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The new Taiwan-US Initiative on 21st Century Trade has significant strategic implications, as it shows that Taiwan is a priority trading partner of the US and vice versa, Premier Su Tseng-chang (蘇貞昌) said yesterday.
The initiative, announced on Wednesday, is to provide a mechanism for economic and trade talks between the two nations in 11 areas, excluding tariffs.
It largely parallels the US’ Indo-Pacific Economic Framework (IPEF), which excluded Taiwan when it launched last week.
The first round of negotiations is to be held later this month in Washington, Minister Without Portfolio John Deng (鄧振中) told reporters on Wednesday following a virtual meeting
CLOSER COOPERATION: The new Taiwan-US trade initiative represents an important upgrade to the economic relationship between the two nations, the premier saidBy Lee Hsin-fang, Wang Chien-hao and Kayleigh Madjar / Staff reporters, with staff writer