US, Taiwan Officials Vow Continued Trade Cooperation

U.S. and Taiwanese officials will continue to ramp up efforts to lift bilateral data localization requirements and revise multi-pack labeling requirements, said the Office of the U.S. Trade Representative (USTR) in a press release. The officials concluded on April 4 a Trade and Investment Framework Agreement (TIFA) Council meeting. The U.S. parties to the talks included State, Agriculture, Commerce, and Treasury Departments, as well as the Copyright Office and the Food and Drug Administration. The officials also pledged cooperation at multilateral forums, such as the Asia-Pacific Economic Cooperation (APEC) and the World Trade Organization (WTO). “The two sides updated each other on regional and multilateral initiatives,” said the release. “They highlighted their close cooperation on various initiatives in APEC, their work towards the prompt conclusion of a balanced and commercially significant expansion of the Information Technology Agreement (ITA) at the WTO, achieving entry into force and full implementation of the WTO trade facilitation agreement, and efforts to advance the Trade in Services Agreement negotiations.”