Pelosi hints at possible US-Taiwan trade deal soon as China slaps sanctions on Taipei

US House Speaker Nancy Pelosi

© APA | US House Speaker Nancy Pelosi

# 03 August 2022 11:19 (UTC +04:00)

US House Speaker Nancy Pelosi addressed a joint press conference with Taiwan's President Tsai Ing-Wen on Wednesday, where she hinted at a possible trade agreement between the two nations, APA reports citing Bloomberg.

Expressing enthusiasm for strengthening relations with Taipei, Pelosi stated that the two sides had discussed three important parts of the bilateral relations-- security, governance, and economy, laid down under the US Congress' Taiwan Relations Act.

"There is great enthusiasm on both sides of the aisle for the US-Taiwan relationship. Over four decades ago, Taiwan Relations Act was built for both countries to advance our shared interests in security, governance, and economy. Our solidarity is more important than ever," said Nancy Pelosi.

She added, "There 3 important parts--security, governance, and economy. On security, our relationship is strong, and we discussed how to make it stronger. On the economy, we discussed a trade agreement that may be possible soon, and in governance, I would salute Taiwan on its leadership in tackling COVID, a real model for the world."

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