Toomey Tries to Draw Attention to Taiwan FTA Push
Sen. Pat Toomey, R-Pa., who said last month he'd be asking for negotiations to begin with Taiwan for a free trade agreement (see 2011190060), is trying to draw attention to the argument. “American workers and manufacturers would have more customers,…
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American consumers would have access to more affordable goods, both economies would grow faster, and America would strengthen its relationship with a key regional ally and increase our economic engagement in the Indo-Pacific region” with an FTA with Taiwan, Toomey said in a press release on Dec. 23. Taiwan is the 11th largest trading partner for the U.S., and the bilateral trade supported about 208,000 jobs in the U.S., according to a Commerce Department estimate for 2015, the most recent available. The resolution has 25 Republican co-sponsors.