After being excluded from the US Indo-Pacific economic initiative that President Biden formally unveiled last week, US officials are negotiating with Taiwan to develop a new trade initiative between the two countries, the Biden administration has said
However, the negotiations don't mean the door is closed to Taiwan joining the larger deal, an administration official said.On Wednesday, Deputy United States Trade Representative Sarah Bianchi will meet with Taiwan Minister Without Portfolio John Deng"to announce the United States Taiwan initiative on 21st century trade," a senior administration official said.
But as CNN previously reported, it doesn't include Taiwan, which had been an open question as Biden was preparing a plan meant to create an economic sphere to counter China's growing influence in the region. On Tuesday, officials seemed open to ultimately including Taiwan in IPEF -- even while developing a similar framework bilaterally."We are committed to finding ways to deepen trade investment with Taiwan, which is why we developed this initiative," a senior official said.
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