Taiwan and US could begin talks on closer economic ties ‘in a few weeks’

The new discussions will “explore concrete ways to deepen the US-Taiwan trade and investment relationship,” the officials said, with the focus on institutionalizing cooperation in supply chain resilience, labor, environment and sustainable development.

A formal announcement will come after “coordination and consultations are made,” according to a senior official.

CNN is reaching out to the White House for comment.

A senior official also told CNN on Friday that Taiwan may send a delegation to participate in the SelectUSA summit in Maryland in June. The summit facilitates overseas business investment into the United States.

Taiwan was excluded from the Indo-Pacific Economic Framework (IPEF), a regional economic plan unveiled by President Joe Biden during his visit to Tokyo earlier this week. The framework is Biden’s attempt at engaging a region increasingly coming under the influence of China.

The IPEF isn’t a trade agreement in the traditional sense. It…

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