“Including Taiwan in the IPEF would be an invaluable signal of our rock-solid commitment to Taiwan and its prosperity and freedom.”
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) joined U.S. Senators Bob Menendez (D-New Jersey), Jim Risch (R-Idaho) and 49 of their Senate colleagues in sending a letter to President Joe Biden to urge the Administration’s inclusion of Taiwan as a partner in the proposed Indo-Pacific Economic Framework (IPEF). In addition to recognizing Taiwan’s importance to the United States as a trading partner, the Senators underscored that failing to include Taiwan in IPEF runs counter to U.S. economic interests in the region.
“IPEF can be a meaningful first step for the United States to assure its allies and partners that we are economically engaged in the region, which accounts for sixty percent of the world economy and two-thirds of all economic growth over the last five years. For IPEF to be a useful vehicle to advance a free and open Indo-Pacific, however, we must make sure that all of America’s regional allies and partners are included,” the senators wrote. “This is just one necessary aspect to ensuring the framework is competitive in a region already saturated with economic treaties and agendas.”
In addition to requesting that the Biden Administration engage with the Committee on the issue and provide a briefing on economic security policy toward Taiwan, the Senators also underscored that excluding Taiwan would significantly distort both regional and global economic architecture.
“The more economic engagement U.S. and allies and partners have with Taiwan, the stronger our collective resilience against coercion,” the senators added. “Russia’s invasion of Ukraine shows the value of tangible economic support by the United States and like-minded allies and partners, and the same is true for Taiwan. Including Taiwan in the IPEF would be an invaluable signal of our rock-solid commitment to Taiwan and its prosperity and freedom.”
Read the full letter HERE.