,,iii #aag? ,,congress #b;d ,session ,s4 ,,res4 #ffa ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #g1 #bjbb,mr4 ,m55dez 7= himself1 ,mr4 ,"y1 ,mr4 ,ka9e1 ,mr4 ,hag]ty1 & ,mr4 ,coons7 submitt$ ! foll[+ resolution2 :i* 0 ref]r$ to ! ,committee on ,=eign ,relations ,,resolution ,promot+ /rong] economic relations betwe5 ! ,unit$ ,/ates & c\ntries 9 ,lat9 ,am]ica & ! ,c>ibbean4 ,:]eas1 to ma9ta9 ! role ( ! ,unit$ ,/ates z a global economic lead] & protect ! national security int]e/s ( ! ,unit$ ,/ates1 ! ,unit$ ,/ates mu/ /r5g!n economic relations ) c\ntries 9 ! ,we/]n ,hemisph]e2 ,:]eas ongo+ supply *a9 disruptions result+ f ! ,,covid-#ai p&emic demon/rate ! ne$ = ! ,unit$ ,/ates to increase supply *a9 resili5cy ?r\gh re%or+ & ne>%or+ initiatives2 ,:]eas1 9 #bjai1 ! ,p's ,republic ( ,*9a 0 ! top suppli] ( goods import$ into ! ,unit$ ,/ates1 provid+ significant quantities ( r>e e>? m9]als1 ph>maceutical +r$i5ts1 m$ical equipm5t1 & o!r goods vital to ! economic prosp]ity & national security ( ! ,unit$ ,/ates2 ,:]eas ! ,,covid-#ai p&emic & production outages & %ipp+ disruptions 9 ! ,p's ,republic ( ,*9a h jeop>diz$ worldwide access to critical goods1 contribut+ to an unprec$5t$1 ongo+ supply *a9 crisis t has expos$ ! sev]e risks ( conc5trat+ global supply *a9s 9 ! ,p's ,republic ( ,*9a2 ,:]eas ,congress has rais$ conc]ns ab\t ! reliance ( ! ,unit$ ,/ates on global supply *a9s bas$ 9 ! ,p's ,republic ( ,*9a2 ,:]eas ! ,p's ,republic ( ,*9a has %[n its will+ness to use critical supplies z a political tool to advance ! goals ( ! ,*9ese ,communi/ ,p>ty1 includ+ :5 ! ,p's ,republic ( ,*9a-- 7#a7 ?reat5$ to )hold r>e e>? m9]al %ipm5ts to ,japan2 & 7#b7 utiliz$ p]sonal protective equipm5t & vacc9es z a diplomatic tool2 ,:]eas f9d+s made pursuant to a supply *a9 review requir$ by ,presid5t ,joseph ,r4 ,bid51 ,jr41 "u ,executive ,ord] #adjag 7#hf ,f$4 ,reg4 #aahdi7 & releas$ on ,june #h1 #bjba1 recomm5d$ t1 9 addition to exp&+ dome/ic production capacity1 ! ,unit$ ,/ates ,gov]nm5t use diplomatic & f9ancial tools to coop]ate ) allies to create m div]se1 resili5t1 & secure supply *a9s2 ,:]eas #h ( ! #ac c\ntries 9 ! _w t recognize ,taiwan are 9 ,lat9 ,am]ica & ! ,c>ibbean1 & ne>%or+ initiatives c help decrease ! susceptibility ( su* c\ntries to co]cive economic pressure f ! ,p's ,republic ( ,*9a2 ,:]eas ! ,unit$ ,/ates has free trade agreem5ts 9 effect ) #ab c\ntries 9 ,lat9 ,am]ica & ! ,c>ibbean1 m ?an 9 any o!r geographic region1 provid+ significant inc5tives to relocate int]national supply *a9s t _c be relocat$ to ! ,unit$ ,/ates to ,lat9 ,am]ica & ! ,c>ibbean2 ,:]eas1 9 addition to exi/+ free trade agreem5ts & ! geographic proximity ( c\ntries 9 ,lat9 ,am]ica & ! ,c>ibbean to ! ,unit$ ,/ates1 !re are sev]al significant advantages = ! ,unit$ ,/ates ,gov]nm5t & ,unit$ ,/ates entities to relocate supply *a9s f ! ,p's ,republic ( ,*9a to ! ,we/]n ,hemisph]e1 includ+-- 7#a7 r$uc$ di/ance to m>kets 9 ! ,unit$ ,/ates1 :i* w l[] freight co/s1 enable quick] adaptability to fluctuat+ consum] dem&1 & r$uce ! en]gy us$ to transport goods2 7#b7 long/&+ bilat]al ties & %>$ democratic values1 :i* less5 ! risk ( geopolitical disruptions to supply *a9s2 7#c7 comp>ative advantages = s\rc+ & manufactur+ key critical goods1 includ+ r>e e>? m9]als1 ph>maceuticals1 m$ical goods1 & semiconductors1 :5 !re is a hi/orical inability = su* goods to be entirely s\rc$ or manufactur$ 9 ! ,unit$ ,/ates2 & 7#d7 access to a highly qualifi$ & "y work+-age population2 ,:]eas ! report entitl$ ,wid5+ ! ,ap]ture3 ,ne>%or+ 9 ,our ,ne> ,abroad releas$ by ! ,wilson ,c5t] 9 ,april #bjba provid$ evid5ce t increas+ & /r5g!n+ supply *a9s regionally1 p>ticul>ly 9 ,colombia1 ,mexico1 & o!r c\ntries 9 ! ,c>ibbean & ,c5tral ,am]ica1 w1 on av]age1 create m jobs 9 ! ,unit$ ,/ates ?an int]national supply *a9s locat$ 9 o!r geographic regions2 ,:]eas swit*+ z few z #ae p]c5t ( imports into ! ,unit$ ,/ates f ! top #aj s\rce c\ntries ( su* imports outside ( ! ,we/]n ,hemisph]e to c\ntries 9 ,lat9 ,am]ica & ! ,c>ibbean w\ld increase exports f ,lat9 ,am]ica & ! ,c>ibbean by #gb1jjj1jjj1jjj annually1 help+ ! region recov] f ! effects ( ! ,,covid-#ai p&emic & r$uc+ pressures enc\rag+ migration to ! ,unit$ ,/ates2 ,:]eas1 despite exi/+ & gr[+ opportunities = c\ntries 9 ,lat9 ,am]ica & ! ,c>ibbean to become crucial actors 9 global supply *a9s1 includ+ te*nological advances t h dim9i%$ ! ne$ to produce 9 c\ntries ) a l[ co/ ( labor1 *all5ges to ne>%or+ rema91 includ+-- 7#a7 conc]ns ab\t ! rule ( law1 corruption1 & crim9al activities t disc\rage =eign direct inve/m5t or significantly raise ! co/s ( %ift+ production to ! region2 7#b7 conc]ns ab\t compliance ) & en=cem5t ( int]national labor & environm5tal /&>ds2 7#c7 und]develop$ physical & digital infra/ructure2 & 7#d7 regional economic fragm5tation2 ,:]eas ! gov]nm5ts ( sev]al c\ntries 9 ,lat9 ,am]ica & ! ,c>ibbean1 includ+ ,colombia1 ! ,dom9ican ,republic1 & ,mexico1 h s\ght to /r5g!n economic relations ) ! ,unit$ ,/ates & laun*$ initiatives to inc5tivize ne>%or+2 ,:]eas ! ,int]-,am]ican ,developm5t ,bank 7commonly kn[n z ,,idb7 has prioritiz$ ef=ts to enc\rage ne>%or+ 9 ,lat9 ,am]ica & ! ,c>ibbean1 includ+ by-- 7#a7 mak+ economic integration & ! /r5g!n+ ( regional supply *a9s #a ( #e core pill>s 9 ! ag5da outl9$ 9 ! docum5t entitl$ ,vision #bjbe1 ,re9ve/ 9 ! ,am]icas2 7#b7 includ+ ne>%or+ z a bus9ess l9e ( ,,idb ,inve/ = ! fir/ "t 9 ! hi/ory ( ,,idb2 7#c7 ho/+ a high-level dialogue ) m ?an #ejj private sector lead]s on ,decemb] #b1 #bjbj1 to assess h[ to increase production capacity & supply *a9 resili5ce 9 ! region2 & 7#d7 laun*+ ! l>ge/ private sector coalition 9 ! hi/ory ( ! ,,idb to explore opportunities = re9ve/+ 9 c\ntries 9 ! ,we/]n ,hemisph]e1 includ+ ?r\gh ne>%or+ initiatives & a toolkit to inc5tivize & f9ance ne>%or+ activities 9 ! ,we/]n ,hemisph]e2 & ,:]eas ! ,unit$ ,/ates ,gov]nm5t c lev]age diplomatic1 =eign assi/ance1 & f9anc+ tools to /r5g!n ! p>ticipation ( ,lat9 ,am]ican & ! ,c>ibbean 9 global supply *a9s & address *all5ges to ne>%or+1 includ+ ?r\gh ! activities ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t & ! ,unit$ ,/ates ,int]national ,developm5t ,f9ance ,corporation3 ,n[1 !re=e1 be x ,t ! ,s5ate-- 7#a7 recognizes t increas$ t5sions betwe5 ! ,unit$ ,/ates & ! ,p's ,republic ( ,*9a & ! ,,covid-#ai p&emic h-- 7,a7 expos$ sev]e vuln]abilities attributable to ov]reliance by ! ,unit$ ,/ates & o!r c\ntries on supply *a9s bas$ solely or ma9ly 9 ! ,p's ,republic ( ,*9a2 & 7,b7 height5$ ! importance ( ! ,unit$ ,/ates div]sify+ its supply *a9s ?r\gh re%or+ & ne>%or+ initiatives to increase resili5cy aga9/ future disruptions2 7#b7 emphasizes t re%or+ ef=ts ( suffici5t scale to increase dome/ic production capacity & relocate supply *a9s to ! ,unit$ ,/ates rema9 critical & %\ld be enc\rag$ & implem5t$2 