AmCham Taiwan held a virtual press conference on June 23 to announce the release of its 2021 Taiwan White Paper. The online event was hosted by AmCham Chairperson CW Chin and the Chamber’s new president, Andrew Wylegala, and was joined by around 30 members of the local and international media, as well as several government officials and Chamber members.
Chin opened the event by highlighting the importance of the White Paper and its 25-year history as an advocacy document representing the interests of the Taiwan business community, as well as a platform for the Chamber to articulate its vision for U.S.-Taiwan bilateral economic relations. Chin then introduced AmCham Taiwan’s new President, Andrew Wylegala, a veteran U.S. foreign service officer in the Department of Commerce.
In his remarks, Wylegala touched on key elements of this year’s White Paper, such as AmCham Taiwan’s multi-track advocacy strategy and the newly launched Taiwan Commercial Initiative (TCI), featured in the publication’s Messages to Washington section. In addition to restarting the Trade and Investment Framework Agreement (TIFA) Talks, the TCI urges the U.S. government to continue and expand the Economic Prosperity Partnership Dialogue, launch public-private partnerships involving industry and government agencies on both sides, and include Taiwan in plurilateral talks between the U.S. and other regional partners. It culminates in negotiations for a U.S.-Taiwan Bilateral Trade Agreement.
See the full 2021 Taiwan White Paper presentation:
Chin concluded by stressing the need for Taiwan to adapt to the evolving world economy by accelerating digital transformation, increasing bilingualism, and addressing energy concerns. In addition, Chairperson Chin also highlighted that nearly 40% of the 2020 White Paper issues have been resolved or achieved significant progress – a new record for the publication.
During the media Q&A session, Wylegala emphasized that the Chamber will continue to support its member companies with resources and advocacy services should Taiwan extend the current Level 3 restrictions. Chin added that AmCham will strive to represent the interests of foreign-owned small and medium-sized businesses in Taiwan through its annual White Paper and other channels.
Regarding the much-anticipated TIFA talks, set to take place shortly, Wylegala said that he expects good progress as previous major trade impediments, such as Taiwan’s ban on the import of certain U.S. meat products, have now been cleared and new challenges, such as supply chain resilience, are being discussed.