[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. Con. Res. 30 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
S. CON. RES. 30

 Expressing the sense of Congress that the Republic of China on Taiwan 
should be admitted to multilateral economic institutions, including the 
      International Monetary Fund and the International Bank for 
                    Reconstruction and Development.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 23, 1997

   Mr. Helms (for himself and Mr. Lieberman) submitted the following 
 concurrent resolution; which was referred to the Committee on Foreign 
                               Relations

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
 Expressing the sense of Congress that the Republic of China on Taiwan 
should be admitted to multilateral economic institutions, including the 
      International Monetary Fund and the International Bank for 
                    Reconstruction and Development.

Whereas the Republic of China on Taiwan (hereafter referred to as ``Taiwan'') 
        possesses a free economy with the 19th largest gross domestic product in 
        the world;
Whereas Taiwan has the 14th largest trading economy in the world and the 7th 
        largest amount of foreign investment in the world and holds one of the 
        largest amounts of foreign exchange reserves in the world;
Whereas Taiwan is a democracy committed to the economic and political norms of 
        the international community;
Whereas the purpose of the International Monetary Fund (hereafter referred to as 
        ``IMF'') is to promote exchange stability, to establish a multilateral 
        system of payments, to facilitate the expansion of world trade, and to 
        provide capital to assist developing nations;
Whereas the membership of Taiwan in the IMF would benefit the world economy, 
        especially those developing countries in need of capital, and would 
        contribute to the purposes of the IMF;
Whereas the IMF aims to further economic liberalization and globalization and 
        conducts conferences, exchanges, and training programs in international 
        monetary management which would be beneficial to Taiwan;
Whereas the IMF aims to further worldwide economic relationships and is not a 
        political entity, as evidenced by the fact that Taiwan remained a member 
        of the IMF from 1972 until 1980 after it had been forced to give up its 
        membership in the United Nations; and
Whereas membership in the IMF is a prerequisite for accession to the 
        International Bank for Reconstruction and Development and to regional 
        banks in which the membership of Taiwan would be beneficial and fully 
        justified: Now, therefore, be it
    Resolved by the Senate (the House of Representatives concurring), 
That it is the sense of the Senate (the House of Representatives 
concurring) that it should be United States policy to support--
            (1) the admission of the Republic of China on Taiwan 
        (hereafter referred to as ``Taiwan'') to membership in the 
        International Monetary Fund;
            (2) the admission of Taiwan to membership in the 
        International Bank for Reconstruction and Development; and
            (3) the admission of Taiwan to membership in all 
        appropriate regional multilateral economic institutions.
                                 <all>