Both countries announced that Taiwan and the US will sign the first agreement under the new framework for economic negotiations, strengthening ties between the two nations at a time of heightened tensions with China over the democratically run island.
Following Taiwan's exclusion from Washington's bigger pan-Asian trade plan, the Indo-Pacific Economic Framework, Taiwan and the United States began negotiations under the umbrella of the U.S.-Taiwan plan on 21st Century Trade in August of last year.
The first deal under the framework would be signed in Washington, according to a terse statement from Taiwan's Office of Trade Negotiations, which provided no additional information.
Sarah Bianchi, the deputy US trade representative, would attend the event, according to the US Trade Representative's office, which did not provide any other information.
The first phase of the two parties' trade plan, which dealt with regulatory practises, small businesses, and customs and border processes, was agreed upon last month.
The USTR has previously stated that after the initial agreement is completed, talks will begin on additional, more complex trade issues like agricultural, digital trade, labour and environmental standards, state-owned firms, and non-market policies and practises.
The agreement is not anticipated to change goods tariffs, but supporters claim that it will deepen economic ties between the United States and Taiwan, enhance American exports to the island, and strengthen Taiwan's ability to fend off Chinese economic pressure.
As it does with all high-level interactions between Taiwan, which Beijing claims as its own territory, and the United States, Beijing has condemned the trade negotiations.
Taiwan vehemently denies China's territorial claims, which Beijing has been attempting to impose on Taipei through a series of military exercises and other military operations on the island.