US, Taiwan hold economic dialogue

US, Taiwan hold economic dialogue

US, Taiwan step up economic cooperation in new dialogue

The US statement said future dialogues will help strengthen the US-Taiwan economic relationship and the shared commitment to free markets.

The two sides held the first meeting of a new Economic Prosperity Partnership Dialogue in Washington on Friday.

While welcomed in Washington, and removing a roadblock to a long sought after US free trade deal for Taiwan, the KMT has strongly opposed the decision, tapping into public concern about food safety after several high-profile scandals in recent years.

China, which views Taiwan as its own territory to be reunited by force if necessary, has criticized such steps as provocation.

People join a protest to oppose the import of USA pork containing ractopamine, an additive that enhances leanness in Taipei, Taiwan, November 22, 2020. However, Taiwan in August announced the easing of restrictions on imports of American beef and pork, lowering a trade barrier for US businesses that is expected to pave the way for further trade negotiations.

The dialogue addressed areas of further cooperation, such as the State Department's new Clean Network project and 5G security, semiconductors, as well as investment screening and science and technology.

Taiwan's foreign minister voiced confidence on Saturday that the incoming government of U.S. President-elect Joe Biden would support a long sought-after bilateral trade agreement, following high level economic talks with the outgoing administration.

Tsai's government and her ruling Democratic Progressive Party (DPP), which has a large majority in parliament, says the decision brings the island into line with global norms, is not a safety threat and will boost Taiwan-U.S. ties.

Taiwan's Deputy Minister of Economic Affairs Chen Chern-chyi brought a delegation to Washington for the discussions.

China responded with a show of force, flying multiple fighter jets across the Taiwan Strait toward the island during both visits. S. economic talks, Foreign Minister Joseph Wu noted the cross-aisle support for Taiwan's meat decision, as well as October's call by 50 US senators from both parties for President Donald Trump's administration to begin negotiating a trade deal with the island.

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