Minister John Deng Addresses AmCham Luncheon

AmCham Taipei was honored to invite Minister without Portfolio John Deng, one of the Taiwan government’s chief experts on international trade, to speak on U.S.-Taiwan economic and trade relations at a special luncheon held in the Mandarin Oriental’s Grand Ballroom on October 22. Minister Deng previously served as chief representative at the Office of Trade Negotiations (2007-2008) and as minister of economic affairs (2014-2016). The Chamber was therefore delighted to have him share his insights on the current U.S.-Taiwan relationship, as well as on the prospects for a bilateral trade agreement (BTA) between the two partners.

Deng stressed the strong and stable nature of trade and investment between Taiwan and the U.S. Taiwan’s exports to the U.S. rose by 7.1% between January and September this year, despite the disruption caused by the COVID-19 pandemic. He also remarked that the economies of Taiwan and the U.S. – particularly in the areas of semiconductors and IC products – are highly complementary, making them natural trade partners.

No relationship is without its challenges, however. Although President Tsai Ing-wen removed a longstanding trade barrier when she announced in August that restrictions on the import of certain types of U.S. beef and pork would be eased starting next year, the move has met with some public criticism. In particular, the lack of response from the office of the U.S. Trade Representative has left some questioning the value of ending the import restrictions. The USTR’s focus on implementing the phase one trade deal with China may have been a factor in the agency’s silence, Deng noted.

Nevertheless, many positive signs have been coming from Washington recently. Deng highlighted evidence of bipartisan Congressional support for a U.S.-Taiwan trade agreement, including a joint letter signed by 161 U.S. Representatives and another signed by 50 Senators calling on the USTR to begin negotiations for a BTA with Taiwan. And the recent high-level visits to Taiwan by Health and Human Services Secretary Alex Azar and that of Undersecretary of State for Economic Growth, Energy, and the Environment Keith J. Krach indicate significant progress in the U.S.-Taiwan relationship.

These developments can serve as a solid foundation for future relations, regardless of the result of the U.S. presidential election in November, Deng concluded.

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Note: AmCham events are intended primarily for AmCham members and their guests. Many events are open to members’ guests and other non-members, but the attendance of any non-member must be approved in advance. AmCham reserves the right not to admit a non-member to any event without explanation.

A Virtual Trip Around the World – at the American Ball

AmCham Taipei’s 2020 American Ball was an evening of glitz and glamor as nearly 300 members and their guests arrived at the Grand Hyatt Taipei dressed in dashing tuxedos and elegant evening gowns. While the COVID-19 pandemic has severely restricted international travel, the theme of this year’s ball – Fly Me to the World – aimed to bring the world to attendees. The event featured a world-class meal, international performances, and dance-worthy sounds from around the globe.

View the full photo gallery here

As guests began to trickle in, they made their way from the photo stand in the hotel’s lobby to the registration area outside the Grand Ballroom on the third floor. There they were treated to an eye-catching display of duty-free products supplied by Ever Rich, including high-value Taiwanese tea sets, as well as other local snacks and assorted goods. Those wishing to further memorialize their attendance at this premier event had the chance to strike a pose at two photo stations upstairs.

2020 American Ball – AmCham x Ever Rich

The evening’s festivities kicked off with a lively dance performance, transporting the audience to France and Spain with traditional songs and beautiful costumes. It was a hard act to follow, but Master of Ceremonies Roger Yee rose to the occasion, eliciting laughs and applause from guests and putting everyone at ease. He was joined onstage by AmCham Taipei Chairperson CW Chin and President Leo Seewald, and the three raised a toast on behalf of the host organizations.

2020 American Ball – Dance Performers

As the night continued, guests were treated to a sumptuous intercontinental meal, whose courses included Spanish-style smoked halibut, pineapple sorbet with coconut crumble for lovers of Hawaii, Netherlands-style roasted U.S. beef tenderloin, and a coffee chocolate bonbon representing Italy. It was the kind of feast that lets you savor the world without ever needing to leave the dinner table. To complement this delicious spread, bottles of Robert Mondavi Winery Woodbridge Cabernet Sauvignon and Chardonnay were provided by drinks sponsor Sergio Valente, while whisky drinkers enjoyed glasses of Johnnie Walker Black Label Sherry Finish from Diageo.