7#c7 emphasizes t-- 7,a7 ne>%or+ ef=ts %\ld be pursu$ 9 a complem5t>y fa%ion to bett] a*ieve m resili5t1 div]se1 & secure supply *a9s1 p>ticul>ly = goods unlikely to be manufactur$ 9 ! ,unit$ ,/ates2 7,b7 ne>%or+ 9 ,lat9 ,am]ica & ! ,c>ibbean1 relative to rely+ on supply *a9s 9 o!r geographic regions1 has ! greate/ pot5tial to contribute to ! economic prosp]ity & security ( ! ,unit$ ,/ates :ile also advanc+ ! po/-p&emic economic recov]y ( c\ntries 9 ! ,we/]n ,hemisph]e2 7,c7 ne>%or+ 9 ,lat9 ,am]ica & ! ,c>ibbean provides great] opportunities = exp&+ co-production op]ations & o!r coop]ative bus9ess v5tures ) ,unit$ ,/ates entities2 & 7,d7 ne>%or+ 9 ,lat9 ,am]ica & ! ,c>ibbean c complem5t & enhance ef=ts by ! ,unit$ ,/ates to support democratic consolidation across ! region by /r5g!n+ ! rule ( law1 enc\rag+ competitiv5ess1 & rais+ /&>ds on corruption1 labor1 & environm5tal issues2 7#d7 supports initiatives by ! ,int]-,am]ican ,developm5t ,bank1 gov]nm5ts 9 ,lat9 ,am]ica & ! ,c>ibbean1 & ! private sector to f9ance1 inc5tivize1 or o!rwise promote ne>%or+ 9 ,lat9 ,am]ica & ! ,c>ibbean2 7#e7 enc\rages ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t & ! ,unit$ ,/ates ,int]national ,developm5t ,f9ance ,corporation to /r5g!n programmatic support = initiatives likely to facilitate ! relocation ( global supply *a9s to ! ,we/]n ,hemisph]e1 includ+ ?r\gh increas$ collaboration ) ea* o!r1 ! private sector1 ! ,int]-,am]ican ,developm5t ,bank1 & c\ntries 9 ,lat9 ,am]ica & ! ,c>ibbean2 7#f7 calls = gov]nm5ts 9 ,lat9 ,am]ica & ! ,c>ibbean to increase opportunities = ne>%or+ 9 ! region by-- 7,a7 mod]niz+ & consolidat+ physical & digital infra/ructure2 7,b7 combat+ corruption1 /r5g!n+ ! rule ( law1 enhanc+ labor & environm5tal /&>ds1 & improv+ democratic gov]nance2 & 7,c7 pursu+ o!r ef=ts to facilitate ! ease ( do+ bus9ess 9 & attract =eign direct inve/m5t to ! region1 includ+ by lev]ag+ /rong relation%ips ) ,taiwan2 & 7#g7 urges ! ,secret>y ( ,/ate1 9 coord9ation ) ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t1 ! ,unit$ ,/ates ,int]national ,developm5t ,f9ance ,corporation1 & ! heads ( all o!r relevant ,f$]al ag5cies & dep>tm5ts1 to take a lead+ role 9 advanc+ ne>%or+ 9 ,lat9 ,am]ica & ! ,c>ibbean1 includ+ by-- 7,a7 /r5g!n+ support = ! activities describ$ 9 p>agraph 7#f72 7,b7 engag+ ) gov]nm5ts 9 ! ,we/]n ,hemisph]e to explore opportunities to l[] trade b>ri]s1 /reaml9e cu/oms & o!r regulations1 support capacity build+ programs to /r5g!n environm5tal & labor /&>ds1 e/abli% inc5tives = mutually b5eficial co-production arrangem5ts1 & facilitate economic integration ( ! region2 7,c7 /r5g!n+ legal regimes & monitor+ & en=cem5t measures relat+ to labor /&>ds to ensure t-- 7i7 any enhanc$ s\rc+ relation%ip ) a c\ntry does n support or beget labor abuse or o!r human rights abuses1 su* z ^? f\nd 9 ! ,p's ,republic ( ,*9a2 & 7ii7 any new inve/m5t "u a ne>%or+ program has suffici5t labor /&>ds & b5efits ! work]s 9 su* c\ntry2 7,d7 ensur+ t ne>%or+ activities are consi/5t ) ef=ts to improve supply *a9 en]gy effici5cy1 r$uce ! en]gy us$ to transport goods1 & advance environm5tal su/a9ability2 & 7,e7 work+ 9 p>tn]%ip ) multilat]al developm5t banks & private inve/ors to create inc5tives = entities to relocate supply *a9s f ! ,p's ,republic ( ,*9a to ! ,we/]n ,hemisph]e1 includ+ by f9anc+ ! developm5t ( regional te*nology hubs ) /rong labor & environm5tal regulations4