Published Date: 2021-06-29
Taiwan and the
United States will resume talks under the Trade and Investment Framework
Agreement (TIFA) on Wednesday virtually.
The two sides held
ten rounds of talks between 1995 and 2016 after signing an agreement in 1994.
The talks were suspended when former US President Donald Trump took office in
2017 due to the US-China trade war, among other factors.
In her Facebook
post on Monday, Taiwan’s representative to the US Hsiao Bi-khim said the
resumption of the talks will lay the foundation for future trade and economic
cooperation. In the face of dramatic changes in global trade, Hsiao said Taiwan
should waste no time in pushing for industry transformation and going global
while boosting ties with major trade partners.
Hsiao also said
she hopes that the goodwill and mutual trust built between the two sides will
help pave the way for signing a Bilateral Trade Agreement (BTA) in the future.
Meanwhile, White
House spokesperson Jen Psaki said the United States will continue strengthening
trade ties with Taiwan.