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HomeUncategorizedBloomberg: US and Taiwan plan talks to deepen their economic cooperation

Bloomberg: US and Taiwan plan talks to deepen their economic cooperation

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Negotiations are not They will not be limited to an agreement on free trade, but will address the development of economic links and problems in supply chains, the agency says.

USA. The US and Taiwan intend to start talks aimed at deepening their economic cooperation, Bloomberg reported Friday, citing people familiar with the matter.

According to the sources, the negotiations will not be limited to an agreement on free trade, but they will address the development of economic cooperation and problems in supply chains. In particular, the parties are expected to discuss areas of trade facilitation, supplies and the exchange of agricultural products.

The talks are an effort to strengthen economic relations between the US and Taiwan, and will go beyond existing discussions under the Trade and Investment between the parties, writes the agency.

The US Secretary of State, Antony Blinken, declared this Thursday, when making public the official strategy of the White House in relation to China, that his country will continue to expand its cooperation and economic ties with Taiwan, based on “common interests and values”. According to Blinken, the US nonetheless remains committed to the one-China policy.

  • Beijing considers Taiwan an inalienable part of its territory, and insists that any negotiations with the island that take place above the central government violates the key principle of its one-China policy. Most countries, including Russia, recognize the island as an integral part of the People’s Republic of China.
  • Although Washington does not recognize Taiwan —which has governed itself since 1949 with its own administration, as an independent country—, it maintains a policy of strategic ambiguity towards the island. , reserving the right to maintain special relations with Taipei, which, in its opinion, makes its own decisions.
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