Free Trade Agreement With Taiwan

The last American information about Taiwan was made by election policy, coronavirus and … . . Incongruous… Baseball. In early January, Tsai Ing-wen won a remarkable landslide to maintain her position as president of the island. On May 20, she was sworn in for another four years. After the January 11 vote (which went smoothly despite China`s efforts to interfere), Taiwan surpassed most other companies in the world, with only 440 Covid-19 infections and seven deaths recorded to date. Not only did this result spark new demands for Taiwan`s participation in the World Health Assembly last month (which was not the case due to Chinese opposition), it also sparked renewed interest in the island`s most neglected athletes. In the absence of alternative distractions, millions of sports fans have been put online to watch Taiwan baseball stars play and beat in rare live competitions. At Friday`s event, Chen is expected to sign a Memorandum of Understanding on Bilateral Economic Cooperation, which will be part of discussions that Taiwan`s Economy Ministry says will include global health care, supply chain security, energy development and 5G network development, as well as infrastructure investments. “Stronger economic relations with Taiwan also support our shared democratic values and our shared commitment to peace and stability in the region,” Blinken added.

The Comprehensive Regional Economic Partnership (RCEP) covers all 10 ASEAN members, as well as Australia, New Zealand, Japan, South Korea and China. The presence of taiwan`s foreign ministry at the RCEP, Taiwan`s foreign ministry said on Sunday, without Taipeh being able to accede to the free trade pact. Taiwan`s reputation is at a record high in Washington and a bilateral trade agreement would bring real benefits to both sides. For the United States, the benefits would be a stronger partner in critical strategic trade sectors, the opportunity to set new positive trade rules in a crucial region, and perhaps most importantly, enhanced U.S. leadership in Asia. Has the bilateral environment for a free trade agreement between Taiwan and the United States ever been stronger? At least half of the U.S. Senate thinks the time has come and sends a joint letter to U.S. Trade Representative Bob Lighthizer asking him to start negotiations.

Whether in banking, trade negotiations or e-commerce, my professional life helps companies open up new markets, with a particular focus on China. As CEO of Export, “are we confident that a U.S.-Taiwan trade agreement would promote the security and economic growth of the United States, Taiwan and the Indo-Pacific area as a whole,” the letter states. Blinken, who is considered a candidate for Biden`s national security adviser or foreign minister, recently met with Bi-khim Hsiao, Taiwan`s de facto ambassador to the United States, suggesting that a Biden administration would likely retain strong U.S. support for Taiwan. Republican Congressman Michael McCaul told Reuters in September that a trade deal with Taiwan was “very important” on the Trump administration`s radar screen.