Taiwan and the United States will resume talks under the Trade and Investment Framework Agreement (TIFA) on Wednesday virtually.
The two sides held ten rounds of talks between 1995 and 2016 after signing an agreement in 1994. The talks were suspended when former US President Donald Trump took office in 2017 due to the US-China trade war, among other factors.
In her Facebook post on Monday, Taiwan’s representative to the US Hsiao Bi-khim said the resumption of the talks will lay the foundation for future trade and economic cooperation. In the face of dramatic changes in global trade, Hsiao said Taiwan should waste no time in pushing for industry transformation and going global while boosting ties with major trade partners.
Hsiao also said she hopes that the goodwill and mutual trust built between the two sides will help pave the way for signing a Bilateral Trade Agreement (BTA) in the future.
Meanwhile, White House spokesperson Jen Psaki said the United States will continue strengthening trade ties with Taiwan.