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Investing.com -- Taiwan’s trade negotiations with the United States will be submitted to parliament for review once finalized but must remain confidential for now, Taiwan’s deputy chief trade negotiator Yen Hui-hsin told Parliament on Monday.
The comments came after President Lai Ching-te said on Friday that the 20% U.S. tariff is "temporary" and the government will continue to work toward reasonable tariff rates and complete the final stage of negotiations.
During a cross-party consultation, opposition parties including the Kuomintang (KMT) and Taiwan People’s Party (TPP) expressed concerns about the cabinet’s refusal to share details of the ongoing negotiations.
"This confidentiality agreement is being handled in accordance with Article 12," Yen said, referring to a provision in Taiwan’s treaty laws.
Yen explained that maintaining confidentiality was required by the United States. "In tariff negotiations, the U.S. mandates confidentiality agreements before any consensus is reached to avoid unnecessary disruptions," she said. "Because of the diplomatic considerations involved, this has not been submitted to the Legislative Yuan for review."
She added that the agreements protect sensitive information and regulate information exchange, prohibiting unauthorized sharing of negotiation materials.
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