2024 Annual General Meeting and Board of Governors & Supervisors Election Results

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AmCham Taiwan is pleased to announce the results of the 2024 Annual General Meeting held Tuesday, November 19, 2024. The election results were compiled by Deloitte & Touche. The elected Governors and Supervisors are listed in alphabetical order.

2025-2026 Governors (Serving a two-year term, beginning Jan. 1, 2025 )

Anita Chen of Google Taiwan
Michael Huang of The Bank of New York Mellon Taipei Branch
Seraphim Ma of Baker McKenzie 
Dan Silver of Boston Scientific International B.V.-Taiwan Branch
Cellina Yeh of Pfizer Ltd.

1st Alternative: Cindy Chen of Adecco Personnel Co.
2nd Alternative: Max Chen of Taiwan Facebook Ltd. (Meta)
3rd Alternative: Brian Sung of Cadence Design Systems (Ireland) – Taiwan Branch

2025 Supervisors (Serving one-year term, beginning Jan. 1, 2025)

Stella Lai of IBM Taiwan Corp.
Erik Ramp of Edwards Lifesciences (Taiwan) Corp.
Vickie Wang of 3M Taiwan

1st Alternative: Tiffany Hsieh of BlackRock Investment Management (Taiwan)

All other business items brought to the Annual General Meeting were approved.

Thank you to all the candidates for office. Congratulations to the new Governors and Supervisors!

Returning With American Optimism

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There has seemingly never been more resounding advocacy for Taiwan on the Hill. America’s message during AmCham’s 2024 Doorknock trip was clear: support for Taiwan is strong ad bipartisan.

Almost 20 senior members and staff traveled to Washington, D.C., in late June as the Chamber’s Doorknock returned in full glory after a five-year hiatus. They met with members of Congress, the Senate, think tanks, and other important stakeholders to discuss pressing issues. At the top of the agenda was double taxation avoidance, the U.S.-Taiwan Initiative on 21st Century Trade, resilience and defense, and the upcoming elections.

Discussions revolved around key issues like robust supply chains, the digital economy, and the future of the bilateral relationship. Each topic highlighted the strategic importance of Taiwan in the global arena, particularly in technology and defense sectors.

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Supply Chain Resilience

One of the pivotal discussions during the Doorknock sessions focused on enhancing supply chain resilience, emphasizing Taiwan’s critical role in the global semiconductor and advanced computing industries. Dialogue shed light on U.S. initiatives aimed at more deeply integrating Taiwan into its industrial and technological frameworks. This strategic integration is seen as essential to bolster both economies against potential economic coercion by China.

Participants discussed the necessity of building a highly durable supply chain that can endure geopolitical tensions and reduce vulnerabilities to disruptions. The United States and Taiwan are exploring streamlined trade policies and investment climates to facilitate smoother and more predictable business operations.

Digital Economy

Meetings revealed concerns about policy continuity and clarity, particularly with the recent changes in Taiwan. Industry leaders called for more definitive requirements in energy resilience, secure cloud services, and critical supply stockpiles. The strategic digital trade ties are being fortified, recognizing Taiwan’s vital role despite challenges from geopolitical tensions.

A significant focus was on cybersecurity as a cornerstone of digital policy, aiming to protect the integrity of digital trade and infrastructure. The U.S. side encouraged Taiwan to adopt proactive regulations for AI and other digital technologies, aligning with international standards like those in the EU and the United States.

Implications of the Double Taxation ADTA Bill

The ADTA bill was another critical topic, with broad bipartisan support acknowledged as crucial for economic cooperation between the United States and Taiwan. The bill’s passage, however, faces delays due to its association with more contentious legislative issues. Resolving double taxation would not only facilitate smoother operations for companies like TSMC and its SME suppliers but also strengthen economic ties and improve Taiwan’s strategic positioning globally.

U.S.-Taiwan Defense and Security Cooperation

Discussions on defense and security highlighted the bipartisan support in the States for Taiwan and the strategic military assistance being provided, including expedited delivery of military equipment. This support seeks to advance Taiwan’s immediate defense capabilities against the rising military threats from China, focusing on both traditional and asymmetric warfare readiness.

Looking Forward

Ultimately, the sessions have set a foundational dialogue for future economic and security initiatives, ensuring that both Taiwan and the United States can navigate the complexities of their bilateral relationship in an increasingly uncertain global environment.

