The US would continue to strengthen its trade relationship with Taiwan ahead of bilateral trade talks today, despite Beijing’s call on Washington to cease all forms of official exchanges with Taiwan, the White House said on Monday.
After a hiatus of five years, the 11th Trade and Investment Framework Agreement (TIFA) council meeting between the US and Taiwan is to take place via videoconference today.
Beijing’s consistent stance on Taiwan is that it objects to any forms of official exchanges between Washington and Taipei, Chinese Ministry of Foreign Affairs spokesman Wang Wenbin (汪文斌) said on June 11, one day after US Trade Representative Katherine Tai (戴琪) and Minister Without Portfolio John Deng (鄧振中) met via videoconference.
Photo: EPA-EFE
“Our support for Taiwan is rock solid,” White House press secretary Jen Psaki said at a news conference in Washington on Monday when asked to comment about Beijing’s pressure.
“We’re committed to the importance of the US-Taiwan trade and investment relationships, and we will continue to strengthen our trade relationship with Taiwan, which is why we are looking forward to the upcoming Trade and Investment Framework Agreement council meeting, which was recently announced,” Psaki said.
The TIFA council meeting is finally resuming after being suspended for years, Representative to the US Hsiao Bi-khim (蕭美琴) wrote on Facebook yesterday, adding that the meeting would lay vital foundations for advancing bilateral cooperation on the economy and trade.
Over the past decade, bilateral disagreements over pork and beef products had been the primary reason for the stagnation of the trade ties, she said.
Citing the remarks of an official who had worked under former US president George W. Bush, Hsiao said the Bush administration once mulled commencing trade talks with Taiwan while it was negotiating with South Korea, but dropped the plan because Taiwan did not have the determination to resolve those disagreements at that time.
The government has since set up maximum residue levels for ractopamine in US pork products as per the UN’s Codex Alimentarius, showing its resolve to comply with international standards and open the door to trade negotiations with the US, she said.
Whether it was the “America first” policy of former US president Donald Trump or the “worker-centered” trade policy advocated by Tai, Taiwan had to take into account Washington’s concerns so that it could make a breakthrough on bilateral trade and create win-win situations, she added.
Apart from certain issues that each side is concerned with, other areas of bilateral cooperation are climate action, the green economy, the digital economy and supply chain resilience, Hsiao said.
The supply chains include semiconductors, information and communications products, medicines and medical supplies, she said.
Taiwan could also look to negotiate the right to manufacture US-developed COVID-19 vaccines, given the US has backed a WTO effort to waive intellectual property protections, she said.
Hsiao said that she hopes that through the TIFA council meeting and the Economic Prosperity Partnership Dialogue launched last year, Taiwan and the US would continue to deepen relations and build momentum toward the signing of a bilateral trade agreement.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
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