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The Taiwan Relations Act (TRA; Pub. L. 96–8, H.R. 2479, 93 Stat. 14, enacted April 10, 1979) is an act of the United States Congress.Since the formal recognition of the People's Republic of China, the Act has defined the officially substantial but non-diplomatic relations between the United States of America and Taiwan (Republic of China).
Taiwanese exports to India in 2008 grew at a rate of 28.41% to reach US$3 billion. In 2008, India recorded a trade deficit of US$669 million with Taiwan, as against a trade surplus of US$159 million in year 2007 [63] Major Indian exports to Taiwan include waste oil, naptha, cereals, cotton, organic chemicals, copper, aluminum and food residues.
Shortly after the United States recognized the People's Republic of China, the U.S. Congress passed the Taiwan Relations Act. Some of the treaty's content survives in the Act; for example, the definition of "Taiwan". However, it falls short of promising Taiwan direct military assistance in case of an invasion. [5]
A $8 billion defense package approved by the U.S. House of Representatives over the weekend will “strengthen the deterrence against authoritarianism in the West Pacific ally chain,” Taiwan’s ...
The United States has announced $345 million in military aid for Taiwan, in what is the Biden administration's first major package drawing on America's own stockpiles to help Taiwan counter China.
Taxation in India at full domestic tax rate will take place from financial year 2019–20 onwards. The revised double taxation avoidance agreement between India and Cyprus signed on 18 November 2016, provides for source based taxation of capital gains arising from alienation of shares, instead of residence based taxation provided under the ...
The U.S. does maintain some military personnel in Taiwan for training purposes, and Taiwan sends its F-16 pilots to be trained at Luke Air Force Base in Arizona.
The United States and Taiwan continued to work together to enhance economic cooperation through bilateral Trade and Investment Framework Agreement (TIFA) process. The TIFA, which was established in 1994, is an important mechanism for both parties to resolve bilateral trade issues and to address the concerns of the U.S. business community.