Background

President Biden on Aug. 7 signed into law H.R. 4004, which provides congressional approval of the first agreement negotiated under the U.S.-Taiwan Initiative on 21st-Century Trade and requires congressional approval of any future trade agreements with Taiwan.

The legislation greenlights the early harvest agreement under the U.S.-Taiwan Initiative on 21st Century Trade that was announced May 18, which includes provisions on customs administration and trade facilitation, good regulatory practices, services, anti-corruption, and small- and medium-sized enterprises. The bill also includes requirements for the negotiation of certain further trade agreements with Taiwan, including by requiring the Office of the U.S. Trade Representative to provide negotiating texts drafted by the U.S. or Taiwan to congressional committees in the midst of any negotiations and to hold briefings with the committees to discuss such texts. Moreover, it precludes USTR from transmitting U.S.-proposed texts to Taiwan while Congress is reviewing them.

For more information on U.S. trade negotiations with Taiwan and other partners and how your company could benefit, please contact Nicole Bivens Collinson at (202) 730-4956 or via email.

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