USTBC Applauds USTR Announcement of Intent to Restart TIFA Talks with Taiwan, Calls for Bilateral Trade Agreement

June 10, 2021

US-Taiwan Business Council Logo

Press Release:
US-Taiwan Business Council Applauds USTR Announcement of Intent to Restart TIFA Talks with Taiwan, Calls for Bilateral Trade Agreement

(Arlington, Virginia, June 10, 2021)

The US-Taiwan Business Council today welcomed the announcement by the Office of the U.S. Trade Representative (USTR), committing to convening the 11th Trade and Investment Framework Agreement (TIFA) Council meeting with Taiwan in the coming weeks.

The upcoming TIFA meeting – which will be conducted by the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO) – will be the first such meeting since October of 2016. The announcement came after U.S. Trade Representative Ambassador Katherine Tai met virtually today with Taiwan Minister Without Portfolio John Deng, who oversees Taiwan’s trade policy.

Council President Hammond-Chambers commented that “TIFA is a modest platform which the U.S. and Taiwan have periodically employed to conduct exchanges and negotiations on bilateral economic issues. While the absence of a TIFA meeting since 2016 is reason enough to talk, the action-forcing event is likely one of the four Taiwan referendums slated for August 28, 2021. President Tsai Ing-wen has enacted new import rules allowing import of U.S. pork with traces of the steroid ractopamine, and one of the referendums will determine if the Taiwan people wish to halt such imports. Referendum passage, while non-binding, would have long-term negative implications for bilateral trade relations. Issues surrounding ractopamine residue in meat imports have been an insurmountable obstacle for expanded bilateral trade talks for the last decade, and referendum passage would also impede President Tsai’s ability to move this noxious issue permanently off the table.

Hammond-Chambers added that “On June 8, the US-Taiwan Business Council joined with our colleagues at the American Chamber of Commerce in Taiwan to send a letter from the US-Taiwan Bilateral Trade Agreement Coalition (www.ustaiwanbta.com) to Ambassador Tai, asking her to move beyond the TIFA and to begin negotiations with Taiwan on a high-standards trade agreement. While restarting TIFA is an indispensable first win, the two organizations – representing American business interests in Taiwan on both sides of the Pacific –encouraged USTR Tai to announce her intention to initiate BTA talks as soon as feasible.

A copy of the BTA Coalition letter to Ambassador Tai is attached.

About the US-Taiwan Business Council:

The US-Taiwan Business Council (www.us-taiwan.org) is a membership-based non-profit organization, founded in 1976 to foster trade and business relations between the United States and Taiwan. The Council provides its members with business intelligence, offers access to an extensive network of relationships, and serves as a vital and effective representative in dealing with business, trade, and investment matters.

Related Media

July 10, 2020 Press Releases

USTBC Comments on Repair & Recertification of PAC-3 Missiles to Taiwan

Press Release: The US-Taiwan Business Council Comments on the Proposed Sale of Repair & Recertification of Patriot Advanced Capability-3 (PAC-3) Missiles to Taiwan (Arlington, Virginia, July 10, 2020) The US-Taiwan Business Council today welcomed the announcement of a possible Foreign Military Sale of Repair and Recertification of Patriot Advanced Capability-3 (PAC-3) Missiles to Taiwan. The […]

July 8, 2019 Press Releases

USTBC Comments on M1A2 Abrams MBT & Stinger Missile Arms Sales to Taiwan

Press Release: Proposed M1A2 Abrams Main Battle Tank and Stinger Missile Arms Sales to Taiwan (Arlington, Virginia, July 8, 2019) The US-Taiwan Business Council today welcomed the announcement of two possible Foreign Military Sales of M1A2 Abrams Main Battle Tanks (MBT), Stinger Missiles, and related equipment and support to Taiwan for a total estimated value […]

November 3, 2020 Press Releases

USTBC Welcomes the Sale to Taiwan of 4 MQ-9B SeaGuardian Surveillance Drones

Press Release: The US-Taiwan Business Council Welcomes the Sale to Taiwan of 4 MQ-9B SeaGuardian Surveillance Drones (Arlington, Virginia, November 3, 2020) The US-Taiwan Business Council today welcomed the announcement of a possible Foreign Military Sale to Taiwan of 4 Weapons-Ready MQ-9B Remotely Piloted Aircraft and related equipment. The Defense Security Cooperation Agency (DSCA) delivered […]

October 26, 2020 Press Releases

USTBC Welcomes the Sale to Taiwan of Mobile Coastal Defense Systems with RGM-84L-4 Harpoon Block II Missiles

Press Release: The US-Taiwan Business Council Welcomes the Sale to Taiwan of Mobile Coastal Defense Systems with RGM-84L-4 Harpoon Block II Missiles (Arlington, Virginia, October 26, 2020) The US-Taiwan Business Council today welcomed the announcement of a possible Foreign Military Sale to Taiwan of up to 100 Harpoon Coastal Defense Systems (HCDS) with up to […]

May 8, 2017 Press Releases

USTBC Comments on a Letter from Congress to President Trump on Prioritizing an FTA with Taiwan

Press Release: Members of Congress Urge Priority Consideration for a U.S.-Taiwan Free Trade Agreement (Arlington, Virginia, May 8, 2017) In a January 23, 2017 memorandum, President Donald Trump directed the Office of the U.S. Trade Representative (USTR) “to begin pursuing, wherever possible, bilateral trade negotiations” to promote American economic interests. In a letter to the […]