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US, Taiwan sign trade deal over China's opposition

By AP News - Jun 02, 2023, 12:40 AM ET
Last Updated - Jun 21, 2023, 01:52 PM EDT
US Taiwan Trade
ASSOCIATED PRESS

The United States has signed a trade agreement with Taiwan over opposition from China, which claims the self-ruled island democracy as part of its territory

WASHINGTON (AP) — The United States signed a trade agreement Thursday with Taiwan over opposition from China, which claims the self-ruled island democracy as part of its territory. 

The two governments say the U.S.-Taiwan Initiative on 21st-Century Trade will strengthen commercial relations by improving customs, investment, and other regulations. 

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The measure was signed by employees of the unofficial entities that maintain relations between the United States and Taiwan, a center for the high-tech industry. They have no formal diplomatic ties but maintain unofficial relations and have billions of dollars in annual trade. 

The agreement is intended to “strengthen and deepen the economic and trade relationship,” the Office of the U.S. Trade Representative said in a statement. The deputy USTR, Sarah Bianchi, attended the signing. 

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