For the first installment of AmCham’s special “Meet the Mayor” luncheon event series, Taoyuan Mayor Cheng Wen-tsan addressed an audience of members and their guests at the Shangri-la’s Far Eastern Plaza Hotel Taipei’s second-floor ballroom.
Mayor Cheng began by highlighting Taiwan’s excellent economic performance over the past year, including the double-digit growth in its industrial output and similar growth in exports between January 2020 and 2021. He noted the many new and ongoing efforts in advancing the economic and security relationship between the U.S. and Taiwan, including cooperation on energy and technological development, as well as improving intellectual property protection and strengthening regional security, among others.
Cheng went on to discuss the extent of foreign investment in Taoyuan, emphasizing that over 100 U.S. companies have invested in operations there. He said that Taoyuan has been the most successful location in all of Taiwan in terms of helping foreign and local companies resolve issues related to their investments. Some of the notable investors Cheng mentioned from among AmCham’s membership included Cisco, Costco, and GE.
In addition, Cheng said, Taoyuan’s local supply chains are strong and abundant, particularly in the area of semiconductors, but also increasingly in 5G communications equipment. Many of the supply chain partners for U.S. multinationals such as Apple, Tesla, and Nike have factories or headquarters in Taoyuan. In addition, the presence of Taiwan’s largest international airport in Taoyuan has allowed it to develop a robust logistics industry, further bolstering its comprehensive supply chains.
Given Taoyuan’s economic and investment advantages and its supportive local government, it holds an important place in the U.S.-Taiwan relationship, Cheng said. Given this, he invited AmCham’s members to consider Taoyuan as their next partner or investment location in Taiwan.
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