In the upcoming month, AmCham will invite members for a more in-depth dissection of its findings from the 2024 Doorknock.

AmCham Releases Its 2024 White Paper

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Nearly 40 reporters from local and international media outlets gathered at the Regent Taipei on June 6 for the launch of AmCham’s 2024 Taiwan White Paper. The press conference, led by AmCham Taiwan Chairperson Dan Silver and President Patrick P. Lin, was followed by a luncheon for members and their guests. 

Lin opened the event by emphasizing the significance of the White Paper, which has served as the Chamber’s most important advocacy document for several decades. It represents the interests of the international business community and provides a platform for AmCham members to express recommendations to secure Taiwan’s economic future, as well as to improve U.S.-Taiwan bilateral economic relations. Lin further noted that AmCham member companies maintain strong commitment to Taiwan and are confident in its potential for growth. 

AmCham Taiwan President Patrick P. Lin and Chairperson Dan Silver
present the 2024 Taiwan White Paper during the June 6 press conference.

In this year’s White Paper, AmCham members 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 Chamber lauded the encouraging progress of the U.S.-Taiwan Initiative on 21st Century Trade and urged both governments to establish a well-defined roadmap outlining the execution of agreements under the Initiative, and subsequently use it to move towards a bilateral trade agreement. AmCham also called on the U.S. government 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. The U.S. government should also 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).

President Patrick P. Lin and Chairperson Dan Silver answer questions from the media.

During the press conference, Silver stressed that Taiwan currently finds itself in a “golden opportunity” to leverage the unprecedented level of international attention and goodwill it enjoys, and that there is no way to know how long this attention will last. He stressed that there is “no time to waste” in making Taiwan the region’s most attractive investment destination. Silver also summarized the status of the 2023 White Paper, with 5 issues solved, and 25 in good progress, out of a total of 95 raised.   

The press conference was followed by a luncheon attended by nearly 150 AmCham members and their guests, as well as special guest Minister of the National Development Council (NDC) Liu Chin-ching. Following a presentation by Silver, Minister Liu was invited to the stage to receive a copy of the White Paper on behalf of the Taiwan government.  

Chairperson Silver presents the 2024 Taiwan White Paper
to Minister Liu Chin-ching on behalf of the Taiwan government.

In his remarks, Liu expressed his gratitude to AmCham for its long-term support, and for providing advice on improvements to Taiwan’s investment environment, further strengthening U.S.-Taiwan economic and trade relations. AmCham and the NDC look forward to arranging meetings to discuss specific issues presented in the White Paper in the coming year. 

Members of AmCham’s Board of Governors, Minister Liu and representatives of the American Institute in Taiwan were present at the luncheon.

The 2024 Hsieh Nien Fan Marks Endings and Beginnings

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Taipei Marriott Hotel was bustling on March 28 as 800 members, guests, and government officials gathered to celebrate AmCham Taiwan’s 56th annual Hsieh Nien Fan banquet.  

The Hsieh Nien Fan serves as a way for the Chamber to thank its partners in the Taiwan government for their cooperation and support. It’s also a prime demonstration of AmCham’s influence, vitality, and commitment to the U.S.-Taiwan economic and trade relationship. A key message that echoed across the evening’s three speeches was that this year will be one of substantial action to further the bilateral relationship.  

AmCham Chairperson Dan Silver at the 2024 Hsieh Nien Fan.

Delivering the opening remarks, AmCham Taiwan Chairperson Dan Silver urged Taiwan to take full advantage of the spotlight currently shining on it, emphasizing the need for regulatory reform to create a more open, investment-friendly, and agile business environment that solidifies Taiwan’s global economic position.   

“Taiwan has positioned itself as a leader willing and able to foster closer relationships with like-minded partners, ensuring strength through prosperity,” he said. “We hope that Taiwan continues to innovate and expand its industries, propelling its economy toward the future its people deserve.” 

As this year’s Hsieh Nien Fan was the last for both President Tsai Ing-wen and Director of the American Institute in Taiwan (AIT) Sandra Oudkirk in their current capacities, Silver took the opportunity to thank them for their outstanding contributions. He commended Oudkirk for promoting diversity and inclusion, women in business, and U.S.-Taiwan cybersecurity collaboration. Silver also expressed the Chamber’s deep appreciation for President Tsai, acknowledging her as a distinguished global leader. 

