The Office of the United States Trade Representative (USTR) says the US and Taiwan have reach an initial agreement on what they are referring to as a '21st Century' trade pact.
It'll cover customs and trade facilitation, regulatory practices, services regulations, anti-corruption measures and SMEs.
The statement adds that there are further US-Taiwan negotiations still to come on additional trade areas including agriculture, digital trade, labour, environment and SOEs.
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The Chinese Communist Party over on the mainland should spit the dummy and publicly cry about this. Expect anti-US rhetoric beginning during the Beijing morning. Its currently just after 5am in China.
