The bill establishes the Taiwan Regional Trade Office as an administrative component of the Oklahoma Department of Commerce, aimed at facilitating economic relationships between Oklahoma-based businesses and entities in the Taiwan region. The Office is tasked with promoting business-to-business trading activities, providing information on trading opportunities, and coordinating outreach efforts specific to Taiwan. It will also manage federal actions that promote transactions between Taiwan-based entities and the United States, conduct training programs for Oklahoma business owners, and produce promotional materials to support its mission.

Additionally, the bill mandates that the Taiwan Regional Trade Office maintain a physical presence in Taipei, Taiwan, and requires the Oklahoma Department of Commerce to conduct a cost/benefit analysis by January 1, 2029, to assess the Office's effectiveness. If the analysis indicates that the Office has not met the estimated net direct state benefits, the Department is directed to cease its operations. The Department is also authorized to promulgate any necessary rules to implement the provisions of this new law.