It “will not be long” before Taiwan and the US start negotiations under the Taiwan-US 21st Century Trade Initiative, Minister Without Portfolio John Deng (鄧振中) said on Saturday.
Preparations in Taiwan and the US are proceeding as planned, and the two sides would soon announce the date for the formal beginning of talks, said Deng, Taiwan’s chief trade negotiator.
US National Security Council Indo-Pacific Coordinator Kurt Campbell on Friday said that US officials are developing an “ambitious road map for trade negotiations” that would be announced “in the coming days.”
The first round of negotiations is likely to focus on topics on which the two sides share similar views, such as those related to bilateral ties and issues that have been discussed in detail at WTO and APEC forums, Deng said.
The two sides will hopefully wrap up negotiations before the start of an APEC summit hosted by the US late next year, he said.
The initiative, launched on June 1, seeks to facilitate discussions leading to a trade agreement between Taiwan and the US, with topics ranging from best practices to facilitate trade, digital trade, efforts to fight corruption, small and medium-sized enterprises, environmental protection and nonmarket economies.
Alibaba Group Holding Ltd (阿里巴巴) founder Jack Ma (馬雲) has been living in Tokyo for almost six months after disappearing from public view following China’s crackdown on the tech sector, the Financial Times reported yesterday, citing multiple unnamed sources. The billionaire has kept a low profile since the crackdown, which has included Chinese regulators scrapping the initial public offering of Ma’s Ant Group Co (螞蟻集團) and issuing Alibaba with record fines. However, the Times said he has spent much of the past six months with his family in Tokyo and other parts of Japan, along with visits to the US and Israel. The
FACTORY TUMULT: The departure of new workers impact production less than the quarantines imposed on existing employees, a worker at China’s ‘iPhone city’ said Turmoil at Apple Inc’s key manufacturing hub in Zhengzhou is likely to result in a production shortfall of almost 6 million iPhone Pro units this year, a person familiar with assembly operations said. The situation remains fluid at the plant and the estimate of lost production could change, the person said, asking not to be named discussing private information. Much depends on how quickly Hon Hai Precision Industry Co (鴻海精密), the Taiwanese company that operates the facility, can get people back to assembly lines after violent protests against COVID-19 restrictions. If lockdowns continue in the weeks ahead, production could be set further
HOLIDAY SEASON OMEN: Low-cost brands and high-end retailers had the most foot traffic, leaving mid-range stores struggling on what used to be their biggest sales day US retailers discounted heavily on Black Friday to clear out bloated inventories, but customers responded with only modest traffic, leaving profitability in doubt for many chains. Brick-and-mortar retailers, which were hit hard by COVID-19 closures and shoppers seeking to avoid the virus, saw in-store traffic on Friday tick up 2.9 percent from last year’s shopping event, data compiled by Sensormatic Solutions showed. US consumers are still spending, but they are growing more cautious after contending this year with the highest inflation rates in four decades. They are also keeping a sharper lookout for deals, and retailers — many of them still heavy
‘REVOLUTION’: Elon Musk complained over a 30 percent fee Apple collects on Apple Store transactions and said the technology company has stopped advertising on Twitter Twitter Inc owner Elon Musk on Monday opened fire against Apple Inc over its tight control of what is allowed on the App Store, saying the iPhone maker has threatened to oust his recently acquired social media platform. Musk also joined the chorus crying foul over a 30 percent fee Apple collects on transactions via its App Store — the sole gateway for applications to get onto its billion-plus mobile devices. A series of Twitter posts fired off by Musk included a meme of a car with his first name on it veering onto a highway off-ramp labeled “Go to War,” instead