• About Us
  • Who Are We
  • Work With Us
Wednesday, May 28, 2025
No Result
View All Result
The Globe Post
39 °f
New York
44 ° Fri
46 ° Sat
40 ° Sun
41 ° Mon
No Result
View All Result
The Globe Post
No Result
View All Result
Home Business

US and Taiwan Ink Trade Deal as China Issues Warning

Staff Writer by Staff Writer
06/02/23
in Business, National, World
A man holds US, Taiwan flags

A man holds US, Taiwan flags. Photo: Robyn Beck/AFP

Share on FacebookShare on Twitter

The United States and Taiwan signed a trade deal Thursday aimed at deepening economic relations between both sides — in a move that has sparked a warning from Beijing.

The US-Taiwan Initiative on 21st Century Trade looks to boost trade by streamlining customs checks, improving regulatory procedures, and establishing anticorruption measures between the United States and the self-governing island of Taiwan, which China claims as part of its territory.

While Washington and Taipei do not have official diplomatic relations, they maintain unofficial ties through the de facto US embassy on the island, the American Institute in Taiwan.

The first agreement under the latest initiative was signed by representatives of the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States, said the US Trade Representative’s (USTR) press office on Thursday.

The pact is “intended to strengthen and deepen the economic and trade relationship” between both sides, USTR spokesperson Sam Michel added in a statement.

Deputy US Trade Representative Sarah Bianchi attended the signing ceremony, he said.

“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’s negotiating mandate,” Michel said.

‘New Beginning’

Washington has remained a key ally and arms supplier to Taiwan despite switching diplomatic recognition from Taipei to Beijing in 1979. It is also the island’s second-largest trade partner. 

But Beijing detests any hint of diplomatic relations between Taiwan and other governments because it considers the self-ruled island its own territory.

“The deal that will be signed tonight is not only very historic but also signals a new beginning,” cabinet spokesman Alan Lin told reporters in Taipei, ahead of Thursday’s ceremony in the United States.

“Relevant tasks are yet to be completed…. Taiwan will continue to move towards a comprehensive FTA (free trade agreement) with the United States to ensure Taiwan’s economic security,” he added.

Taiwan’s government has described the deal as “the most comprehensive” trade agreement signed with Washington since 1979.

China warned Washington earlier on Thursday against signing any pact “with connotations of sovereignty or of an official nature with China’s Taiwan region.”

The United States “must not send the wrong signals to Taiwan independence forces in the name of trade,” foreign ministry spokeswoman Mao Ning told a media briefing.

Beijing has stepped up threats and rhetoric against Taiwan in recent years, increasing military drills in the seas around the island and working to cut off its official ties with countries around the world.

The issue prompts rare bipartisan agreement in the United States, with politicians including Republican House Speaker Kevin McCarthy and his Democratic predecessor Nancy Pelosi both meeting publicly with Taiwanese leader Tsai Ing-wen.

Washington unveiled plans for the trade negotiations in August in a show of support while Beijing was staging huge military drills in response to then-speaker Pelosi’s visit to Taipei.

China lashes out at any diplomatic action that appears to treat Taiwan as a sovereign nation and has reacted with growing anger to visits by Western politicians.

In April, Beijing conducted three days of military exercises simulating a blockade of the island in response to McCarthy and Tsai meeting in California.

ShareTweet
Staff Writer

Staff Writer

AFP with The Globe Post

Related Posts

A Black Lives Matter mural in New York City.
Opinion

Fuhgeddaboudit! America’s Erasure of History

by Stephen J. Lyons
April 2, 2025
Smoke from the Palisades Fire in Pacific Palisades, California, from Santa Monica, California, on January 7
National

Los Angeles Fire Deaths at 10 as National Guard Called In

by Staff Writer with AFP
January 10, 2025
President Donald Trump and Ukrainian President Volodymyr Zelensky shake hands during a meeting in New York on September 25, 2019
World

Zelensky Says ‘Unpredictable’ Trump Could Help End War

by Staff Writer with AFP
January 2, 2025
President Donald Trump in the Brady Briefing Room of the White House.
National

Trump Wishes ‘Merry Christmas’ to ‘Left Lunatics’ in Frenzy of Social Posts

by Staff Writer with AFP
December 27, 2024
US President Donald Trump inspects border wall prototypes
National

Trump Confirms Plan to Use Military for Mass Deportation

by Staff Writer with AFP
November 18, 2024
US President Donald Trump displays a sign saying 'Trump digs coal' during a rally.
National

Gore Says Climate Progress ‘Won’t Slow Much’ Because of Trump

by Staff Writer with AFP
November 26, 2024
Next Post
This handout picture released by the state-owned company Ukrhydroenergo shows the Kakhovka hydroelectric dam which was damaged in Nova Kakhovka, near Kherson, on June 6, 2023. Photo: UKRHYDROENERGO / VIA AFP-JIJI

Russian-Held City 'Flooded' After Dam Breach

Florida Governor Ron DeSantis speaks at the Republican Jewish Coalition Annual Leadership Meeting in Las Vegas, Nevada, on November 19, 2022.

Florida Man Channels Benito Mussolini

Please login to join discussion

Recommended

A hungry young boy eats raw noodles as dislocated Palestinians carry the humanitarian aid they have received from a United Nations distribution point in Rafah, southern Gaza Strip on May 27, 2025.

UN Blasts New US-Backed Aid Distribution System in Gaza

May 28, 2025
A man holding a Venezuelan national flag during a protest against President Nicolas Maduro.

Venezuela’s Maduro Wins Landslide in Election Boycotted by Opposition

May 26, 2025
harvard

Trump Admin Revokes Harvard’s Right to Enroll Foreign Students

May 23, 2025
Deforestation in the Amazon rainforest

‘Red Alert’: Fires Drive Tropical Forest Loss to Record High

May 21, 2025
Men pass a young girl to safety over rubble in Jabalia Refugee Camp, Gaza Strip, on May 18, 2025. Search and rescue teams rescue a Palestinian girl from under the rubble after the Israeli army attacked a building at the Jabalia Refugee Camp

WHO Chief Says 2 Million ‘Starving’ in Gaza

May 20, 2025
Calais, successful crossing of migrants to England

UK PM Says in Talks Over Third Country ‘Return Hubs’ for Migrants

May 16, 2025

Opinion

A Black Lives Matter mural in New York City.

Fuhgeddaboudit! America’s Erasure of History

April 2, 2025
Bust of Deputy Rubens Paiva in the Chamber of Deputies

Democratic Brazilians Are Still Here

March 18, 2025
A woman from Guatemala

Dispatch From Central America

January 28, 2025
US President Donald Trump

Dear Trump Supporters: Is This the America You Wanted?

January 28, 2025
Putin talks to Trump in Hamburg

From Roosevelt to Trump: The Complicated Legacy of Personal Diplomacy

November 15, 2024
Saudi Crown Prince Mohammed bin Salman

Can the UN Human Rights Council Protect Rights While Abusers Sit at the Table?

October 28, 2024
Facebook Twitter

Newsletter

Do you like our reporting?
SUBSCRIBE

About Us

The Globe Post

The Globe Post is part of Globe Post Media, a U.S. digital news organization that is publishing the world's best targeted news sites.

submit oped

© 2018 The Globe Post

No Result
View All Result
  • National
  • World
  • Business
  • Interviews
  • Lifestyle
  • Democracy at Risk
    • Media Freedom
  • Opinion
    • Editorials
    • Columns
    • Book Reviews
    • Stage
  • Submit Op-ed

© 2018 The Globe Post

OSZAR »