TAIWAN: Post Pelosi - Taiwan starts formal trade talks with US

TAIWAN: Post Pelosi - Taiwan starts formal trade talks with US under new initiative

Posted By: GEO´ Newsteam - Gibraltar

GEOPoliticalMatters.com

The United States and Taiwan have agreed to start trade talks under a new initiative to reach agreements with "economically meaningful outcomes", with a Taiwan official saying China's "economic coercion" would also be discussed according to global information and news provider Reuters.

Their report confirms that Washington and Taipei have jointly-unveiled the U.S.-Taiwan Initiative on 21st-Century Trade in June, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence and close on the heals of the visit by speaker of the United States House of Representatives, Nancy Pelosi.

The article reported that the The bilateral initiative in some ways parallels U.S. President Joe Biden administration's Indo-Pacific Economic Framework (IPEF), an economic partnership with 13 Asian countries that he launched last week during a visit to Seoul and Tokyo. But the United States did not invite democratically self-governed Taiwan to join the IPEF talks. Click Here to receive our full Analysis direct to your inbox or Smart device