Source: Taiwantrade | Updated: 01 February 2013
The ministry made the statement after the two countries agreed to resume the TIFA talks, which have been suspended since July 2007.
The next round of TIFA talks will take place in Taipei before the end of March, the MOEA said in a statement.
Economics Vice Minister Cho Shih-chao will head Taiwan's delegation at the meeting while Deputy U.S. Trade Representative Demetrios Marantis will lead the U.S. delegation, the statement said.
TIFA is the core mechanism under which Taiwan and the United States discuss trade and investment issues and explore new avenues for bilateral and multilateral cooperation, the statement said.
The two sides are now working on the agenda for the upcoming TIFA meeting, which is expected to help deepen two-way trade and investment and usher in new milestones in bilateral economic relations and cooperation, the MOEA said.
The United States is Taiwan's third largest trade partner and largest source of foreign investment, while Taiwan is the United States' 10th largest trade partner and 15th largest export market and 10th largest source of imports, the ministry said.