New trade terms under an initiative between the U.S. and Taiwan have taken effect, covering areas including anti-corruption and customs administration.
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00:00New trade terms between the U.S. and Taiwan take effect on Tuesday.
00:05The first agreement signed under the U.S.-Taiwan Initiative on 21st Century Trade will cover
00:10anti-corruption, customs administration, trade facilitation, and small and medium enterprises.
00:16Talks on a second agreement are ongoing.
00:19Taiwan hopes that continuing negotiations can ultimately lead to a free trade agreement
00:24with the U.S.