U.S. president signs Taiwan trade bill

President Biden this week signed into law H.R. 4004

President Biden this week signed into law H.R. 4004

President Biden this week signed into law H.R. 4004—the United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act

summary explains that the legislation:

  • Expresses the approval of Congress for the June 1, 2023, agreement regarding trade between the United States and Taiwan
  • Imposes requirements on the negotiations of certain further trade agreements between the United States and Taiwan
  • Imposes requirements on the negotiation of further agreements under the United States-Taiwan Initiative on 21st-Century Trade

The June 1, 2023, agreement may enter into force no earlier than 30 days after the president certifies in writing to Congress that Taiwan has taken measures necessary to comply with the agreement.

In addition, a further agreement will not take effect unless (1) the president, at least 60 days before entering into the further agreement, makes the text publicly available on a USTR website; and (2) a bill is enacted into law expressly approving the further agreement.

Read text [PDF 118 KB] of the bill


For more information, contact a professional with KPMG’s Trade & Customs services:

Doug Zuvich
Partner and Global Practice Leader
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
E: labad@kpmg.com

Irina Vaysfeld
E: ivaysfeld@kpmg.com

Amie Ahanchian
E: aahanchian@kpmg.com

Christopher Young
E: christopheryoung@kpmg.com

Gisele Belotto
E: gbelotto@kpmg.com

George Zaharatos
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
E: adoornaert@kpmg.com

Jessica Libby
E: jlibby@kpmg.com
John Anderson
Managing Director
E: johneanderson@kpmg.com
Jenna Leigh Glass
Managing Director
E: jennaleighglass@kpmg.com

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