On June 29, 2021, the United States and Taiwan held the eleventh Trade and Investment Framework Agreement (TIFA) Council meeting under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO). Assistant United States Trade Representative Terry McCartin and Jen-ni Yang, Deputy Trade Representative from Taiwan’s Office of Trade Negotiations, co-led the discussions, which were held virtually and focused on enhancing the longstanding trade and investment relationship between the United States and Taiwan. Other U.S. participants and contributors included AIT and the U.S. Departments of Agriculture, Commerce, Health and Human Services, Labor, State and Treasury.
The United States and Taiwan have a long-standing and vibrant trade relationship. Taiwan is the United States’ 9th largest goods trading partner, with two-way goods trade totaling $90.9 billion in 2020. Goods and services trade between the United States and Taiwan totaled $106 billion in 2020.
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