Resolution to Strengthen US-Taiwan Economic Cooperation
| Model Bill Info | |
|---|---|
| Bill Title | Resolution to Strengthen US-Taiwan Economic Cooperation |
| Date Introduced | July 17, 2025 |
| Type | Model Resolution |
| Status | Draft |
| Task Forces | Federalism, Homeland Security and International Relations |
| Keywords | International Relations |
Resolution to Strengthen US-Taiwan Economic Cooperation
WHEREAS, the United States and Taiwan enjoy a robust trading partnership; and
WHEREAS, American and Taiwanese industries are highly complementary, and a bilateral trade agreement would facilitate cross-border commerce ensuring mutual market access and enabling legal harmonization in digital trade, intellectual property, medical device standards, and many other areas; and
WHEREAS, there are opportunities to grow US-Taiwan bilateral trade with respect to digital trade, state-owned enterprises, and standards which will facilitate trade in sectors with economic and strategic significance; and
WHEREAS, there are opportunities to grow US-Taiwan bilateral trade by enhancing trade In agricultural products which could lead to expanding US agricultural exports to Taiwan; and
WHEREAS, in 2024 Taiwan was America’s 7th largest trading partner and the United States was Taiwan’s 2nd largest trading partner; and
WHEREAS, U.S. goods exports to Taiwan in 2024 totaled $42.3 billion, up six percent ($2.4 billion) from 2023; and
WHEREAS, Taiwan has maximized foreign direct investment (FDI) in the United States with the construction of semiconductor manufacturing facilities (fabs) in the United States including an advanced fab in Arizona, investment for which expanded from $12 billion to $165 billion representing the largest FDI in a greenfield project in American history. Manufacturing semiconductors domestically secures US international supply chains to these vital items while creating American jobs with competitive salaries and contributing to America’s economic growth; and
WHEREAS, Taiwan is an exceedingly vibrant and dynamic democracy, described as a “democratic beacon of hope” for the Indo-Pacific, serving as a key trading partner and strategic ally to the United States, ranking as the 11th freest economy in the world according to the 2020 Index of Economic Freedom; and
WHEREAS, in addition to robust US-Taiwan trade, Taiwan occupies a strategically pivotal position in the Asia-Pacific as part of the First Island Chain, a line of islands along China’s Pacific coast; and
WHEREAS, the United States and Taiwan have enjoyed long-standing partnership with the shared common values of freedom, democracy, and human rights; and
Therefore, be it resolved, that lawmakers from this state support and urge the President of the United States to prioritize trade negotiations between our two likeminded democracies.