The United States will launch new trade talks with Taiwan, U.S. officials said on Wednesday, just days after President Joe Biden launched an economic plan for Asia intended to push back on China that excluded the Chinese-claimed island.
Washington and Taipei will "move quickly to develop a roadmap" for the planned U.S.-Taiwan Initiative on 21st-Century Trade in the coming weeks, which would be followed by in-person meetings in the U.S. capital later in June, two senior U.S. administration officials told reporters.
Analysts had said other countries would be hesitant to join a grouping with the island for fear of angering Beijing, which regards Taiwan as its own territory. Over 200 members of the U.S. Congress had urged Taiwan's inclusion in IPEF.The announcement on Taiwan talks came after a virtual meeting on Wednesday between Deputy U.S. Trade Representative Sarah Bianchi and Taiwan's chief trade negotiator John Deng.
The talks with Taiwan, led for Washington by the U.S. Trade Representative's office, would supplement several existing dialogues with the island, including one led by the Commerce Department on export controls and other supply chain issues, the U.S. official said.Like IPEF, the initiative with Taiwan would not need congressional approval because it will not include market access requirements or reduced tariffs, the official added. The so-called U.S.
A second official said the new initiative added to other efforts to "highlight the U.S. commitment to the region, specifically economically."
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