The 2024 U.S. Business Day took place Oct. 1 in Taipei City, showcasing Taiwan’s products to U.S. buyers and helping local firms expand their presence in North America, according to the Ministry of Economic Affairs.
Held in cooperation with Taiwan External Trade Development Council, American Institute in Taiwan and American State Offices Association, the event involved officials and business representatives from both sides, including visiting state administrators from Arizona, Montana, Oklahoma and South Carolina.
During his opening remarks, Deputy Economic Minister Ho Chin-tsang said the U.S. is a key trade partner of Taiwan and the two countries share complementary industrial advantages and interests. He expressed hope that bilateral cooperation and exchanges continue to deepen while helping small and medium enterprises from both sides discover new business opportunities through platforms such as the U.S.-Taiwan Initiative on 21st Century Trade.
In a statement released the following day, AIT said recent commercial ties between Taiwan and the U.S. have elevated the partnership to new heights, especially in trade and investment. Such connections will further augment the two-way economic relationship to bring greater prosperity to the people, it added.
The event involved U.S. buyers in sectors spanning auto components and parts, energy storage systems, die casting and 5G telecom infrastructure. A total of 17 U.S. state governments also set up booths for Taiwan companies interested in investing in their regions.
Another highlight was the conclusion of a memorandum of understanding between the MOEA and South Carolina on exploring reciprocal market opportunities and expanding trade, industry and investment cooperation. The pact was signed by Cynthia Kiang, director general of the ministry’s International Trade Administration, and SC Secretary of Commerce Harry Lightsey III, according to the MOEA. (SFC-E)
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