Senate Resolution 138 - Introduced PAG LIN S.R. ________ H.R. ________ 1 1 SENATE RESOLUTION NO. ___ 1 2 BY BEALL and BLACK 1 3 A Resolution supporting a free trade agreement between 1 4 the Republic of China on Taiwan and the United States. 1 5 WHEREAS, the Republic of China on Taiwan and the 1 6 United States enjoy one of the most important economic 1 7 and strategic international relationships that exists 1 8 today; and 1 9 WHEREAS, together, Taiwan and the United States 1 10 promote a shared belief in freedom, democracy, and 1 11 market principles; and 1 12 WHEREAS, the level of mutual investment between 1 13 Taiwan and the United States is substantial; and 1 14 WHEREAS, streamlined foreign investment procedures 1 15 developed under a free trade agreement between Taiwan 1 16 and the United States would create new business 1 17 opportunities and new jobs; and 1 18 WHEREAS, a free trade agreement between Taiwan and 1 19 the United States would encourage greater innovations 1 20 and manufacturing efficiencies by stimulating joint 1 21 technological development, practical applications, and 1 22 new cooperative ventures; and 1 23 WHEREAS, a recent study by the United States 1 24 International Trade Commission supports the 1 25 negotiation of a free trade agreement between Taiwan 1 26 and the United States; and 1 27 WHEREAS, a free trade agreement between Taiwan and 1 28 the United States would build on the existing strong 1 29 relations between Taiwan and the United States to 1 30 simultaneously boost Taiwan's security and democracy 2 1 and serve the broader interests of the United States 2 2 in the Asia=Pacific region; NOW THEREFORE, 2 3 BE IT RESOLVED BY THE SENATE, That the Senate 2 4 supports the negotiation of a free trade agreement 2 5 between the Republic of China on Taiwan and the United 2 6 States of America; and 2 7 BE IT FURTHER RESOLVED, That upon adoption, an 2 8 official copy of this Resolution be prepared and 2 9 presented to the Taipei Economic and Cultural Office 2 10 located in Chicago, Illinois. 2 11 LSB 6578SS 82 2 12 jr/rj/14