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U.S. proposes next TIFA talks with Taiwan be held in Washington

U.S. proposes next TIFA talks with Taiwan be held in Washington

Washington, March 20 (CNA) Acting U.S. Trade Representative Demetrios Marantis proposed Wednesday that the next round of talks with Taiwan under the bilateral Trade and Investment Framework Agreement (TIFA) be held in the United States. During a news conference held at the Foreign Press Center, Demetrios said he is hoping to invite Taiwanese officials to Washington, D.C. next year for the talks. Demetrios co-hosted the seventh round of TIFA talks with Vice Economics Minister Cho Shih-chao in Taipei March 10 in his capacity as deputy U.S. trade representative. Describing the results of the meeting as fruitful, Demetrios said he discussed many issues with the Taiwanese side, which included market access and the meat trade. The two sides also agreed to set up a technical working group to address bilateral trade barriers and investment issues, he said. On Taiwan's wish to participate in the U.S.-led Trans-Pacific Partnership (TPP), he said any country, whether it is Taiwan or China, stands a chance of entering the regional free trade agreement, as long as they show the intent to comply with its high standards. Also that day, U.S. Representative Ed Royce said in a discussion held by the Heritage Foundation that the U.S. government should support Taiwan's bid to take part in the global economic system. Royce, who is chairman of the House Committee on Foreign Affairs, noted that the dialogue between the U.S. and Taiwan has mostly focused on arms sales, which he said is inappropriate in light of Taiwan's status as a global hi-tech production hub. Based upon the foundation of the TIFA, the two sides should work toward signing a bilateral investment agreement and a free trade agreement, he suggested. (By Lin Shu-yuan, Tony Liao and Y.F. Low)


Updated : 2020-11-30 20:11 GMT+08:00