Michigan House Bill HR0059

Michigan 2023-2024 Regular Session

• Introduced: 3/21/23
• Refer: 3/21/23
• Report Pass: 5/10/23
• Passed: 5/16/23

Caption

A resolution to urge the United States government and Michiganders to strengthen ties with Taiwan.

Impact

The resolution emphasizes the importance of Taiwan as a key partner for the U.S. agricultural sector. In 2021 alone, Taiwan imported $3.9 billion worth of agricultural products from the U.S., making it a vital market for U.S. farmers, particularly for soybeans and corn. Additionally, this bill endorses the idea of increasing economic engagement between Michigan businesses and Taiwan, underlining the mutual benefits derived from this relationship.

Summary

House Resolution 59 expresses an urging sentiment for the United States government and the people of Michigan to strengthen ties with Taiwan. This resolution is built on the premise of shared democratic values and robust bilateral trade between the U.S. and Taiwan, which are described as foundational for mutual prosperity. The bill highlights significant trade numbers, noting that in 2021, the U.S. was Taiwan's second-largest trading partner with $113.9 billion in two-way goods and $19.8 billion in services, indicating a profound economic relationship.

Contention

A notable aspect of the resolution is its calls for the U.S. to negotiate a bilateral trade agreement and a double taxation avoidance agreement with Taiwan. The resolution also supports the inclusion of Taiwan in the Indo-Pacific Economic Framework for Prosperity, a strategic initiative aimed at enhancing economic cooperation in the region. While the resolution is largely supported for its pro-Trump sentiments on trade, some may contend that it may provoke geopolitical tensions with China, which considers Taiwan a part of its territory.