On June 28, 2022, the Taiwan-US 21st Century Trade Initiative was held in Washington for the first time. The US Trade Representative (USTR) and our representatives attended the meeting. The two sides decided to "advance mutual trade priorities on the basis of common values." Based on shared values), Xiao Meiqin, the representative to the United States, said that "official" negotiations are expected to start after July. The economic and trade negotiations have officially started, but have we figured out our opponents? What substantive benefits the Taiwan-US 21st Century Trade Initiative can bring to Taiwan's industry is what the Chinese people are most concerned about.
The ultimate contribution of this initiative to Taiwan's economic development and employment figures depends on the outcome of the negotiations. On the eve of starting negotiations, we should see the facts: Taiwan is facing the United States, which photo retouching service is the best at economic and trade negotiations in the world. It does not matter whether Trump or Biden is in power, or who has the majority in Congress, Republicans or Democrats. From 2016 to 2020, during the administration of US President Donald Trump, he signed or revised bilateral trade, taxation agreements with Morocco (2018), Tunisia (2019), Mexico (2020), South Korea (2019), and Japan (2019).
Most of the agreements involve tariff items and market access; in other words, the U.S. Trade Representative (USTR) on the one hand raises the standards for tariff exemptions for other countries’ products, and on the other hand tries to speed up the flow of U.S. products into other countries’ markets. This is what the U.S. side must achieve in trade negotiations. The goal. The Taiwan-US 21st Century Trade Initiative claims that it is a structure that does not involve tariffs, but this does not mean that Taiwan does not need preferential tariffs. Rather than tariff preferences, how to implement bilateral trade may be as difficult as tariff negotiations.