Strengthening bilateral trade relations with Taiwan also strengthens our shared determination to preserve democracy at home and abroad.  As we see growing aggression by certain countries towards democratic values and troubling erosions of the rule of law, it’s critical that American trade policy reflect our global commitment to promoting democracy and peace.

The Biden Administration has reflected this commitment by prioritizing America’s economic and trade relationship with Taiwan – a priority undoubtedly shared by Congress.

The Taiwan Implementation Act demonstrates Congress’ strong support for strengthening our bilateral trade relationship with Taiwan and our commitment to ensuring trade agreements are durable.

The U.S. Constitution gives Congress exclusive authority to regulate foreign commerce.  This legislation approves what the Administration has negotiated with Taiwan and sets forth strong consultation and transparency requirements that ensure future trade agreements with Taiwan carry the will of the American people behind them.

Trade impacts every part of people’s lives: from the food we eat, to the clothes we buy, to the cars we drive. As leaders on trade policy, it is critical that the Ways and Means Committee act to support this first trade agreement with Taiwan and ensure that future trade agreements are subject to an approval process.

This Committee is an important gatekeeper of our trade priorities, and the American people expect us to lead on these matters. The Taiwan Implementation Act affirms our authority to do just that, while underscoring our shared commitment to furthering the deep economic and people-to-people ties America enjoys with Taiwan. Thank you and I yield back.

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