The United States and Taiwan signed a modest trade agreement Thursday, underscoring Washington’s commitment to the self-governing island that China claims as its own.
Efforts to boost commercial links between the United States and Taiwan are part of a broader campaign to discourage Beijing from acting. Over the past year, top U.S. officials — such as then-House Speaker Nancy Pelosi and Rep. Mike Gallagher, the Republican chair of the House select committee on China — have visited the island.“Its economic impact is very limited but, combined with other actions including highly visible meetings between U.S.
China has repeatedly warned the United States against deepening its official ties with Taiwan. Despite its limited scope, the agreement inked on Thursday drew an immediate rebuke from Beijing.“The U.S. should stop any form of official exchanges between the U.S.
Though Taiwanese officials also would prefer a deal that facilitated trans-Pacific commerce by lowering tariffs, Taipei is intent on completing a package that produces“This is only phase one of the agreement, and it is mostly the low-hanging fruit — the easiest things to agree on. Phase two will be more significant but also more difficult, though I do think they’ll finish by the end of this year,” said William Reinsch, a trade specialist at the Center for Strategic and International Studies.
The partial agreement was signed by officials from the American Institute in Taiwan, the de facto U.S. Embassy in Taipei, and the Taipei Economic and Cultural Representative Office in the United States, which represents the Taiwanese government in Washington.
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