This bill mandates the Secretary of Defense to establish a strategic partnership between the U.S. Department of Defense and appropriate counterparts within Taiwan's Ministry of National Defense. The primary goal of this partnership is to coordinate defense industrial priorities and expand defense technology cooperation , ultimately aiming to deter regional adversaries. Key objectives include enhancing market opportunities for U.S. and Taiwan defense technology companies, bolstering Taiwan's defense industrial base, and harmonizing global security posture through emerging technologies. The partnership also seeks to counter the Chinese Communist Party's development of dual-use defense technologies and streamline emerging defense technology research and development. Furthermore, it aims to create pathways to market for defense technology startups and collaborate on specific dual-use capabilities such as drones, microchips, artificial intelligence, and missile technology.