HM 1357 Summary

• Urges the U.S. Department of State to invite Taiwan to participate in negotiations for the Indo-Pacific Economic Framework (IPEF), a multilateral regional trade agreement announced by the White House in spring 2022 designed to counter China's economic influence in Asia-Pacific.

• Highlights Taiwan's economic strength with a $660 billion GDP that exceeds seven of the fourteen current IPEF members and $105.9 billion in annual trade with the United States as of 2020.

• Notes Taiwan's dominance in global semiconductor manufacturing with one firm controlling over 50 percent of the global market, which supplies critical components for U.S. defense technology and infrastructure.

• Argues that including Taiwan would signal the importance and vitality of the U.S.-Taiwan relationship to China and could deter Chinese aggression against Taiwan.

• Directs the Secretary of State to distribute copies of the memorial to the President, Secretary of State, Senate President, House Speaker, and all members of the Florida congressional delegation.