Taiwan and the United States begin new trade negotiations

The US and Taiwan will hold new bilateral trade negotiations. This was announced by the US government on Wednesday. According to the statement, Washington and Taipei plan to “move quickly to develop a roadmap” for the trade initiative, called the US-Taiwan Initiative on 21st-Century Trade, in the coming weeks. Initial face-to-face meetings are also scheduled to take place in the US capital as early as the end of June. The trade negotiations are expected to focus on tariff relief, anti-corruption measures and common standards for digital trade. Labor rights and environmental standards will also be on the agenda. The initiative will also seek to “curb” state-owned enterprises and non-market practices, according to a US official.