Bill > SB209

This bill creates the Taiwan Regional Trade Office (TRTO) within the Oklahoma Department of Commerce to facilitate economic and business relationships between Oklahoma-based businesses and entities in Taiwan. The TRTO will promote Oklahoma businesses, provide trading opportunity information, establish business-to-business connections, and coordinate activities that support trade with Taiwan, while explicitly excluding engagement with authoritarian or totalitarian governments. The office will maintain a physical location in Taipei and will be responsible for organizing trade missions, conducting business owner training programs, producing promotional materials, and managing federal-level actions that promote business transactions. The bill requires the Department of Commerce to perform a cost-benefit analysis by January 1, 2029, to evaluate the office's economic impact, with a provision to cease operations if the estimated net direct state benefits do not meet expectations. The Department of Commerce is also authorized to develop necessary rules for implementing the office's functions, highlighting the bill's focus on creating a structured approach to expanding Oklahoma's economic engagement with Taiwan through a dedicated regional trade office.

Budget and Finance, Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb209&Session=2600