HR 2 Summary

• Reaffirms Minnesota's commitment to strengthening sister-state ties with Taiwan, established in 1984, based on shared values of freedom, democracy, human rights, and the rule of law.

• Recognizes Taiwan as the eighth-largest U.S. trading partner with bilateral trade exceeding $856 billion in 2021 and Minnesota's fifth-largest export market in Asia with $526 million in exports.

• Supports Minnesota businesses referring to Taiwan as Taiwan under the 1979 Taiwan Relations Act, which applies U.S. laws related to foreign entities to Taiwan.

• Endorses Taiwan's pursuit of a bilateral trade agreement (BTA), avoidance of double taxation agreement (ADTA), and participation in the Indo-Pacific Economic Framework for Prosperity (IPEF) with the United States.

• Supports Taiwan's meaningful participation in international organizations affecting health, safety, and well-being, and backs Taiwan's contributions to international societies.