Readout of January Negotiating Round Under the U.S.-Taiwan Initiative on 21st-Century Trade

The U.S.-Taiwan Initiative on 21st-Century Trade was held in-person in Taipei, Taiwan from January 14-17, 2023 between the United States and Taiwan, under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO). This meeting followed the United States and Taiwan, under the auspices of AIT and TECRO, held in New York from November 8-9, 2022. 

Terry McCartin, an Office of the United States Trade Representative (USTR) and Assistant United States Trade Representative, led the U.S. delegation as the designated representative of AIT. The U.S. delegation also included officials from AIT, the Department of State, the Department of the Treasury, the Department of Commerce, the Department of Agriculture, the Food and Drug Administration, and the United States Agency for International Development. 

During the four-day negotiating round in Taipei, the two sides exchanged views on proposed texts covering trade facilitation, anticorruption, small and medium-sized enterprises, good regulatory practices, and services domestic regulation. A consensus was reached in several areas and pledged to maintain an ambitious negotiating schedule in the months to follow. 

As outlined in the negotiating mandate, these texts follow through on the two sides’ shared commitment to pursue a high-ambition trade initiative to strengthen and deepen economic and trade ties. 

These trade negotiations are being conducted in accordance with the United States’ one China policy, which is guided by the Taiwan Relations Act, the three U.S.-China Joint Communiques, and the Six Assurances.

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