Mrs. BLACKBURN. Mr. Speaker, I rise today in support of the passage of this reaffirmation of the Taiwan Relations Act and to the longstanding relationship between the United States and Taiwan. The Taiwan Relations Act, TRA, helped codify our pledge to the people of Taiwan and serves as a reminder that the continued support and strengthening of U.S.-Taiwan relations aids our mutual interests and shared values.
Over the last few decades, Taiwan has emerged as a global leader in innovative technology and the heart of Asia's IT and Knowledge Economy sectors. Through the implementation of sound free-market policies and promotion of democratic ideals, we have seen a small agrarian economy transform itself into a growing global leader in the technology sector. Taiwan is now the world's second largest producer of ICT goods, and companies like Acer and HTC are now household names.
Our mutually beneficial cooperation and exchange with Taiwan has helped dozens of American companies meet their ever-growing demand for equipment and expertise. The partnerships between American and Taiwanese innovators and job creators ensured a virtuous cycle of economic development in Taiwan and lower costs for American consumers.
The U.S. should welcome Taiwanese participation in efforts to advance regional economic integration, such as the Trans Pacific Partnership. Taiwan is one of the region's most dynamic economies and its entry into the TPP will substantially expand the market encompassed by the agreement. Additionally, Taiwan's recent experience transitioning from a developing, domestically focused economy to a globally integrated economy will be invaluable as TPP partners make difficult choices and reforms to comply with higher standards set by TPP.
As a longstanding friend of Taiwan, I am proud to voice my support for this resolution today. Few could have foreseen the political and economic progress that Taiwan has undergone since 1979. Our commitment to broadening and deepening our commercial and investment linkages with Taiwan will ensure that the spirit of the TRA endures and contributes to mutual prosperity on both sides of the Pacific.