Measure Also Recognizes 40th anniversary of “Taiwan Relation Act”
Commemorating the 40th anniversary of the enactment of the “Taiwan Relations Act” and the 30th anniversary of the New Jersey-Taiwan sister state relationship, Assembly Democrats Robert Karabinchak and Gordon Johnson recently presented an Assembly resolution to Ambassador Lily L.W. Hsu, Director Min-Ling Yang and Deputy Consul Haowei Wei.
“New Jersey’s relationship with Taiwan has contributed greatly to the State’s and country’s diversity, thriving international culture, and economic development over the years,” said Karabinchak (D-Middlesex). “It was an honor to meet the members of the Taiwanese delegation. This resolution recognizes the importance of continuing strong relations between New Jersey and Taiwan.”
In 1979, the Taiwan Relations Act was passed by Congress to sustain a close, bilateral relationship as well as to advance mutual security and commercial interests between the United States and Taiwan. In 1989, New Jersey and Taiwan entered into a sister state relationship. Both Taiwan and New Jersey are committed to strengthening bilateral economic ties.
“The United States and Taiwan have shared a long-term and close economic relationship, with $62.1 billion in bilateral trade in 2018, making Taiwan the 11th largest trading partner of the United States,” said Johnson (D-Bergen). “We had the honor of commemorating the anniversary in the State House and presenting a ceremonial resolution on the Assembly Floor. New Jersey has benefitted tremendously from a close relationship with Taiwan and through its businesses that continue to make the New Jersey home.”
According to Census data, New Jersey imported roughly $1.6 billion of Taiwanese goods in 2018. Additionally, New Jersey is home to a growing number of Taiwanese companies, including Formosa Plastics Corporation, Eva Air, Evergreen Marine, Yang Ming Marine Transport, the Friendwell Group of companies, and AAEON Electronic Inc.
The Assembly resolution AR-223 was presented on Thursday, June 21 during an afternoon voting session.