West Virginia House Bill HR12

West Virginia 2022 Regular Session

• Introduced: 2/8/22
• Refer: 2/8/22
• Report Pass: 2/21/22
• Enrolled: 2/23/22
• Passed: 2/23/22

Caption

Supporting the signing of a Bilateral Trade Agreement (BTA) between the United States and the Republic of China (Taiwan)

Impact

The approval of HR12 is aimed at enhancing West Virginia's economic ties with Taiwan, which is recognized as a significant trading partner. The trade volume between West Virginia and Taiwan in 2020 was nearly $90 million, and the resolution encourages the reopening of a trade office in Taiwan to facilitate further investments. HR12 seeks to bolster the state's export capabilities to Taiwan, aligning with West Virginia's goals to expand its market presence in Asia and leverage its sisterhood partnership established in 1980.

Summary

House Resolution 12 (HR12) expresses support for the signing of a Bilateral Trade Agreement (BTA) between the United States and Taiwan. This resolution reinforces the longstanding partnership between the State of West Virginia and Taiwan, celebrating over 40 years of cooperation marked by trade, investment, and cultural exchanges. The resolution acknowledges Taiwan's status as a beacon of democracy in East Asia, emphasizing shared values of freedom and human rights. The resolution aims to promote stronger economic relations and further collaboration in various sectors, particularly education.

Sentiment

The sentiment surrounding HR12 is largely positive, reflecting strong bipartisan support within the West Virginia legislature. Legislators commend Taiwan's democracy and advocate for its participation in international organizations. This resolution represents a commitment to strengthening ties with Taiwan, perceived as beneficial for both economic expansion and the promotion of democratic ideals globally. Lawmakers view the BTA as a pathway to enhance collaboration at multiple levels.

Contention

Despite the positive reception, discussions around HR12 may uncover concerns from stakeholders wary of the implications of stronger trade ties with Taiwan, particularly regarding geopolitical tensions in the region. Additionally, the complexities of international agreements and the potential for increased market competition may be points of contention, requiring careful consideration of the impacts on local industries and the economy. Nonetheless, the resolution reflects West Virginia's assertive stance towards fostering international relationships.