U.S., Taiwan conclude talks on trade facilitation, services, SMEs

The U.S. and Taiwan have concluded several chapters under their “Initiative on 21st Century Trade” in an early harvest deal that includes agreed language on trade facilitation, domestic regulation of services, good regulatory practices and small and medium-sized enterprises, the Office of the U.S. Trade Representative announced on Thursday. USTR called it the “first agreement under the initiative,” which was launched in August 2022. The U.S.-Taiwan talks were announced shortly after the U.S. launched the Indo-Pacific Economic Framework for Prosperity,...