Agreements on Investment, Technology at Latest U.S.-Taiwan Trade Council Meeting
The U.S. and Taiwan agreed to joint principals on information and communication technology services and plans to combat investment and technical trade barriers at the most recent meeting of the U.S.-Taiwan Trade and Investment Framework Agreement Council. The joint agreement on technology services calls for governments to allow cross-border information flows, foreign participation in information and technology service sectors, and maximizing spectrum use. Read the statement here. The agreement on trade barriers is a broad statement about each country’s commitment to international investment, including calls for strong investor protection and fair dispute procedures (here).
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
At the meeting, Taiwan agreed to conduct bilateral technical exchanges “to facilitate the establishment of science-based maximum residue levels for pesticides to enable Taiwan to enjoy the benefits of new, safer and more environmentally-friendly products,” according to a release from the U.S. Trade Representative. Deputy United States Trade Representative Demetrios Marantis, who participated in the meeting, also “underscored his request that Taiwan’s food safety measures -- including those relating to meat exports -- are based on science and consistent with international standards,” the release said. Members of the council will continue their meetings March 11 and 12, the release said.