WASHINGTON – Deputy United States Trade Representative Sarah Bianchi and Taiwan Minister-Without-Portfolio John Deng met today virtually under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO). In coordination with AIT and TECRO, the two sides launched the U.S.-Taiwan Initiative on 21st-Century Trade, which is intended to develop concrete ways to deepen the economic and trade relationship, advance mutual trade priorities based on shared values, and promote innovation and inclusive economic growth for our workers and businesses.
As a key outcome of the meeting, both sides will work at pace under the auspices of AIT and TECRO to develop an ambitious roadmap for negotiations for reaching agreements with high-standard commitments and economically meaningful outcomes in the following trade areas:
Trade facilitation. The United States and Taiwan seek to harness best practices with respect to facilitating trade, including accelerated implementation of the WTO’s Trade Facilitation Agreement, adopting provisions on digitalization of trade facilitation measures, and ensuring inclusivity in accessing customs procedures. In addition, the two sides intend to explore negotiating provisions on electronic payments, risk management, protection of trader information, and support for small and medium enterprises’ (SME) access to technology used for the clearance of goods/
Regulatory practices. The United States and Taiwan hold shared values of good governance and respect for the rule of law and believe in the adoption of provisions supporting sound, transparent regulatory practices, including timely online accessibility to information about regulations and regulatory processes, adequate time for public consultations and consideration of comments, and ensuring that regulatory decisions are based on high quality information, science, and evidence. The two sides would also seek to explore the possibility of provisions on transparency and good governance in services. Read More→
