SLS 14RS-1826 ORIGINAL Page 1 of 4 Regular Session, 2014 SENATE RESOLUTION NO. 42 BY SENATOR CROWE COMMENDATIONS. Commends the Republic of China, known as Taiwan, for economic relations with Louisiana. A RESOLUTION1 To commend the Republic of China, known as Taiwan, for positive economic relations with2 the state of Louisiana, to call for closer economic relations between Taiwan and the3 United States, to support Taiwan's participation in the International Civil Aviation4 Organization and United Nations Framework Convention on Climate Change, to5 encourage peaceful resolution of ongoing disputes in the East China Sea, and to6 welcome Director General Steve Hsia for his continued efforts and contributions to7 advance economic and cultural exchange between Taiwan and Louisiana.8 WHEREAS, Taiwan is the world's twenty-seventh largest economy, eleventh most9 competitive economy worldwide, seventeenth largest export economy, eighteenth largest10 import economy, fourth largest holder of foreign exchange reserves, eleventh largest United11 States trading partner, sixteenth largest United States export market, and largest per capita12 importer of United States agricultural products, all of which have contributed to a robust bi-13 lateral trade with the United States of America; and14 WHEREAS, Taiwan is one of Louisiana's most important export markets with more15 than six hundred twenty million dollars in products imported by Taiwan in 2012; and16 WHEREAS, Governor Bobby Jindal made his first visit to Taiwan in January 201417 to meet President Ma Ying-Jeou and to hold meetings with executives from the Formosa18 SR NO. 42 SLS 14RS-1826 ORIGINAL Page 2 of 4 Plastics Group, the CPC Corporation, and others in order to promote trade successfully and1 encourage investment between Taiwan and Louisiana; and2 WHEREAS, with the approval of the United States Department of Energy granted3 in February 2014, Taiwan will begin a long-term plan to import shale gas from Louisiana,4 which is to begin in 2017 and is expected to be a multi-billion dollar business opportunity;5 and6 WHEREAS, Taiwan is a member of the World Trade Organization and the Asia-7 Pacific Economic Cooperation and maintains a bilateral free trade agreement between8 Taiwan and the United States, and a regional free trade agreement to include Taiwan would9 substantially reduce or eliminate most import quotas, duties, and other trade barriers,10 expanding market opportunities for Louisiana and the entire United States; and11 WHEREAS, the Trans-Pacific Partnership (TPP) represents a high standard,12 ambitious, comprehensive, and forward-looking pathway for achieving an eventual Free13 Trade Area of Asia-Pacific; and14 WHEREAS, Taiwan's inclusion in the TPP would lead to an overall gain of over15 seventy-seven billion dollars in social welfare for the United States and all other members;16 and17 WHEREAS, given the important role that Taiwan plays in commercial aviation and18 the global economy, it is vital that Taiwan participates as an observer in the International19 Civil Aviation Organization (ICAO) and the United Nations Framework Convention on20 Climate Change (UNFCCC) meaningful participation by Taiwan as an observer in the ICAO21 will enhance efforts to improve safety and procedures and develop a global strategy to22 address aviation security threats, and as an observer in the UNFCCC, Taiwan would23 contribute greatly to global efforts aimed at reducing and preventing natural disasters; and24 WHEREAS, in light of the controversies in the East China Sea and the Diaoyutai25 Islands, it is necessary to urge all parties concerned to resolve disputes peacefully; in order26 to seek out a path to coexistence and mutual prosperity, the government of the Republic of27 China proposes the East China Sea Peace Initiative in an effort to make the East China Sea28 a place of peace and cooperation; and29 WHEREAS, Steve Hsia, Director General of the Taipei Economic and Cultural30 SR NO. 42 SLS 14RS-1826 ORIGINAL Page 3 of 4 Office in Houston, Texas, and his office have further advanced economic and educational1 cooperation between Taiwan and Louisiana; and2 WHEREAS, the year 2014 marks the twenty-ninth anniversary of the sister-state3 relationship between Taiwan and Louisiana, as well as the thirty-fourth anniversary of the4 sister-city relationship between the city of Taichung and the city of Baton Rouge.5 THEREFORE, BE IT RESOLVED that the Senate of the Legislature of Louisiana6 hereby commends the Republic of China, known as Taiwan, for positive development7 between Taiwan and Louisiana and the twenty-ninth anniversary of the sister-state8 relationship between Taiwan and Louisiana and the thirty-fourth anniversary of the9 sister-city relationship between the city of Taichung and the city of Baton Rouge.10 BE IT FURTHER RESOLVED that the Senate of the Legislature of Louisiana11 hereby encourages closer economic relationships between Taiwan and the United States12 through negotiation of a free trade agreement and bilateral investment agreement between13 Taiwan and the United States and through Taiwan's membership in the Trans-Pacific14 Partnership.15 BE IT FURTHER RESOLVED that the Senate of the Legislature of Louisiana16 hereby expresses support for Taiwan's meaningful participation in the International Civil17 Aviation Organization and United Nations Framework Convention on Climate Change, and18 for the East China Sea Peace Initiative and the Taiwan-Japan Fisheries Agreement, both of19 which contribute to regional peace and economic cooperation.20 BE IT FURTHER RESOLVED that the Senate of the Legislature of Louisiana21 hereby commends Steve Hsia, Director General of the Taipei Economic and Cultural Office22 in Houston, for his efforts and contributions for enhancing cooperation between Taiwan and23 Louisiana.24 BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to Steve25 Hsia, Director General of the Taipei Economic and Cultural Office in Houston, Texas.26 SR NO. 42 SLS 14RS-1826 ORIGINAL Page 4 of 4 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Mary Dozier O'Brien. DIGEST Crowe SR No. 42 Commends the Republic of China, known as Taiwan, for positive economic relations with Louisiana, urges for closer economic relations between Taiwan and the U.S., supports Taiwan's participation in certain international organizations, and welcomes Director General Steve Hsia and commends his efforts and contributions to advancing this mutually beneficial trading partnership.