U.S. Congress shows strong support for necessary legislation. The idea of creating a mechanism to resolve double-taxation issues between the United States and Taiwan was first broached more than 15 years ago. The Taiwan authorities had long supported such a proposal as a sign of closer relations with Washington, but only in the past two…
Debate continues over the merits of creating a government-run investment fund for Taiwan. Taiwan’s foreign exchange reserves came to US$564.8 billion as of the end of June, reportedly the world’s sixth-largest forex holdings after China, Japan, Switzerland, India, and Russia. In 2020, when those reserves totaled a “mere” US$480 billion, AmCham’s Taiwan White Paper encouraged…
The agreement concluded by the U.S. and Taiwan is due to bring both economic and strategic benefits. Finalized in May and signed in June, the first agreement under the 21st-Century Initiative on U.S.-Taiwan Trade has now been passed by the U.S. Congress and reviewed by Taiwan’s Legislative Yuan. The relevant government agencies on both sides…
BY MAX HAHN The legislation is the latest in efforts by the U.S. Congress to demonstrate increased support for Taiwan. On December 29 last year, U.S. President Joe Biden signed into law the Taiwan Enhanced Resilience Act (TERA) as part of the 2023 National Defense Authorization Act (NDAA). TERA had received broad bipartisan support in…
Keeping USTR informed regarding AmCham committee positions. One of AmCham Taiwan’s major roles is to help communicate Chamber members’ views – through their respective industry committees – to the relevant authorities in both the Taiwan and U.S. governments. That responsibility is carried out not only by means of the annual Taiwan White Paper, but also…
AmCham Taiwan committees are currently starting to consider their proposals for inclusion in the 2023 Taiwan White Paper to be released in June. With a few months to go in the current advocacy cycle, a few committees have already reported successful resolution of issues from the 2022 volume: Agro-Chemicals The Taiwan Food and Drug Administration…
In recent years, Taiwan has steadily climbed up the ladder of major trading partners of the United States. Between 2018 and 2021, the value of two-way trade in goods rose by 50% from US$76 billion to US$114 billion, according to U.S. government data. That growth enabled Taiwan to move up one notch each year in…
A survey among AmCham Taiwan members following recent heightened tensions in the Taiwan Strait found that headquarters concerns, supply chain risks, labeling disputes, and sluggish COVID-19-related policies were major factors decreasing confidence in the Taiwan market. In the wake of U.S. House Speaker Nancy Pelosi’s visit to Taipei on August 2-3 and the Chinese military…
AmCham Taiwan’s Washington contacts see expanded opportunities for raising bilateral commercial cooperation to a new level. Taiwan and the U.S. are in the process of forging a much closer level of economic collaboration than ever before. That was the main takeaway from a series of 13 online conversations that AmCham Taiwan conducted with key contacts…
TrendForce research indicates that the revenue of Taiwanese IC design companies grew significantly in 2021, with many firms hitting record highs due to their active procurement of various terminal applications and the effects of inflation. These companies also performed well in terms of gross profit margin and profitability. The top 10 Taiwanese IC design companies…
