Us Taiwan Trade Agreement

Taiwan, for its part, also has national constituencies sensitive to additional competition. Taiwan`s Foreign Ministry also said on Sunday that it would continue its efforts to join the Transatlantic and Progressive Partnership Agreement for Trans-Pacific Partnership (CPTPP), an agreement that emerged from the abandoned Trans-Pacific Partnership (TPP) after the United States withdrew from the agreement. Former Australian Prime Minister Malcolm Turnbull said last month that he supported a free trade agreement between Australia and Taiwan and Taiwan`s inclusion in the CPTPP at a virtual forum also attended by Taiwanese President Tsai Ing-wen. U.S. trade with Taiwan was estimated at $US 103.9 billion in 2019, according to the latest figures from the Office of the U.S. Trade Representative. .

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