Saturday, April 13, 2024
HomeBusinessEconomyNew Jersey passes Taiwan resolution supporting BTA with US

New Jersey passes Taiwan resolution supporting BTA with US

By Eric Chang

TAIPEI (Taiwan News) — The New Jersey General Assembly passed a Taiwan-friendly resolution on Monday, January 11, which calls for strengthening economic and trade relations between the US and Taiwan.

Resolution AR145 was passed by the general assembly — which is the lower house of the New Jersey legislature — with 75 votes in favor and zero votes against. It was sponsored by Assemblymen Robert Karabinchak, Gordon Johnson, and Nicholas Chiaravalloti.

According to the resolution, New Jersey exported approximately US$460 million worth of products to Taiwan in 2019, making the country the 5th largest export market in Asia for the state. Over 100 Taiwanese companies have invested in New Jersey, including Formosa Plastic Corp., EVA Air, and Evergreen Marine Corp, helping to create local employment opportunities.

The resolution stated that Taiwan has expressed its wish to sign a bilateral trade agreement (BTA) with the U.S. and that such a deal will ease the burden of companies conducting cross-border business, facilitate digital trade, IP protection, as well as reduce technical barriers to trade. It added that signing a BTA with Taiwan would also help New Jersey’s industries gain better market access to the East Asian nation.

The document went on to say that Washington has assisted Taiwan in participating in the World Health Organization (WHO), the International Civil Aviation Organization (ICAO), and the International Criminal Police Organization (INTERPOL), and will continue to support Taiwan’s participation in these and other international organizations.

Taiwan and New Jersey established a sister-state relationship in 1989. In 2019, Taiwan and New Jersey inked a reciprocal driver’s license agreement. Additionally, the Taiwanese government donated 300,000 masks to help the state battle the coronavirus last year.



Please enter your comment!
Please enter your name here


Caribbean News

Taiwan – US signs arrangement on technical cooperation in the Caribbean

By Caribbean News Global TAIWAN / USA / THE CARIBBEAN - Taiwan’s Representative to the United States ambassador Alexander Tah-Ray Yui and American Institute...

Global News

Afreximbank delivers exceptional financial results in 2023 … well ahead of expectations

CAIRO, Egypt – African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the bank and its subsidiaries for the year...