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U.S.-Taiwan Trade and Economic Relations (CRS Report for Congress)

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Release Date Revised Aug. 9, 2024
Report Number IF10256
Report Type In Focus
Authors Wayne M. Morrison
Source Agency Congressional Research Service
Older Revisions
  • Premium   Revised March 15, 2024 (3 pages, $24.95) add
  • Premium   Revised March 7, 2022 (3 pages, $24.95) add
  • Premium   Revised Dec. 23, 2020 (183 pages, $24.95) add
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  • Premium   Revised March 25, 2019 (2 pages, $24.95) add
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  • Premium   Revised Sept. 11, 2018 (2 pages, $24.95) add
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  • Premium   July 14, 2015 (2 pages, $24.95) add
Summary:

Taiwan is a top U.S. trade partner and a key link in global technology and manufacturing supply chains, supporting the United States, the People’s Republic of China (PRC or China), and other global markets. Taiwan’s economy is highly dependent on global trade; exports account for about 70% of gross domestic product (GDP). Taiwan’s policies are seeking to generate growth in emerging technologies and reduce its dependence on the PRC by diversifying trade and investment and on-shoring production. Central to these efforts are U.S. and Taiwan government actions to deepen commercial ties. Issues facing Congress include identifying and asserting its prerogatives over the U.S.-Taiwan 21st Century Trade Initiative negotiations and considering legislation that would prevent double taxation and boost two-way investment. Also see CRS In Focus IF10275, Taiwan: Background and U.S. Relations, and CRS In Focus IF12481, Taiwan: Defense and Military Issues.
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