The economic and trade negotiations have officially started, but have we figured out our opponents?
What substantive benefits the Taiwan-US 21st Century Trade Initiative can bring to Taiwan's industry is what the Chinese people are most concerned about. The ultimate contribution of this initiative to Taiwan's economic development and employment figures depends on the outcome of the negotiations.
On the eve of starting negotiations, we company banner design should see the facts: Taiwan is facing the United States, which is the best at economic and trade negotiations in the world. It does not matter whether Trump or Biden is in power, or who has the majority in Congress, Republicans or Democrats.
From 2016 to 2020, during the administration of US President Donald Trump, he signed or revised bilateral trade, taxation agreements with Morocco (2018), Tunisia (2019), Mexico (2020), South Korea (2019), and Japan (2019). Most of the agreements involve tariff items and market access; in other words, the US Trade Representative (USTR) on the one hand raises the standards for tariff exemptions for other countries' products, and on the other hand tries to accelerate the flow of American products into other countries' markets, which is what the United States must achieve in trade negotiations.