First agreement under Taiwan-US trade initiative to come into force
The first agreement signed under a trade initiative between Taiwan and the United States will come into force on Tuesday, both governments announced, as Taipei hopes a raft of ongoing talks will eventually lead to a free trade deal.
Taiwan was excluded from the US-led Indo-Pacific Economic Framework, part of the Biden administration's effort to counter what it says is Beijing's increasing economic and military coercion in the region, when it was set up in 2022.
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