AmCham’s 2024 White Paper Urges Leaders to Seize Urgent Opportunities to “Future-Proof” Taiwan

TAIPEI, Taiwan – In its 2024 Taiwan White Paper released today, the American Chamber of Commerce in Taiwan urged the Taiwan government to work with industry to enhance the investment climate, strengthen resilience, and amplify Taiwan’s strategic economic positioning in the face of an uncertain future. The new administration has the chance to lead innovative changes that will future-proof Taiwan, AmCham said.

The Chamber highlighted the business community’s unique role in providing Taiwan with vital connections to the international sphere. AmCham stressed the need for prompt and sustained efforts to implement a transparent electricity price and carbon fee review mechanism, accelerate the development of renewable energy and address talent shortages. The White Paper advocates broadened and standardized adoption of the 60-day public notice and comment period for new regulations, similar transparency in lawmaking, increased healthcare funding, and adoption of global standards across industries.

In its “Messages to Washington,” AmCham highlighted the robust bilateral relationship between Taiwan and the United States, bolstered by shared strategic interests, technological ties, and booming trade and investment.

The Chamber called on Washington to ensure continued bipartisan support for Taiwan’s defense, finalize the U.S.-Taiwan Initiative on 21st Century Trade, and advance efforts to remove double taxation from bilateral investments. AmCham also urged the U.S. government to normalize high-level official visits and promote Taiwan’s inclusion in international organizations, including the World Health Organization, Interpol, and the International Civil Aviation Organization (ICAO).

Ranked among the world’s richest countries in terms of financial assets, Taiwan stands at the threshold of a transformative era, the White Paper said. Taiwan should leverage its technological and political achievements to spur further economic growth, expand its global influence, and improve the quality of life of its people. The challenge of a rapidly aging population exacerbates the urgent need for innovative governance to effectively navigate future complexities.

With 5 of the 95 issues highlighted in the 2023 White Paper resolved and 25 making good progress, AmCham expressed hopes for more frequent interaction with Taiwan government agencies. The Chamber welcomes the opportunity to evaluate and enhance programs and offers to serve as a platform for sharing best practices and providing industry expertise that will help build a resilient future for Taiwan.

During the press conference launching this year’s White Paper, AmCham Taiwan expressed its gratitude to the National Development Council for coordinating the government’s response to the Chamber’s recommendations, and to the various government bodies for their cooperation in addressing complex regulatory challenges. The Chamber looks forward to further collaboration in the coming year.

The 2024 Taiwan White Paper is available here: https://amcham.com.tw/advocacy/white-paper/

For more information, please contact:

AmCham Taiwan Government and Public Affairs
Manager, Joyce Pan (02) 2718-8226 Ext. 211 [email protected]
Senior Manager, Fernando Chen (02) 2718-8226 Ext. 213 [email protected]
Director, Celine Fahn (02) 2718-8226 Ext. 315 [email protected]