Premier Su Tseng-chang says newly resumed trade talks with the United States under the Trade and Investment Framework Agreement are fruitful and opening the doors for future cooperation. Su was speaking Thursday at a Cabinet meeting.
Taiwan and the United States signed the agreement in 1994, and held ten rounds of talks under the aegis of the agreement between 1995 and 2016. The talks were suspended when former US President Donald Trump took office in 2017 due to the US-China trade war, among other factors.
On Wednesday, however, the two sides held a new round of talks, the first of their kind after a five-year hiatus. Participants exchanged views on supply chains, digital trade, trade facilitation, laborers, and the environment, among other issues.
Su said the talks are a major step forward in promoting bilateral trade ties and pushing for a Bilateral Trade Agreement.
Su also said the two sides will build a firm and close trade partnership through cooperation in the future.