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August 20, 2017

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Technology a new focus of Taiwan-America business relations

The U.S.-Taiwan business relation has been undergoing a significant change over the past few years. While the U.S., which used to be the most important trading partner of Taiwan, has been challenged by the Chinese mainland as the largest inlet of Taiwan's exports. The emerging cross-border technology partnership creates substantial impetus in forging a closer business link between the two economic entities.

The trend is reflected in the agenda of the biennial meeting of the ROC-USA Business Council, an association formed at a time when the U.S. ceased diplomatic ties with the ROC in the late 1970s as the supreme civil organization for promoting the bilateral economic links between Taiwan and the U.S.

High-tech focus

The 27th Biennial Conference of the Council will kick off today in conjunction with the Modern Engineering Technology Seminar 2004 organized by the Chinese Institute of Engineers. The conference will be dominated by over 10 seminars on the emerging realms of the advanced technologies ranging from the biotech & medical technologies, broadband telecom, flat panel display, Nano & MEMS technologies for water resources, opto-electronics, flat panel display, radio frequency identification to the energy and water resources management and others in the era of the new economy.

Meanwhile, there is a seminar arranged for Taiwanese companies to meet American counterparts and seek the chances for technology transfer. It has been one of the government's policies to encourage cross-border technology partnership as an essential means for Taiwan's industrial upgrading. The ROC-USA

Business Council is planning to set up several subcommittees each focused on a particular realm of the technology industries to help shaping strategic directions for the cooperation among technology companies of the two countries.

Supreme channel

As the supreme civil organization for promoting Taiwan's economic relations with the U.S., the ROC-USA Business Council will have high-profile American guests attend its opening ceremony including American Institute in Taiwan (AIT) Director Douglas Paal, US-Taiwan Business Council Director Greyson T. Bassett and the Council's President Rupert Hammond-Chambers. Basset will read a message from American President George Bush during the ceremony.

The US-Taiwan Business Council is renamed from the USA-ROC Business Council established in 1977 as the American counterpart of the ROC-USA Business Council.

Over the past decades, Taiwan and the U.S. have developed sound business links in the areas of international trade and investment. "Based on the current sound foundation, there still exists plenty of room for growth in the future, especially in the realm of the high-tech industries where both the U.S. and Taiwan have playing significant roles on the international market," said Webster Kiang, secretary general of the ROC-USA Business Council.

Used to serving as OEM (original equipment manufacturing) suppliers of their American buyers, Taiwanese companies have gradually adjusted their operational strategies and enhanced their R&D capabilities amid the tendency for industrial upgrading in Taiwan. Now, what they need most from their American partners is the advanced know-how.

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