President Tsai Ing-wen of Taiwan, announced that she will open up imports of beef and pork from the United States.
“This decision is based on our national economic interests and consistent with our overall strategic goals for the future,” Tsai announced from the Presidential Office on Aug. 29, according to The Diplomat.
“I trust that if we can take this key step regarding U.S. beef and pork issues, it will be an important starting point for more comprehensive Taiwan-U.S. economic cooperation,” said Tsai, who hopes to sign a bilateral trade agreement (BTA) between the United States and Taiwan.
Moreover, Tsai also seeks to encourage her country’s international trade relations.
She said, “Taiwan’s economy is now at a historic turning point.”
She added, “The U.S.-China trade dispute and the current pandemic have brought structural changes to the global economy and accelerated and expanded the realignment of global supply chains,” according to the Washington Examiner.
The news was welcomed by Secretary of State Mike Pompeo, who responded on the same day that Tsai announced the end of the restriction, alluding to the revitalization of the U.S.’s economy.
“We look forward to the timely implementation of these actions, which will provide greater access for U.S. farmers to one of East Asia’s most vibrant markets, and for Taiwan consumers to high-quality U.S. agricultural products,” Pompeo said.
The marketing of meats from the United States was restricted by the residual presence of chemicals that were rejected in the past. Tsai said his decision was in line with international standards on these residues.
Amid growing tensions with the Chinese Communist Party, which claims Taiwanese territory as its own, strengthening relations between the two nations was not welcomed.
“Our position is consistent and clear, We firmly oppose military ties and cooperation between the U.S. and the Taiwan region,” said Chinese Foreign Ministry spokesman Zhao Lijian, according to the Washington Examiner.
Tsai said her administration was simultaneously protecting her country’s pig farmers by creating a $340 million fund to help the sector, a spokesman said, according to Taiwan News.