Support of Tifa With Taiwanby Representative Pete Sessions
Posted on 2013-03-12
in the house of representatives
Tuesday, March 12, 2013
Mr. SESSIONS. Mr. Speaker, I rise today to endorse the resumption of
Trade Investment Framework Agreement (TIFA) negotiations between the
United States and the Republic of China (Taiwan). After five years of
inaction, I was pleased to see these important talks get underway once
I believe that much progress was made during the previous rounds of TIFA talks and that improvements were made in intellectual property protection in particular. Furthermore, I am aware that many other challenges, including the need for even stronger intellectual property protection safeguards and market access for many American products, need to be resolved.
I have had the pleasure of meeting with many officials of the Taiwanese government, and I am pleased to hear of their willingness to come forward and resume talks to improve our mutual trading relationship. Many of these trading differences can be best resolved through the resumption of active bilateral negotiations.
Taiwan currently serves as our 10th largest goods trading partner, and has been a long-standing political ally and partner to the United States. Bilateral goods and services trade totaled $85 billion in 2011. Increased economic relations between the United States and Taiwan will provide significant economic advantages to both countries.
I am proud to express my strong support for strengthening the bilateral relationship between the United States and Taiwan. Taiwan is an important ally and trading partner, and we must continue to further our relationship.