US lawmakers have voted to approve an agreement aimed at strengthening economic relations with Taiwan, despite objections from China. The US-Taiwan Initiative on 21st Century Trade seeks to simplify customs procedures, enhance regulatory processes, and establish measures to combat corruption. The agreement, which has already been signed by the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States, will now move to the Senate for ratification. Although the US does not have official diplomatic ties with Taiwan, it remains a key ally and trade partner.
China, however, views Taiwan as its territory and strongly opposes any official or sovereign relationships between the island and other countries. In response to the agreement, China warned the US against entering into any pacts with Taiwan that could be construed as having political implications. These developments come after China conducted military exercises simulating a blockade of Taiwan in April, in response to meetings between US House Speaker Kevin McCarthy and Taiwanese President Tsai Ing-wen.
Read Next
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.
For feedback, complaints, or inquiries, contact us.
Denial of responsibility! SamacharCentrl is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
Denial of responsibility! Samachar Central is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
