Chabot and Taiwan Caucus Urge Commerce, USTR to Include Taiwan in the Indo-Pacific Economic Framework
Washington, March 31, 2022
Tags: Foreign Policy and Trade
Washington, D.C. – Steve Chabot (R-OH), Albio Sires (D-NJ), Mario Diaz Balart (R-FL), and Gerry Connolly (D-VA), Co-Chairs of the Congressional Taiwan Caucus, led a bipartisan group of 200 Members today in sending a letter to Commerce Secretary Gina Raimondo and U.S. Trade Representative Katherine Tai to express the Members support for Taiwan’s inclusion in the Biden Administration’s Indo-Pacific Economic Framework (IPEF).
“As Taiwan is a major economy in the Indo-Pacific region, we strongly believe that Taiwan should be invited to participate in the IPEF,” the Members wrote. “Taiwan has already expressed an interest in participating in the IPEF. The reasons in favor of Taiwan’s participation are compelling. Taiwan has long been an important trading partner of the United States and was its 8th largest in 2021 with $114 billion in total trade. It has served a critical role in diversifying the U.S. supply chain, which has become increasingly dependent on the People’s Republic of China (PRC). Since 2020, Taiwan and the United States have engaged in the U.S.-Taiwan Economic Prosperity Partnership Dialogue, covering a broad range of economic issues including digital commerce, 5G networks, telecommunications security, supply chains, infrastructure cooperation, renewable energy, global heath, and science and technology—many of the same issues to be addressed by the IPEF.”
The full letter text of the letter can be found here.