Almost two dozen GOP House representatives urged President Joe Biden to pursue a formal free trade agreement with Taiwan, citing economic and national security benefits amid influence from the Chinese Communist Party (CCP) in the Indo-Pacific region.
The letter, led by Rep. Lisa McClain (R-Mich.), was joined by 22 other GOP House representatives.
They said that a formal free trade agreement would bring “significant economic benefits” to the two nations. They noted that Taiwan is the United States’ 13th largest export partner and sixth largest agricultural export market.
“A free trade agreement would open even more opportunities for our manufacturers and farmers,” lawmakers said in the letter. “The United States would have better access to Taiwanese food and energy sectors and see improved protection for our businesses’ intellectual property rights.”
Taiwan also brings potential benefits in the technology industry, the lawmakers pointed out. “Taiwan has rapidly become one of the premier electronics manufacturing hubs in the world. Taiwanese firms account for at least 48 percent of total semiconductor fabrication globally,” lawmakers said, adding that such companies are seeking to expand and benefit from the U.S. workforce.
Lawmakers also said a free trade agreement would improve national security for both countries amid influence from the CCP that’s becoming “the greatest threat” to the United States and its allies.
“We have seen how the CCP uses economic investment to expand its influence. The Belt and Road Initiative is one example of how the CCP plans to curry favor with poorer or weaker nations,” they said, adding that a trade agreement with Taiwan will help the United States counter the CCP’s economic influence in the Indo-Pacific region.
In doing so, the United States can help embolden Taiwan and other allies to resist the CCP, lawmakers added. “While China continues to harass our partners through their territorial claims, a United States economic commitment to complement our military presence would pay significant dividends.”
The White House did not immediately respond to The Epoch Times’ request for comment.
Taiwan’s economy is heavily dependent on China, the latter being Taiwan’s largest trading partner—occupying 24.3 percent of the island’s total trade in 2019. The United States is in second place, at 13.2 percent.
Taiwan’s effort to sign FTAs with other countries has been hampered by opposition from the Chinese regime, which sees the island as a part of its territory that must one day be united with the mainland. However, the self-ruled island is a democratic market economy with its own currency, military, and constitution.