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Benefits of the US-Taiwan FTA » State by State
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Nevada  
In 2006, Taiwan was Nevada・s 20th largest export market, with exports to Taiwan totaling $32 million, posting a 31.25% growth. Leading exports include computer and electronic products, fabricated metal products, machinery, wood products, and minerals and ores. Still, with Nevada・s exports accounting for a relatively small share of the total U.S. $23 billion exports to Taiwan, there remain substantial opportunities for growth in Nevada-Taiwan trade. Statistics show that Nevada・s exports of fabricated metal products, wood products and minerals and ores have been increasing. Accordingly, in the hope of strengthening economic ties between the U.S. and Taiwan, including business opportunities for Nevada, Taiwan has been pushing for the signing of a U.S.-Taiwan Free Trade Agreement.
Gambling and tourism are Nevada・s main industries, and the gambling tax continues to be a principal source of revenue for the state. In terms of manufacturing in Nevada, most are small-scale operations, with the state government assisting them to develop international markets. In 2006, Nevada exported $5.49 billion in goods. Leading exports included primary metal manufacturing, miscellaneous manufactured commodities, computer and electronic products, minerals and ores, and machinery.
If the U.S.-Taiwan Free Trade Agreement is signed, tariff reductions, the removal of non-tariff barriers to trade and greater trade facilitation shall help Nevada export more products to Taiwan and stimulate the development of Nevada・s industries. The U.S.-Taiwan Free Trade Agreement would also present opportunities for exporting more goods to Taiwan for Nevada・s small sized manufactures of fabric, machinery, metal, woods and electric products. Studies have shown that the economic advantages from an FTA with Taiwan may far exceed those from most FTAs that the U.S. has already signed. This is especially true for Nevada.
Recognizing the benefits for the State of Nevada made possible by the U.S.-Taiwan Free Trade Agreement, the State Senate and House of Representatives of Nevada has already passed a resolution supporting the U.S.-Taiwan Free Trade Agreement in 2003. As of April 2007, the U.S.-Taiwan Free Trade Agreement proposal has been endorsed by a total of 64 legislatures of 38 states, the Council of State Governments and the National Association of Secretaries of State. We hope that the administration, Senate and House of Representatives of the State of Nevada will further convey their strong support for the U.S.-Taiwan Free Trade Agreement to the Bush Administration.
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