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US and Taiwan Begin Formal Negotiations on Trade Initiative

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(Bloomberg) — The US and Taiwan have started formal negotiations on a bilateral trade initiative, a move likely to inflame already high tensions with China.

US and Taiwan Begin Formal Negotiations on Trade Initiative
US and Taiwan Begin Formal Negotiations on Trade Initiative

The first round of trade talks is set to take place “early this fall,” the Office of the US Trade Representative said in a statement Wednesday. The negotiations will cover aspects including trade facilitation, regulatory practices, anti-corruption standards, deepening agriculture trade and other issues, the office said.

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The trade negotiations “will deepen our trade and investment relationship, advance mutual trade priorities based on shared values, and promote innovation and inclusive economic growth for our workers and businesses,” the office said in the statement.

The announcement comes weeks after US House Speaker Nancy Pelosi’s visit to the island and military drills by Beijing.

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