TAIPEI (Taiwan News) — Taiwan plans to formally sign its tariff agreement with the US by mid-February, Legislative Yuan Deputy Speaker Johnny Chiang (江啟臣) said Friday.

Although the deal was finalized in January, it has not yet been officially signed. In discussions with American Institute in Taiwan Director Raymond Greene, Chiang reaffirmed Taiwan’s intention to complete the signing later this month, CNA reported.

The Legislative Yuan is expected to approve the pact promptly, providing industries with greater stability, Chiang said.

The agreement lowers US tariffs on Taiwanese goods from 20% to 15%, while Taiwan has pledged NT$15.8 trillion in investments, including NT$7.9 trillion in direct investment and another NT$7.9 trillion backed by government credit guarantees, according to Sinotrade.

Chiang and Greene toured Victor Taichung Machinery Works Co. before attending a forum hosted by the Taiwan Automation Intelligence and Robotics Association. This brought together representatives from the Industrial Technology Research Institute and major trade associations in machinery, machine tools, and woodworking.

Chiang said the visit showcased Taichung’s manufacturing capabilities as part of a trusted global supply chain, deepening industrial cooperation between Taiwan and the US. Greene highlighted Taiwan’s role as a key economic and technological partner of the US, according to Formosa.

President Lai Ching-te (賴清德) said Tuesday the tariff reductions help Taiwanese enterprises compete on an equal footing with global rivals. He added that tariff negotiations are only one aspect of Taiwan-US cooperation and emphasized the government’s goal of deepening economic and strategic ties, according to the Office of the President.

Last year, Taiwan exported roughly NT$6.3 trillion worth of goods to the US, with more than 76% coming from the information and technology sector. Analysts note that while Taiwan’s tech industry stands to benefit from expanded market access, traditional sectors gain limited relief.