BY JAMES HILL AND ALEX MYSLINSKI Exports up; Salaries Down Taiwan’s exports recorded their third-highest annual level in 2023, totaling US$432.4 billion, compared with US$479.4 billion in 2022 and US$446.4 billion in 2021. The boost was partly attributed to sales of AI applications, servers, and cloud computing equipment, which together rose 28.9% from 2022 to…
BY JAMES HILL AND ALEX MYSLINSKI Representative to U.S. Meets With House Speaker Taiwan’s representative to the United States Alexander Yui met with U.S. House Speaker Mike Johnson on January 9 in Washington, D.C. It was Yui’s first such meeting since assuming his position on December 11. Following closed-door discussions, Johnson told reporters that the…
BY DAVID CHIH AND KATELYN SHELBY A selection of these news stories are also covered in AmCham Taiwan’s Executive Sweet podcast, available on Apple Podcasts, Spotify and online, here. 2023 Growth Forecast Lowered to 1.42% Taiwan’s consumer price index (CPI) rose 2.36% in the first nine months of 2023, exceeding the 2% alert set by the Central Bank. In…
BY DAVID CHIH AND KATELYN SHELBY A selection of these news stories are also covered in AmCham Taiwan’s Executive Sweet podcast, available on Apple Podcasts, Spotify and online, here. Taiwan and UK Establish Trade Framework On November 8, Taiwan’s Office of Trade Negotiations (OTN) announced the signing of an Enhanced Trade Partnership (ETP) arrangement between Taiwan and the United…
BY DAVID CHIH AND KATELYN SHELBY A selection of these news stories are also covered in AmCham Taiwan’s Executive Sweet podcast, available on Apple Podcasts, Spotify and online, here. Exports Continue Downward Trend The International Monetary Fund has revised its forecast of Taiwan’s economic growth rate this year to 0.8%, down from the previous 2.1%. The Directorate General of…
BY DAVID CHIH AND KATELYN SHELBY A selection of these news stories are also covered in AmCham Taiwan’s Executive Sweet podcast, available on Apple Podcasts, Spotify and online, here. U.S. Lawmakers Introduce Taiwan Bills On October 19, four American congressmen – two Senators and two members of the House of Representatives – formally introduced legislation to address the issue…
BY DAVID CHIH AND KATELYN SHELBY A selection of these news stories are also covered in AmCham Taiwan’s Executive Sweet podcast, available on Apple Podcasts, Spotify and online, here. Taiwan’s Economic Slowdown Continues Taiwan’s housing market is currently experiencing a downturn, with only 164,500 housing units sold or exchanged this year, according to the Ministry of the Interior. The…
BY DAVID CHIH AND KATELYN SHELBY A selection of these news stories are also covered in AmCham Taiwan’s Executive Sweet podcast, available on Apple Podcasts, Spotify and online, here. Senate Committee Passes Taiwan Tax Bill The U.S. Senate Finance Committee unanimously passed the United States-Taiwan Expedited Double-Tax Relief Act on September 12. If passed by the Senate, the bill…
BY JAMES HILL A selection of these news stories are also covered in AmCham Taiwan’s Executive Sweet podcast, available on Apple Podcasts, Spotify and online, here. Trade Down, Real Regular Wages up Taiwan’s exports declined for the 11th consecutive month in July, according to the latest figures from the Ministry of Finance (MOF). The ministry attributed the drop to…
BY JAMES HILL A selection of these news stories are also covered in AmCham Taiwan’s Executive Sweet podcast, available on Apple Podcasts, Spotify and online, here. China Bans Taiwan Mango China on August 21 announced it had suspended imports of mangoes from Taiwan with immediate effect. China’s Taiwan Affairs Office spokesperson Zhu Fenglian said that Chinese customs officers had…
