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Taiwan, US set to resume TIFA talks April 4
Taiwan News, Staff Writer
2014-03-31 12:23 PM
Taiwan and the US are set to resume their series of trade negotiations under the bilateral Trade and Investment Framework Agreement (TIFA) in Washington, D.C., April 4. Taiwan’s delegation to the talks will be headed by Vice Minister of Economic Affairs Cho Shih-chao while the US side will be led by Acting Deputy US Trade Representative Wendy Cutler.

In a joint statement released by the Ministry of Foreign Affairs (MOFA) and the Ministry of Economic Affairs (MOEA), Taiwan’s government described the TIFA talks as an important forum for officials from the two countries to discuss trade and economic issues.

Taiwan is sending a range of officials from relevant agencies including the Council of Agriculture, the Financial Supervisory Commission and the Ministry of Health and Welfare as well as larger contingents from MOFA and MOEA.

Taiwanese officials will seek to clarify the significant efforts the government has made in the area of trade liberalization, looking for US support for its bid to participate in the proposed Trans-Pacific Partnership (TPP) trade bloc.

The TIFA talks resumed in March 2013 after a suspension of more than five years, largely due to disputes over US beef exports to Taiwan. The resumption of talks followed Taiwan's lifting of a ban on US beef products containing the additive ractopamine.

Previous TIFA meetings have been very productive, resulting in the establishment of an investment working group to discuss issues related to a possible bilateral investment agreement (BIA).

The US is Taiwan's third largest trade partner after China and Japan and is also its biggest foreign investor. In addition, Taiwan is the US’ 12th largest trade partner and the second-largest market on a per capita basis for US agricultural exports.

The continuing TIFA talks are expected to inject new momentum into and further consolidate the substantial relationship between the two countries.

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