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RESOLUTION AS INTRODUCED 2007-2008

SENATE RESOLUTION

State of Vermont

Senate Chamber

Montpelier, Vermont

Senate Resolution


   By Senators Mullin and Bartlett,

     S.R. 5.  Senate resolution supporting a Taiwan-United States agreement (TUFTA).

Whereas, Taiwan and the United States share an important economic and strategic international relationship, and

Whereas, TUFTA advances the national interests of both Taiwan and the United States, and

Whereas, both countries are members of the World Trade Organization (WTO), and TUFTA would expand on the principles advanced by the WTO and the Asia Pacific Economic Cooperation, and

Whereas, Taiwan and the United States share and promote a mutual belief in freedom, democracy, antiterrorism, and market principles, and

Whereas, the level of mutual investment between Taiwan and the United States is quite high, whereby Taiwan is the eighth largest trading partner of the United States and, in 2005, United States exports to Taiwan totaled $22 billion, and

Whereas, United States exports to Taiwan under TUFTA would expand by an estimated $3.4 billion, and

Whereas, two-way investment flow would create new business and employment opportunities and would foster closer ties between Taiwanese and United States firms, and

Whereas, streamlined foreign investment procedures developed under TUFTA would lead to further investment by firms in both Taiwan and the United States, and

Whereas, TUFTA would stimulate joint development of advanced technology and new high-tech applications, and promote new cooperative ventures, and

Whereas, a 2002 study by the U.S. International Trade Commission supports the negotiation of a Taiwan-United States Free Trade Agreement, and

Whereas, TUFTA would build on the existing strong relations between Taiwan and the United States to boost simultaneously Taiwan's security and democracy, and would serve the broader interests of the United States in the Asia-Pacific region, now therefore be it

Resolved by the Senate: 

That this legislative body supports the negotiation of a Taiwan-United States Free Trade Agreement, and be it further

Resolved:  That the Secretary of the Senate be directed to send a copy of this resolution to the President, to U. S. Commerce Secretary Carlos Gutierrez, to the members of the Vermont Congressional delegation, to President Chen Shui-bian of Taiwan, and to K.T. Yang, Director General of the Taipei Economic and Cultural Office in Boston.

 

 


 



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us