Written by Brian Hioe. The US and Taiwan signed the first stage of the US-Taiwan Initiative on 21st Century Trade in June, paving the path for both to streamline customs and taxation procedures between both sides. The trade agreement will also boost economic cooperation regarding small-to-medium-sized enterprises, while implementing anti-corruption measures. Progress on the trade agreement has continued, with the second negotiating round of the agreement starting in August. In particular, an end to double taxation between the US and Taiwan is a concrete outcome that both sides may pursue, long a stumbling block for those that work and do business in both the US and Taiwan. As progress on the US-Taiwan Initiative on 21st Century Trade has continued, legislation to this effect has been introduced in the US Senate.