NASS Resolution Supporting US - Taiwan Bilateral Trade and Investment

WHEREAS, Taiwan and the United States are long-standing friends with a shared historical relationship and the dearly cherished values of freedom, democracy, and rule of law; and 

WHEREAS, Taiwan is one of the United States’key trading partners, with the two-way trade volume between the United States and Taiwan reaching $67.4billion in 2014, making Taiwan the United States' 10th-largest trading partner; and 

WHEREAS, the United States was the largest source of foreign direct investment in Taiwan, cumulatively investing $23 billion as of January 2014; and

WHEREAS,Taiwanhas beenan important cooperative partner in the SelectUSA investment initiative, a U.S. government programdesigned to promote business investment in the U.S,and Taiwan has sentone of thelargest delegationsto participate in the SelectUSA Investment Summitin 2013 and 2015 respectively; and 

WHEREAS Taiwan and the United States resumed negotiations underthe Trade and Investment Framework Agreement (TIFA) in March 2013 after a six-year hiatus and held the eighth round of negotiations in April 2014; and

WHEREAS, the 2014 TIFA Council meeting welcomed steps by Taiwan authorities to improve trade secrets protection, address pharmaceutical issues, clarify investment criteria, lift data localization requirements in the financial sector, and to revise standards affecting U.S. market access; and 

WHEREAS, in 2014 the U.S. Deputy Assistant Secretary for theBureau of East Asian and Pacific Affairsstated that the U.S. wasconsidering Taiwan's interest in restarting exploratory talks for a Bilateral Investment Agreement; 

NOW, THEREFORE, BE IT RESOLVED, that the National Association of Secretaries of State (NASS) supports continued efforts between the United States and Taiwan to strengthen and expand opportunities for bilateral trade and investment;and 

BE IT FURTHER RESOLVED that the copies of this resolution be sent to the United States Secretary of State and Office of the United States Trade Representative. 

Adopted the 12th day of July 2015 

in Portland, ME 

EXPIRES: Summer 2020