{"id":480883,"date":"2023-06-02T06:46:54","date_gmt":"2023-06-02T04:46:54","guid":{"rendered":"https:\/\/pre.efe.com\/?p=480883"},"modified":"2023-06-02T07:09:37","modified_gmt":"2023-06-02T05:09:37","slug":"taiwan-us-sign-ambitious-trade-agreement-much-to-chinas-chagrin","status":"publish","type":"post","link":"https:\/\/pre.efe.com\/en\/latest-news\/2023-06-02\/taiwan-us-sign-ambitious-trade-agreement-much-to-chinas-chagrin\/","title":{"rendered":"Taiwan, US sign ambitious trade agreement much to China\u2019s chagrin"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Beijing, June 2 (EFE).- The United States and Taiwan signed an ambitious trade deal in Washington on Thursday, drawing a sharp reaction from China.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/06\/rss-efea2766d4edc2afcc22ff57695fd883a8cef472450w.jpg\" alt=\"China's Foreign Ministry spokesperson Mao Ning gestures during a press conference at the Ministry of Foreign Affairs in Beijing, China, 06 April 2023. EFE-EPA FILE\/WU HAO\n\"\/><\/figure>\n\n\n\n<div class=\"media-content-img\" style=\"margin-bottom: 20px\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The signing ceremony was attended by representatives of the self-governing island and the American Institute in Taiwan, considered the de facto embassy of the US in Taipei, the Office of Trade Negotiations of Taiwan said in a statement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Taiwan\u2019s top trade negotiator John Deng, present at the event, described the signing of the pact as &#8220;a milestone&#8221; in US-Taiwan trade and economic relations, the statement said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Office added that the new agreements &#8220;will enhance the ability of Taiwan\u2019s industries, especially small and medium-sized enterprises, to participate in international economic and trade investment activities.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Deng also expressed his hope &#8220;to continue to expand and deepen Taiwan-US economic and trade cooperation and mutually beneficial relations.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a statement, US Trade Representative (USTR) spokesperson Sam Michel said that the deal was \u201cintended to strengthen and deepen the economic and trade relationship&#8221; both countries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;We thank our Taiwan partners for helping us reach this important milestone and look forward to upcoming negotiations on additional trade areas set forth in the initiative\u2019s negotiating mandate,&#8221; he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe negotiated text on customs administration and trade facilitation will streamline border procedures and reduce red tape, making it easier, faster, and cheaper for American businesses to bring their products to Taiwan and Taiwanese customers,\u201d USTR said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is the first agreement under the US-Taiwan Trade Initiative on 21st Century Trade, which includes the regulations and procedures with which the two countries intend to boost trade ties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Office of Trade Negotiations of Taiwan said that the first batch of agreements signed on Thursday included five topics, with another seven to be \u201cnegotiated soon.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These include labor, environment, agriculture, digital trade, standards, state-owned enterprises, and non-market policies and practices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The signing of the pact drew a sharp reaction from China.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cTaiwan&#8217;s Democratic Progressive Party (DPP) authorities&#8217; attempt to solicit US support for &#8216;Taiwan independence&#8217; in the name of economic and trade cooperation is just futile,&#8221; Chinese Foreign Ministry spokesperson Mao Ning said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe US should not send wrong signals to separatist forces seeking &#8216;Taiwan independence&#8217; in the name of economy and trade,\u201d Mao added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beijing has claimed sovereignty over the self-ruled island since Kuomintang nationalists withdrew there in 1949 after losing the war against the communist army.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The island, with whom the US does not maintain official relations, is one of the main reasons for conflict between Beijing and Washington, mainly because the US is the main supplier of arms to Taiwan and would be its greatest military ally in the event of a war with the Asian giant. EFE<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">aa\/pd<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beijing, June 2 (EFE).- The United States and Taiwan signed an ambitious trade deal in Washington on Thursday, drawing a sharp reaction from China. The signing ceremony was attended by representatives of the self-governing island and the American Institute in Taiwan, considered the de facto embassy of the US in Taipei, the Office of Trade &#8230; <a title=\"Taiwan, US sign ambitious trade agreement much to China\u2019s chagrin\" class=\"read-more\" href=\"https:\/\/pre.efe.com\/en\/latest-news\/2023-06-02\/taiwan-us-sign-ambitious-trade-agreement-much-to-chinas-chagrin\/\" aria-label=\"Read more about Taiwan, US sign ambitious trade agreement much to China\u2019s chagrin\">Read more<\/a><\/p>\n","protected":false},"author":198164071,"featured_media":480884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[122140],"tags":[],"class_list":["post-480883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Taiwan, US sign ambitious trade agreement much to China\u2019s chagrin - EFE<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taiwan, US sign ambitious trade agreement much to China\u2019s chagrin - EFE\" \/>\n<meta property=\"og:description\" content=\"Beijing, June 2 (EFE).- The United States and Taiwan signed an ambitious trade deal in Washington on Thursday, drawing a sharp reaction from China. 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The signing ceremony was attended by representatives of the self-governing island and the American Institute in Taiwan, considered the de facto embassy of the US in Taipei, the Office of Trade ... 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