The second round of trade talks regarding the pending U.S. tariff imposed on Taiwan imports wrapped up June 26 in Washington, with constructive progress seen in the negotiations, according to the Executive Yuan.
Led by Vice Premier Cheng Li-chiun and Yang Jen-ni, trade representative from the EY’s Office of Trade Negotiations, the Taiwan delegation also included officials from the Ministries of Agriculture, Economic Affairs, and Health and Welfare, as well as the National Security Council. Their counterparts during the two-day negotiations were U.S. Secretary of Commerce Howard Lutnick and U.S. Trade Representative Jamieson Greer, the EY said.
According to the EY, the recently completed negotiations laid a solid foundation that will strengthen the economic and trade partnership between the two countries. Taiwan and the U.S. are gradually reaching a consensus on tariffs and non-tariff trade barriers, as well as enhancing supply chain resilience, the EY said, adding that they are committed to promoting trade balance while creating mutual opportunities for economic and industrial development.
Both sides further agreed that expanding bilateral investment would enhance mutual prosperity, the EY said, adding that as Taiwan enterprises have increased their investment in the U.S. in recent years, U.S. companies have done the same.
Taiwan and the U.S. are important strategic partners in trade and technology, with a strong industrial supply chain partnership, Cheng said, expressing hope that the negotiations will achieve bilateral beneficial results. (YCH-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
Led by Vice Premier Cheng Li-chiun and Yang Jen-ni, trade representative from the EY’s Office of Trade Negotiations, the Taiwan delegation also included officials from the Ministries of Agriculture, Economic Affairs, and Health and Welfare, as well as the National Security Council. Their counterparts during the two-day negotiations were U.S. Secretary of Commerce Howard Lutnick and U.S. Trade Representative Jamieson Greer, the EY said.
According to the EY, the recently completed negotiations laid a solid foundation that will strengthen the economic and trade partnership between the two countries. Taiwan and the U.S. are gradually reaching a consensus on tariffs and non-tariff trade barriers, as well as enhancing supply chain resilience, the EY said, adding that they are committed to promoting trade balance while creating mutual opportunities for economic and industrial development.
Both sides further agreed that expanding bilateral investment would enhance mutual prosperity, the EY said, adding that as Taiwan enterprises have increased their investment in the U.S. in recent years, U.S. companies have done the same.
Taiwan and the U.S. are important strategic partners in trade and technology, with a strong industrial supply chain partnership, Cheng said, expressing hope that the negotiations will achieve bilateral beneficial results. (YCH-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
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