Enhanced Trade Partnership arrangement between Taiwan and the United Kingdom

AN ARRANGEMENT BETWEEN THE TAIPEI REPRESENTATIVE OFFICE IN THE UNITED KINGDOM AND THE BRITISH OFFICE TAIPEI ON ESTABLISHING AN ENHANCED TRADE PARTNERSHIP BETWEEN TAIWAN AND THE UNITED KINGDOM THE TAIPEI REPRESENTATIVE OFFICE IN THE UNITED KINGDOM (“UK”) AND THE BRITISH OFFICE TAIPEI (collectively, the “Participants” and each a “Participant”); REAFFIRMING their respective rights and obligations under the World Trade Organisation (“WTO”) Agreements; REAFFIRMING their faith in and commitment towards strengthening the rules-based international trading system; REAFFIRMING their shared ambition to further strengthen bilateral trade and investment relations, building upon the well-established annual discussions between the Taiwan-UK (“Trade Talks”); RECOGNISING the importance of seeking to reduce barriers to unlock the benefits of trade for their peoples and businesses, in particular micro, small and medium sized enterprises (“MSMEs”); RECOGNISING the importance of fostering an open, fair, trusted, and secure digital environment that promotes consumer and business interests; RECOGNISING the importance of enhancing bilateral cooperation and building best practices that support environmental sustainability and address climate-related challenges; RECOGNISING the importance of establishing a foundation for addressing additional pillars and trade opportunities of mutual interest over time; HAVE REACHED the following understanding: 1. Designated representatives (a) For the British Office Taipei, the Designated Representative is identified as The Department for Business and Trade, United Kingdom. (b) For the Taipei Representative Office in the UK, the Designated Representative is identified as the Office of Trade Negotiations, Executive Yuan, Taiwan. 2. Existing rights and obligations The Participants reaffirm their rights and obligations under the WTO Agreements. 3. Objectives (a) Through this Arrangement, the Participants establish an Enhanced Trade Partnership (“ETP”). (b) The objectives of the ETP are to strengthen bilateral trade and investment relations between Taiwan and the United Kingdom, address barriers to trade, drive forward global best practice, support efforts to address climate change, […]

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