees failed to act on numerous warning...
Related news

While you were sleeping: How Canada performed Wednesday, Thursday at Tokyo Olympics – National

Canada won its first rowing medal at the Tokyo Olympics on Thursday, continuing the women athletes’ dominance in these Summer Games. Here’s what else you...

U.S. Stock Futures Edge Up Ahead of Jobless Figures, GDP Data

U.S. stock futures edged up ahead of data that are expected to show a decline...

Australian Olympic track team isolating after U.S. athlete tests positive for COVID-19 – National

American double world champion pole vaulter Sam Kendricks and German Chiaraviglio of Argentina have been ruled out of the Olympics after testing positive for...

Credit Suisse Report Pins Archegos Disaster on ‘Fundamental Failure of Management and Controls’

Credit Suisse Group AG said top employees failed to act on numerous warning...

LEAVE A REPLY

Please enter your comment!
Please enter your name here