In another evidence of increased US backing for the island, the United States and Taiwan on Wednesday agreed to begin trade negotiations under a new initiative which is sure to anger China. The two sides stated that they intended to negotiate accords with "economically meaningful outcomes."

In June, just days after the Biden administration removed the Chinese-claimed island from its Asia-focused economic strategy intended to challenge China's expanding influence, Washington and Taipei presented the U.S.-Taiwan Initiative on 21st-Century Trade. The first round of negotiations is anticipated to begin early this fall, according to the office of the US Trade Representative, which stated that the two parties had "reached consensus on the negotiating mandate."

Deputy United States Trade Representative Sarah Bianchi said in a statement, "We plan to pursue an ambitious schedule for achieving high-standard commitments and meaningful outcomes covering the eleven trade areas in the negotiating mandate that will help build a fairer, more prosperous and resilient 21st-century economy."&nbsp;

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The United States and Taiwan have established a robust agenda for discussions on topics like trade facilitation, sound regulatory standards, and removing discriminatory trade obstacles, according to the negotiating mandate released along with the statement. The formal negotiations will begin with the goal of coming to agreements with "high standard commitments and economically meaningful outcomes," it was stated.

It made no mention of the potential for a comprehensive free trade agreement, which Taiwan has been urging for. Washington has been eager to increase assistance for Taiwan despite the absence of formal diplomatic connections, particularly as it comes under increased political pressure from China to recognise its sovereignty claims.

(with inputs from agencies)

In another evidence of increased US backing for the island, the United States and Taiwan on Wednesday agreed to begin trade negotiations under a new initiative which is sure to anger China.

In another evidence of increased US backing for the island, the United States and Taiwan on Wednesday agreed to begin trade negotiations under a new initiative which is sure to anger China. The two sides stated that they intended to negotiate accords with "economically meaningful outcomes." In June, just days after the Biden administration removed the Chinese-claimed island from its Asia-focused economic strategy intended to challenge China's expanding influence, Washington and Taipei presented the U.S.-Taiwan Initiative on 21st-Century Trade. The first round of negotiations is anticipated to begin early this fall, according to the office of the US Trade Representative, which stated that the two parties had "reached consensus on the negotiating mandate." Deputy United States Trade Representative Sarah Bianchi said in a statement, "We plan to pursue an ambitious schedule for achieving high-standard commitments and meaningful outcomes covering the eleven trade areas in the negotiating mandate that will help build a fairer, more prosperous and resilient 21st-century economy." Also Read: IN PICS| 'We're heartbroken, we're exhausted': France battles 'Monster wildfire' The United States and Taiwan have established a robust agenda for discussions on topics like trade facilitation, sound regulatory standards, and removing discriminatory trade obstacles, according to the negotiating mandate released along with the statement. The formal negotiations will begin with the goal of coming to agreements with "high standard commitments and economically meaningful outcomes," it was stated. It made no mention of the potential for a comprehensive free trade agreement, which Taiwan has been urging for. Washington has been eager to increase assistance for Taiwan despite the absence of formal diplomatic connections, particularly as it comes under increased political pressure from China to recognise its sovereignty claims. (with inputs from agencies)

US, Taiwan begin formal talks under new trade initiative in move that will anger China

The United States and Taiwan announced the launch of a new initiative to strengthen bilateral relations and deepen economic ties. It appears like a clear challenge to China. Reacting to the same, Beijing said that it "firmly" opposes the trade talks. Chinese commerce ministry spokesman Gao Feng said that the country always opposes any official exchanges between "any country and the Taiwan region of China".&nbsp;

On Wednesday (June 1), the United States and Taiwan announced the U.S.-Taiwan Initiative on 21st Century Trade. The initiative comes a week after an agreement United President Joe Biden announced with 12 Asian economies, which excluded Taiwan. It didn't include China either.&nbsp;

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In an online briefing, Feng said, "The United States should prudently handle trade and economic ties with Taiwan to avoid sending a wrong message to Taiwan separatists."&nbsp;

On one side, China claims Taiwan as part of its territory, on the other side, the US has been trying to bolster its influence in the region to counter Beijing.&nbsp;

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As recently, Biden had said that the US would respond "militarily" if China attacked Taiwan. However, there was no policy change announced in this regard.&nbsp;

The US officials said that discussions on June 1 with Taiwan will not involve tariffs or market access as the items that would require congressional approval.&nbsp;

In a statement, the US Trade Representative said that "both sides will work at pace... to develop an ambitious roadmap for negotiations for reaching agreements with high-standard commitments and economically meaningful outcomes."&nbsp;

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The United States and Taiwan announced the launch of a new initiative to strengthen bilateral relations and deepen economic ties. It appears like a clear challenge to China.

The United States and Taiwan announced the launch of a new initiative to strengthen bilateral relations and deepen economic ties. It appears like a clear challenge to China. Reacting to the same, Beijing said that it "firmly" opposes the trade talks. Chinese commerce ministry spokesman Gao Feng said that the country always opposes any official exchanges between "any country and the Taiwan region of China". On Wednesday (June 1), the United States and Taiwan announced the U.S.-Taiwan Initiative on 21st Century Trade. The initiative comes a week after an agreement United President Joe Biden announced with 12 Asian economies, which excluded Taiwan. It didn't include China either. ALSO READ | Shanghai residents spent 2 months 'locked' up, but China bans media from calling it a 'lockdown' In an online briefing, Feng said, "The United States should prudently handle trade and economic ties with Taiwan to avoid sending a wrong message to Taiwan separatists." On one side, China claims Taiwan as part of its territory, on the other side, the US has been trying to bolster its influence in the region to counter Beijing. WATCH | More seek gun training in Taiwan as Ukraine invasion fuels China fears × As recently, Biden had said that the US would respond "militarily" if China attacked Taiwan. However, there was no policy change announced in this regard. The US officials said that discussions on June 1 with Taiwan will not involve tariffs or market access as the items that would require congressional approval. In a statement, the US Trade Representative said that "both sides will work at pace... to develop an ambitious roadmap for negotiations for reaching agreements with high-standard commitments and economically meaningful outcomes." WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

China 'firmly opposes' US-Taiwan trade initiative

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