Alexa
  • Directory of Taiwan

Taiwan mulling signing of MRA with U. S.: trade officials

Taiwan mulling signing of MRA with U. S.: trade officials

Washington, July 1 (CNA) Taiwan will discuss signing a mutual recognition agreement (MRA) with the United States to boost merchandise exports after talks under a major trade pact resume, trade officials said Sunday. The removal of technical trade hurdles and the subsequent signing of an MRA will be on the priority agenda when talks under the Trade Investment Framework Agreement (TIFA) resume, the officials said. An MRA with the U.S. will mean major exports like electronic and machinery products will be able to undergo tests and verification in Taiwan and obtain recognition from the U.S., the officials noted. As such products will no longer have to be tested and verified in the U.S., their competitive edge will be upgraded because the time it takes them to hit the U.S. market will be significantly cut, the officials added. TIFA talks have been stalled since 2007 due to an ongoing dispute over U.S. beef imports containing traces of the leanness-enhancing drug ractopamine. The TIFA was signed in 1994 as a platform for Taiwan-U.S. dialogue on trade-related issues in the absence of diplomatic ties. The Office of the United States Trade Representative has maintained a low profile on the beef issue, and has not commented on when Taiwan's Legislature may pass a bill to allow U.S. beef containing traces of ractopamine to enter Taiwan. (By Lin Shu-yuan and Lilian Wu)


Updated : 2021-06-14 10:51 GMT+08:00