Free Trade with Taiwan Is Long Overdue – John J. Tkacik, Jr. and Daniella Markheim
From Heritage Foundation website:
Although Congress has allowed trade promotion authority (TPA) to expire, this paradoxically presents Congress with an opportunity to consider a country-specific initiative that both the majority and minority should find attractive”a free trade agreement (FTA) with Taiwan. Among other things, a U.S.‚ÄìTaiwan FTA would increase U.S. auto, rice, poultry, and livestock exports and open a significant new market for new research medicines.
At the same time, a U.S.‚ÄìTaiwan FTA would signal Congress’s displeasure with Beijing’s trade misbehav¬≠ior and demonstrate U.S. resolve in shoring up the eroding geopolitical position of a major American ally in East Asia. [Full Text]
John J. Tkacik, Jr., is Senior Research Fellow in the Asian Studies Center and Daniella Markheim is Jay Van Andel Senior Trade Policy Analyst in the Center for International Trade and Economics at The Heritage Foundation.