Louisiana House Bill HR239

Louisiana 2017 Regular Session

• Introduced: 6/8/17
• Passed: 6/8/17

Caption

Encourages closer economic relationship between the U.S. and the Republic of China (Taiwan) and the negotiation of a free trade agreement between the two countries

Impact

The resolution is intended to enhance mutual trade and investment opportunities, especially in light of significant planned investments, such as the $11 billion project by Formosa Petrochemical Corp in Louisiana, which aims to create over 9,000 jobs. The proposal for mutual recognition of noncommercial driver's licenses between Louisiana and Taiwan is also included, aiming to facilitate smoother exchanges and promote a business-friendly environment. The impact on state laws may be indirect as the resolution does not impose legal requirements but encourages policies conducive to strengthening ties with Taiwan.

Summary

House Resolution 239 encourages the strengthening of economic relationships between the United States and the Republic of China (Taiwan), while advocating for the negotiation of a free trade agreement between the two nations. This resolution highlights the longstanding ties between the U.S. and Taiwan, noting that bilateral trade amounted to $65.3 billion in 2016. The resolution emphasizes that Taiwan is not only a vital trading partner but also an important ally in promoting democracy and cooperation in various global sectors including public health and technology.

Sentiment

The overall sentiment surrounding HR239 appears to be positive, particularly from those who view enhanced relations with Taiwan as beneficial for both economic growth and cultural exchange. Legislators promoting the resolution highlighted Taiwan's status as a burgeoning economic hub and a model of democracy in the Chinese-speaking world. However, some dissenting views may emerge from skepticism regarding the effectiveness of free trade agreements and their impact on local industries and employment.

Contention

While HR239 promotes a positive view of U.S.-Taiwan relations, potential points of contention could arise as detailed discussions about implementing trade agreements often involve differing opinions on economic impacts, particularly in sectors sensitive to foreign competition. Additionally, concerns regarding political implications and the geopolitical situation surrounding Taiwan may also foster debate. As such, while the resolution serves as a diplomatic gesture, its actual effect on trade policies will depend on subsequent negotiations and legislative actions.