Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Taiwan and the United States signed the first agreement under new trade initiative


June, 02 2023
watermark Economic news

Taiwan and the United States signed the first agreement under the bilateral trade initiative a year after its launch. This was announced by the Office for Trade Negotiations under the Executive Yuan (Cabinet of Ministers of Taiwan). The signing ceremony was held in Washington.


After signing the agreement, both sides said that this step is the largest and most comprehensive result of trade negotiations between the United States and Taiwan since 1979.


It is noted that the new agreement does not apply to tariff reductions or deductions, but describes practices and procedures aimed at optimizing and strengthening bilateral trade relations. In particular, the parties undertake to work to promote bilateral trade and investment flows, improve regulatory practices, promote anti-corruption measures, minimize unnecessary border formalities and encourage the development of small and medium-sized businesses.


The deal also provides for the creation of a fund that allows both sides to solve trade and investment problems and discuss opportunities.


It is worth noting that the situation around Taiwan is quite difficult. The fact is that China, which considers the island one of its provinces, opposes any official trade and economic agreements between the United States and Taiwan, seeing in this support for Taiwanese separatism.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.