The biggest-ever delegation from Taiwan is set to attend the fourth edition of SelectUSA Investment Summit June 18-20 in Washington, ensuring the country enjoys full access to the array of U.S. economic opportunities on offer at the event.
Comprising 140 representatives from 84 Taiwan businesses, including a group of Taiwan business leaders, officials and scholars organized by the Ministry of Economic Affairs, the delegation will gain firsthand experience of the U.S. business environment while cultivating connections between the two countries’ large companies, small and medium enterprises, and startups.
Led by Ho Mei-yueh, a national policy advisor to President Tsai Ing-wen and former MOEA minister, the delegation includes such industry heavyweights as New Taipei City-headquartered Acer Inc., Taipei City-based AsusTek Computer Inc., Kaohsiung City-headquartered China Steel Corp. and CPC Corp., Taiwan.
According to the MOEA, the delegation is expected to promote in-depth exchanges and dialogue between Taiwan firms and interested parties in the U.S. to spotlight the complementary and mutually beneficial partnership of the bilateral trade. It will also conduct fact-finding investment opportunity tours in San Francisco and Houston, as well as hold discussions with think tanks on exploring market opportunities stemming from new U.S. government policies.
The government is committed to expanding economic ties with the U.S. across a broad spectrum of areas like aviation, information and communication technology, machinery, petrochemicals and steel, the ministry said, adding that it is Taiwan’s leading source of technical know-how and a central plank in the global strategies of local firms.
American Institute in Taiwan Director Kin Moy said June 13 that Taiwan’s delegation is highly welcomed and demonstrates the depth of ties and broad range of Taiwan industries interested in either establishing or expanding their businesses in the U.S.
In the latest report produced by the Cabinet-level Office of Trade Negotiations, it was found that Taiwan and the U.S. enjoy strong and mutually beneficial economic and trade relations, with high levels of supply chain integration boosting the competitiveness of key industries on both sides. Goods and services trade between Taiwan and the U.S. totaled an estimated US$84.9 billion in 2016, with Taiwan the U.S.’s 10th largest goods trading partner and seventh largest agricultural export market.
Launched in 2013 by the U.S. Department of Commerce, SelectUSA Investment Summit is the highest-profile event dedicated to promoting foreign direct investment in the U.S. (SFC-E)
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