EU and Taiwan Advance Trade Talks As Switzerland Exits
The EU and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Taiwan) jointly proposed revisions to pre-shipment inspection (PSI) rules to facilitate trade. Switzerland's withdrawal from the co-sponsorship highlights differing interests. The proposal focuses on harmonizing inspection standards, ensuring process transparency, reasonable fees, and effective dispute resolution. Trade facilitation faces both challenges and opportunities, requiring international cooperation and technological innovation. This collaborative effort seeks to streamline international trade processes and reduce potential barriers.
