Taiwan President presses bilateral trade agreement with US

13-Apr-2019 Intellasia | Taiwan News | 6:00 AM Print This Post

President Tsai Ing-wen met with a US State Department trade official on April 12

President Tsai Ing-wen on Friday (April 12) reaffirmed her administration’s position on pursing a bilateral trade agreement with the United States.

During a meeting with David Meale, a visiting US State Department deputy assistant secretary, Tsai said such deal would further deepen the close relationship between the two nations.

“The signing of a bilateral trade agreement (BTA) has long been a priority for us,” Tsai told the US official. “A BTA will render our economic, trade, and investment relations closer and even more robust,.”

Despite the lack of an official diplomatic relationship, trade ties between Taiwan and the United States have long been significant. The US was the second largest trading partner of Taiwan in 2017, while Taiwan ranked the 11th largest trading partner of the United States in 2018.

“Bilateral trade grew by 11 percent to exceed $76 billion last year,” said Tsai. “That’s more trade than the US does with Brazil or Australia.”

The President added that Taiwan is also willing to explore potential cooperation with the United States in promoting prosperity and development of the Indo-Pacific region.

Lauding the development of Taiwan’s technology industry as important for the global supply chain, Meale said the US will continue to work with Taiwan to build technologies for the future based on mutual “economic relations” and “trust”.

Meale reiterated the US commitment to Taiwan, emphasising that there is still much room for progress in terms of bilateral economic ties.



Category: Taiwan

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