For more information on how these negotiations may affect your business, please contact Nicole Bivens Collinson at (202) 730-4956 or via email.
Taiwan
The fifth U.S.-Taiwan Economic Prosperity Partnership Dialogue, held Oct. 23, featured exchanges on responding to economic coercion, supply chain resilience and investment, and addressing tax-related barriers to increase bilateral investment. According to the State Department, discussions focused on highlighting progress made over the past year and identifying new areas for cooperation, including on transportation and green climate initiatives, partnering on infrastructure development with regional partners, information sharing, and mutual understanding.
Caribbean
U.S. Trade Representative Katherine Tai met Oct. 18 with ministers from the Caribbean Community to discuss how the two sides can advance inclusive trade and investment policies, including through the Caribbean Basin Initiative and the U.S.-CARICOM Trade and Investment Framework Agreement. USTR said ministers also explored opportunities for cooperative efforts to “generate long-term, equitable, broad-based economic prosperity, enhanced participation, and supply chain resilience for all of our communities.” Technical teams were directed to immediately intensify cooperation on these matters and other shared priorities.
According to a readout from Trinidad & Tobago’s Ministry of Trade and Industry, Tai “reiterated that the CBI is here to stay and will be updated to remain relevant to the needs of its beneficiary countries,” including by “expanding the scope of the trade and investment instrument to foster greater inclusiveness.” She also said that in light of the region’s concerns the U.S. “is willing to convene ad-hoc technical sessions to address nearshoring and supply chains and inclusiveness before the end of 2024.”
Montenegro
At the first-ever in-person U.S.-Montenegro Senior Economic Dialogue, held Oct. 21 in Washington, D.C., the two sides signed a memorandum of understanding that aims to expand two-way trade and investment and support the regional economy. In addition, officials discussed joint approaches to improving foreign investment screening and commercial law training; energy infrastructure; trusted vendor procurement for technology; cybersecurity; investment security; and addressing non-market policies and practices.
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