Taiwan’s top trade negotiator and a senior United States trade official discussed on Friday how to proceed with a recently signed trade deal and issues to be addressed in the next stage of talks, according to a government statement.
Trade Representative John Deng (鄧振中) held a virtual meeting with Deputy U.S. Trade Representative (USTR) Sarah Bianchi, exchanging information on the two sides’ preparations to implement the first agreement signed under the U.S.-Taiwan Initiative on 21st Century Trade, Deng’s office said in its statement released Friday.
According to the office, Taiwan mainly sought to understand what happens when the U.S. Congress passes the trade agreement signed on June 1.
Taiwan and the U.S. need to notify each other when all required domestic procedures are completed, with the trade agreement taking effect the day after both notifications are made.
Deng and Bianchi agreed to implement the first agreement in a timely manner and touched on future topics in the next stage of the trade talks, according to the statement.
There are seven remaining issues under the trade initiative formally launched in August 2022, and they involve labor, environment, agriculture, digital trade, standards, state-owned enterprises, as well as non-market policies and practices, according to Deng’s office.
Source : Focus Taiwan