HomeWorldUS and Taiwan defy Chinese opposition to sign trade agreement

US and Taiwan defy Chinese opposition to sign trade agreement

The United States of America has signed a trade agreement with Taiwan over the objection of China, which emphasizes that the self-governing island is part of its territory under the “one China” principle.

“The US-Taiwan 21st Century Trade Initiative will strengthen trade relations between the two countries through improved customs, investment and other regulations,” the two governments said.

The agreement was signed by employees of the informal structures that maintain relations between the US and Taiwan, since Washington and Taipei do not have formal diplomatic relations, but maintain informal relations, exchanging billions of dollars in annual trade.

The US Trade Representative said in a statement that the agreement aims to “strengthen and deepen economic and trade relations.”

The Chinese government has accused Washington of violating the Taiwan status agreements and called on the US government to stop official contact with the Taiwanese government.

Source: AP

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