U.S. and Taiwan begin formal negotiations on trade initiative

The U.S. and Taiwan have began formal negotiations on a bilateral commerce initiative to deepen financial ties, in a transfer more likely to inflame already excessive tensions with China.

The primary spherical of commerce talks is ready to happen “early this fall,” the Workplace of the U.S. Commerce Consultant mentioned in a press release Wednesday, unveiling a negotiating mandate for the U.S.-Taiwan Initiative on twenty first Century Commerce introduced in June. Discussions will cowl commerce facilitation, regulatory practices, anti-corruption requirements, deepening agriculture commerce and different points, the workplace mentioned.