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July 22, 2017

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Gov't contemplates US trade talk agenda

TAIPEI--Vice Economics Minister Francis Liang said yesterday that Taiwan will discuss bilateral trade and investment and regional economic integration with the United States once the two resume long-stalled trade talks.

Taiwan hopes to talk about what the two countries can do to boost their bilateral relationship in the areas of investment and industrial cooperation, Liang said in response to media inquiries on the expected resumption of talks under the bilateral Trade and Investment Framework Agreement (TIFA).

Taiwan's participation in regional economic integration is another major concern that Taiwan wants to bring to the TIFA platform, he said.

Describing the TIFA as an important platform for Taiwan and the United States to discuss and resolve trade and economic issues, Liang said re-activating the platform, which has been closed for five years, will greatly help the stable development of Taiwan-U.S. ties.

Talks under the TIFA were halted in 2007 due to beef disputes, which revolved around Taiwanese concerns over the safety of U.S. beef following the discovery of mad-cow disease cases in the United States.

Washington considered resuming TIFA talks in late 2010, but decided against the idea in early 2011 after a new issue emerged with Taiwan's seizure of shipments of U.S. beef containing ractopamine, a leanness-enhancing drug banned in Taiwan.

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