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Bipartisan support for Taiwan gives hope for free trade deal, US business group says

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TAIPEI - The high level of bipartisan political support for Taiwan in the United States gives hope eventually a free trade deal could be signed, especially given progress on current talks, the American Chamber of Commerce in Taiwan's chairman said on Thursday (June 6).

AmCham Taiwan Chairperson Dan Silver and President Patrick P. Lin pose for pictures during a press conference in Taipei, Taiwan, on June 6, 2024.TAIPEI - The high level of bipartisan political support for Taiwan in the United States gives hope eventually a free trade deal could be signed, especially given progress on current talks, the American Chamber of Commerce in Taiwan's chairman said on Thursday .

While Taiwan was in 2022 excluded from the Biden administration's Asia-focused economic plan designed to counter China's growing influence, the Indo-Pacific Economic Framework, or IPEF, Washington instead began talks with Taiwan under the "21st Century" trade initiative. "The question will then become one of political will. And we can see through the USTR's priorities for 2024 released in the first quarter that Taiwan is very high on the agenda," he added, referring to the United States Trade Representative.

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Bipartisan support for Taiwan gives hope for free trade deal, US business group saysWashington is in talks with Taiwan under the "21st Century" trade initiative.
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