President Tsai vows to deepen Taiwan-US trade ties, improve business environment

President Tsai Ing-wen said April 21 that the government will continue to improve Taiwan’s digital, energy and labor policies as well as regulatory framework to ensure that the country remains an ideal location for foreign investment.
Despite the impact of the COVID-19 pandemic, Taiwan recorded economic growth of 3.11 percent in 2020, the highest among the world’s top 30 economies, thanks to the efforts of the government, private sector and civil society, Tsai said.
This positive development is highlighted in a recent survey conducted by the American Chamber of Commerce in Taiwan that shows 80 percent of its members feel optimistic about the local economy’s outlook over the next three years.
Tsai made the comments while delivering an address at AmCham Taiwan’s annual banquet in Taipei City. The gathering of business leaders was also attended by luminaries such as Foreign Minister Jaushieh Joseph Wu and American Institute in Taiwan Director Brent Christensen.
According to Tsai, the business communities in Taiwan and the U.S. enjoy a long-standing partnership that is set to become closer than ever thanks to a raft of collaborative mechanisms set up last year.
These include the Agreement on Scientific and Technological Cooperation, Framework to Strengthen Infrastructure Finance and Market Building Cooperation, and the inaugural Economic Prosperity Partnership Dialogue, Tsai said.
Taiwan is willing and able to contribute to U.S. President Joe Biden’s plan to create more resilient, diverse and secure supply chains for critical and essential goods, she added.
Tsai also took the opportunity to thank AmCham for its support of a Taiwan-U.S. bilateral trade agreement, adding the government will continue to work with the U.S. and other like-minded partners to promote regional peace and security. (SFC-E)
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