MOEA welcomes resumption of Taiwan-U.S. TIFA talks

Taipei, Feb. 6 (CNA) The Ministry of Economic Affairs (MOEA) said Thursday that it welcomes the resumption of talks under the U.S.-Taiwan Trade and Investment Framework Agreement (TIFA), slated for March 11-12 in Taipei. Deputy U.S. Trade Representative Demetrio Marantis will lead a U.S. delegation that will hold the two-day meeting with a local delegation headed by Vice Economics Minister Cho Shih-chao, according to a statement released by the ministry. The agenda of the meeting is expected to include topics such as investment, service trade, Taiwan's membership in the Trans-Pacific Partnership, a Taiwan-U.S. free trade agreement, cooperation under the World Trade Organization and the Asia-Pacific Economic Cooperation forum, food safety and technical trade barriers, the statement said. Talks under TIFA, which was signed in 1994 as a framework for Taiwan-U.S. dialogue on trade-related issues in the absence of formal diplomatic ties, have been suspended since 2007 due to U.S. dissatisfaction with Taiwan's restrictions on imports of American beef. Taiwan lifted the ban on imports of U.S. beef containing traces of the leanness-enhancing drug ractopamine in July last year, paving the way for a resumption of the TIFA talks. (By Jeffrey Wu)