US and Taiwan to start new trade talks The first round of talks is expected to take place this fall, the U.S. Commerce Department said Wednesday evening. This announcement has been made at a time when tension is increasing again in the area.
The talks should “deepen trade and investment relations, promote mutual trade priorities based on shared values, and encourage innovation and inclusive economic growth,” the US State Department statement said.
Taiwan’s Trade Negotiations Office said in a separate statement that the purpose of the talks was to strengthen the island’s economy by promoting agricultural trade and help SMEs expand into the US market. Taipei wants to boost international investors’ confidence in Taiwan and enable the island to “attract funds and technologies from the United States and around the world.”
The announcement comes two weeks after US politician Nancy Pelosi’s controversial Taiwan visit. In response, China began large-scale military exercises around Taiwan. A few days ago, another delegation of the US Congress visited Taiwan. Beijing spoke of a new “provocation” and announced new maneuvers.
Chinese leaders reject official ties to Taiwan by other countries because they consider the island part of the People’s Republic.