{"id":26585,"date":"2022-08-18T04:21:33","date_gmt":"2022-08-18T04:21:33","guid":{"rendered":"http:\/\/gyalchisarshog.com\/?p=26585"},"modified":"2022-08-18T04:21:35","modified_gmt":"2022-08-18T04:21:35","slug":"us-and-taiwan-announce-formal-bilateral-trade-talks","status":"publish","type":"post","link":"https:\/\/gyalchisarshog.com\/?p=26585","title":{"rendered":"US and Taiwan announce formal bilateral trade talks"},"content":{"rendered":"\n<p>BBC News:   <\/p>\n\n\n\n<p><strong>The US has announced that they will begin formal trade negotiations with Taiwan, weeks after a controversial visit by US House Speaker Nancy Pelosi.<\/strong><\/p>\n\n\n\n<p>The first round of talks are expected to begin in &#8220;early fall&#8221;, said the Office of US Trade Representative.<\/p>\n\n\n\n<p>Their discussion will include talks on trade facilitation, digital trade and anti-corruption standards.<\/p>\n\n\n\n<p>Relations between the US and China have been increasingly tense following Ms Pelosi&#8217;s visit.<\/p>\n\n\n\n<p>The US-Taiwan Initiative on 21st Century Trade was first unveiled in June, with both sides now saying they had &#8220;reached consensus on the negotiating mandate&#8221;.<\/p>\n\n\n\n<p>&#8220;We plan to pursue an ambitious schedule&#8230;. that will help build a fairer, more prosperous and resilient 21st century economy,&#8221; <a href=\"https:\/\/ustr.gov\/about-us\/policy-offices\/press-office\/press-releases\/2022\/august\/united-states-and-taiwan-commence-formal-negotiations-us-taiwan-initiative-21st-century-trade\">said Deputy United States Trade Representative Sarah Bianchi in a statement.<\/a><\/p>\n\n\n\n<p>Trade between the US and Taiwan was worth nearly $106bn (\u00a388bn) in 2020.<\/p>\n\n\n\n<p>The announcement comes as China launched its largest-ever military exercises around Taiwan after Ms Pelosi&#8217;s visit earlier in August.<\/p>\n\n\n\n<p>Under the &#8220;One China policy&#8221;, the US recognises and has formal ties with China rather than the island of Taiwan but maintains a &#8220;robust unofficial&#8221; relationship with Taiwan, including continued arms sales to the island so that it can defend itself.<\/p>\n\n\n\n<p>Beijing sees the self-governing island as its own, renegade territory that must be united with the mainland.<\/p>\n\n\n\n<p>However, Taiwan is a self-ruled island that sees itself as distinct from the mainland.<\/p>\n\n\n\n<p>Seperately on Thursday, top US diplomat for East Asia Daniel Kritenbrink said Beijing&#8217;s &#8220;growing coercion&#8230;.threatens the peace and stability of the Taiwan Strait&#8221;.<\/p>\n\n\n\n<p>&#8220;We will continue to take calm, but resolute steps to uphold peace and stability in the face of Beijing&#8217;s ongoing efforts to undermine it and to support Taiwan in line with our long-standing policy,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC News: The US has announced that they will begin formal trade negotiations with Taiwan, weeks after a controversial visit by US House Speaker Nancy Pelosi. The first round of talks are expected to begin in &#8220;early fall&#8221;, said the Office of US Trade Representative. Their discussion will include talks on trade facilitation, digital trade and anti-corruption standards. Relations between the US and China have been increasingly tense following Ms Pelosi&#8217;s visit. The US-Taiwan Initiative on 21st Century Trade was first unveiled in June, with both sides now saying they had &#8220;reached consensus on the negotiating mandate&#8221;. &#8220;We plan to&#8230; <\/p>\n","protected":false},"author":1,"featured_media":26586,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-26585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/26585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26585"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/26585\/revisions"}],"predecessor-version":[{"id":26587,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/26585\/revisions\/26587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/26586"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}