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50 US Senators urged US-Taiwan Trade Agreement to counterbalance China's economic dominance in Indo-Pacific Region
A total of fifty US Senators from the Republican and the Democratic Parties, accounting for more than half of the Senate, sent a joint letter to the US Trade Representative Robert Lighthizer on Thursday [01 October]. The letter states that Taiwan is a long-term economic partner as well as a safe ally of the US, and called for a bilateral trade agreement (BTA) between two countries as soon as possible. This is part of the from the Congress to the US government to counter China. The Ministry of Foreign Affairs of Taiwan expressed gratitude to the US Congress for showing bipartisan support for Taiwan once again.
42 Republican Party Senators and 8 Democratic Party Senators participated in the joint petition, including the co-chairs of the Senate Taiwan Caucus, James Inhofe and Robert Menendez along with US Senate Committee on Foreign Relations chairman, Jim Risch. The letter stated that they believed this is the time to negotiate trade agreements with like-minded countries in the Indo-Pacific region. A time when the US was seeking to promote an initiative for a free and open Indo-Pacific. Therefore, they strongly recommend having formal trade agreement negotiations with Taiwan.
The letter also stated that Taiwan is the 11th largest trade partner with the US, showing the ability to maintain its economic partnership with the US. Also, Taiwan is supporting approximately 208,000 jobs in the US and this number could increase after the signing of a comprehensive bilateral trade agreement.
#Taiwan #US #TradeNegotiation #Economy #USCongress #USsenators #JointStatement
Source: Apple Daily #Oct02
https://hk.appledaily.com/international/20201002/JEPPYE7VURB3LPUXYNMPEXVST4/
A total of fifty US Senators from the Republican and the Democratic Parties, accounting for more than half of the Senate, sent a joint letter to the US Trade Representative Robert Lighthizer on Thursday [01 October]. The letter states that Taiwan is a long-term economic partner as well as a safe ally of the US, and called for a bilateral trade agreement (BTA) between two countries as soon as possible. This is part of the from the Congress to the US government to counter China. The Ministry of Foreign Affairs of Taiwan expressed gratitude to the US Congress for showing bipartisan support for Taiwan once again.
42 Republican Party Senators and 8 Democratic Party Senators participated in the joint petition, including the co-chairs of the Senate Taiwan Caucus, James Inhofe and Robert Menendez along with US Senate Committee on Foreign Relations chairman, Jim Risch. The letter stated that they believed this is the time to negotiate trade agreements with like-minded countries in the Indo-Pacific region. A time when the US was seeking to promote an initiative for a free and open Indo-Pacific. Therefore, they strongly recommend having formal trade agreement negotiations with Taiwan.
The letter also stated that Taiwan is the 11th largest trade partner with the US, showing the ability to maintain its economic partnership with the US. Also, Taiwan is supporting approximately 208,000 jobs in the US and this number could increase after the signing of a comprehensive bilateral trade agreement.
#Taiwan #US #TradeNegotiation #Economy #USCongress #USsenators #JointStatement
Source: Apple Daily #Oct02
https://hk.appledaily.com/international/20201002/JEPPYE7VURB3LPUXYNMPEXVST4/