Mr. HANNA. Mr. Speaker, as Taiwan prepares for its Presidential Inauguration Day on May 20, I'd like to congratulate President Ma and our friends in Taiwan for a smooth completion of their presidential election on January 14. Mr. Ma Ying-jeou won a second term as President of the Republic of China (Taiwan).
President George W. Bush once famously described Taiwan as ``a beacon of democracy to Asia and the world.'' His words were recognition of Taiwan's achievements in democratic development. We trust Mr. Ma and his people will continue to deepen and improve Taiwan's democracy and instill an even stronger commitment to democratic values among Taiwan's people.
The United States and Taiwan have enjoyed a strong security and economic partnership for over half a century. Our common interest in peace and security has guided U.S.-Taiwan relations and our commitment to Taiwan's security, as stated in the 1979 Taiwan Relations Act, has enabled Taiwan to build a strong democratic government and today serves as a beacon for others in the region and beyond. Similarly, Taiwan's economic partnership with us has benefited both sides, resulting in Taiwan being our tenth largest trading partner, with total bilateral trade amounting to over $68 billion.
During Mr. Ma's second term, I hope our relationship with Taiwan will continue to flourish, especially in areas like military cooperation, Taiwan's inclusion in the Visa Waiver Program, as well as our trade relationship.
Congratulations to Mr. Ma and the people of Taiwan.