ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Trade

Taiwan ready to negotiate trade deal with US, Tsai says

Talks face friction over beef imports and opposition from Beijing

Tsai Ing-wen speaks at a business forum in Taipei on Aug. 19. (Photo courtesy of Taiwan's Presidential Office)

TAIPEI -- Taiwan's President Tsai Ing-wen on Wednesday said her government is "prepared" to start negotiations with the U.S. on a free-trade agreement, a move that seeks stronger ties with Washington amid rising pressure from Beijing.

"Removing trade barriers and advancing overseas expansion would allow Taiwanese companies to diversify their businesses even more," Tsai told an audience of business leaders in Taipei.

The Taiwanese president has made negotiating a trade deal with the U.S. one of the top priorities of her second term, which began in May. But this goal faces friction with Washington as well as strong opposition from Beijing.

Taiwan maintains broad restrictions on imports of U.S. beef and pork, citing safety concerns that American critics say are not based on science.

While it remains unclear when trade negotiations would start, U.S. President Donald Trump's administration has put an emphasis on relations with Taiwan as tensions with Beijing have risen. Alex Azar, Trump's secretary of health and human services, recently became the highest-level American official to visit Taiwan since the U.S. ended diplomatic relations with the island in 1979.

Any move toward a bilateral trade deal would likely only escalate the standoff between Washington and Beijing.

The U.S. is Taiwan's second-largest trade partner, trailing only China. Taiwanese trade with the U.S. totaled roughly $81 billion last year and accounted for 13% of the the island's global total. Exports to the U.S. were brisk, particularly for semiconductors and telecommunication equipment, rising 17% on the year to a record high.

Taiwan logged an $11.4 billion surplus in trade with the U.S. The island ranks as America's 10th-largest trade partner.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media