Live music for the American Ball was provided by Sherwyne Pereira and his band MODA, while local DJ Rick Kraft spun a range of contemporary jams and classic tunes, getting people in the dancing spirit. Those who still had room after dinner could take a break from the dancefloor for a late-night snack of pulled pork sandwiches and Spanish churros. Meanwhile, free-flow refreshments were available at the bar throughout the night.

2020 American Ball – Dance Floor

The 2020 American Ball was made possible by the generosity of a number of sponsoring organizations. These included Grand Prize Sponsor Samsung; Wine & Liquor Sponsors Diageo and Sergio Valente; Gold Sponsors Amgen, Grand Hyatt Taipei, and HSBC; Décor Sponsor Merck; and Silver Sponsors Corning, The Rehfeldt Group, and GSK.

The party featured raffle drawings with attractive prizes throughout the night. The grand prize, from Samsung, was a 65” QLED 4K television. Other prize sponsors included the Grand Hyatt Taipei, Amba Taipei Songshan, CÉ LA VI Taipei, eslite hotel, Everrich, Hotel Eclat Taipei, Hotel Indigo Taipei North, Hotel Royal Group, Howard Plaza Hotel Taipei, Madison Taipei, Mandarin Oriental Taipei, Mellow Fields Taipei, Shangri-La’s Far Eastern Plaza Hotel, The Landis Taipei, The One, The Place Taipei, Regent Taipei, Sherwood Taipei, Westin Tashee Resort Taoyuan, and W Taipei.

Interested in attending our events? Join us at other upcoming events, click here.

Note: AmCham events are intended primarily for AmCham members and their guests. Many events are open to members’ guests and other non-members, but the attendance of any non-member must be approved in advance. AmCham reserves the right not to admit a non-member to any event without explanation.

2020 AmCham AGM Voting Procedure
年度會員大會理監事選舉流程

This year’s Annual General Meeting will be held on Tuesday, November 17 at the Shangri-La’s Far Eastern Plaza Hotel. This year, we need to achieve a quorum of 101 voting members at the AGM. We highly encourage all members to attend this event.

As a reminder, we would like members to know that the election packets have been sent. If you are the voting member, please make sure you have received the election packet. For information regarding the voting procedure, please check our AGM overview fact sheet.

109年11月17日年度會員大會理監事選舉公報已經寄出,如果您是有投票權之會員,煩請確認您是否已經收到. 關於理監事選舉流程請看下方圖示並參考此連結. 謝謝您!

If you WILL attend the Annual General Meeting:

  • Please sign and send the Attendance Card (BLUE card) to Deloitte & Touche.
  • To cast your vote, please bring your ballot to the Annual General Meeting on November 17.

If you WILL NOT attend the Annual General Meeting, please mail the following to Deloitte & Touche:

  1. Please sign and send the Attendance Card (PINK card).
  2. Please sign and send the PROXY Card (PINK card).
  3. Select your candidates on the ballot to cast your vote.

An AmCham “Big Idea”: Establishing a Sovereign Wealth Fund in Taiwan

AmCham Taipei President Leo Seewald appeared recently on the Taiwan Matters Podcast hosted by Nicholas Gould to discuss the potential for Taiwan to establish a sovereign wealth fund as a number of other countries have done to engage in strategic investing internationally.

The notion of creating such a fund is one of a series of “Big Ideas” that AmCham is seeking to promote.

Seewald is a former Chairman and country head for Black Rock investment Management in Taiwan. Other guests on the podcast include Professor Jennifer Wang, former Chairperson of the Financial Supervisory Commission and now the Chairperson of the Department of Risk Management and Insurance at National Chengchi University; and Silicon Valley angel investor and CEO of Taiwania Capital Management Corp. David Weng. Taiwania is a National Development Fund established by the Taiwan government two years ago.