“Through active engagement and with an open mind, your administration has been a tremendous friend to AmCham,” said Silver. “You have continuously demonstrated your commitment to our members. For that, and for your outstanding leadership, we extend our sincere thanks.” 

AmCham prompted the AI-generated gift by combining parts indicating
President Tsai’s accomplishments over her two terms in office,
including human rights, energy, and strengthened U.S.-Taiwan relations,
with more personal aspects such as cats and drip coffee.

Upholding a two-decades-long tradition, President Tsai provided the evening’s keynote remarks. She praised Silver’s efforts during his previous tenure as Chairperson in 2016, noting his substantial contributions to improving Taiwan’s regulatory environment. “I am sure that his leadership and action will help make the business environment here in Taiwan even more friendly,” she said.  

Tsai further recognized AmCham President Patrick P. Lin’s impressive record in international business, adding that she looks forward to seeing Lin draw on his experience to push U.S.-Taiwan relations even further.  

“While no one can tell what the future has in store, I am confident that Taiwan will continue to stay on the right path and keep the political and economic landscape stable and secure,” Tsai said. “We will advance steadily onwards, thanks to the solid foundations that you all helped to lay.”  

President Tsai also took the opportunity to express her gratitude and say goodbye to AmCham members at the event. “I look forward to seeing the efforts we have made together in resolving the issue of double taxation between Taiwan and the U.S., producing concrete results,” she said. “For that, I remain optimistic and must give a special thanks to AmCham for its consistent advocacy through such channels as the White Paper.”   

As President-elect Lai Ching-te assumes the presidency in May, he takes on a national project of making Taiwan more democratic, ambitious, innovative, prosperous, just, and sustainable, Tsai noted.  

“Through that project, he hopes to continue the story of Taiwan’s democratic success and make it a source of pride to the world,” said Tsai. “I’m sure that as we continue down the road of freedom and democracy, Taiwan and AmCham will continue to reach new achievements and set even higher goals.” 

 

AmCham borrowed themes from AIT Director Oudkirk’s home state of Florida as well as Taiwanese elements, featuring icons of the U.S-Taiwan relationship, such as semiconductor chips, international trade, and innovation. Director Oudkirk’s favorite American treat, pecan pie, can be found on the right.

Taking the stage next, Director Oudkirk highlighted numerous milestones in U.S.-Taiwan collaboration over the past year. She mentioned accomplishments such as the inaugural U.S.-Taiwan Science and Technology Cooperation Dialogue, the signing of the first agreement under the U.S.-Taiwan Initiative on 21st Century Trade, significant delegations from Taiwan to the United States during the APEC summit, and a record 39 visits by members of Congress to Taiwan. 

U.S. companies continue to showcase their dedication to the Taiwan market. As examples, Oudkirk named long-term investors like Micron and FedEx Express, as well as newcomers making their mark, such as U.S. e-commerce platform Coupang and energy storage provider Fluence. 

AIT Director Oudkirk, President Tsai, and AmCham Chairperson Silver
toast to health and prosperity in the coming year.

“Each of these companies has demonstrated through their expanded presence here in the past few months that they increasingly find value in Taiwan as an investment destination,” Oudkirk said. “Of course, investment flows both ways, and we similarly welcome Taiwan’s investments in the United States.” 

AIT has great plans for 2024, Oudkirk said, noting that it will continue to collaborate with AmCham and other partners to bolster Taiwan’s cyber and energy resilience. “We hope that through building these industry partnerships, we will lay the foundation for commercial and research collaboration that will lift both economies and further link our industries and the number of next-generation technologies.” 

Joining President Tsai were a number of high-ranking Taiwanese central and local government officials, including Vice President-elect Hsiao Bi-khim, Secretary-General to the President Lin Chia-lung, Legislative Yuan Vice President Chiang Chi-chen, Secretary-General of the National Security Council Wellington Koo, Minister of Foreign Affairs Joseph Wu, Minister of Health and Welfare Hsueh Jui-yuan, Minister of the Interior Lin Yu-chang, Minister of Justice Tsai Ching-hsiang, Minister of Finance Chuang Tsui-yun, Minister of Environment Shieu Fuh-sheng, Minister without Portfolio John Deng, and National Development Council Minister Kung Ming-hsin. Representation from local governments included Taipei Mayor Chiang Wan-an, New Taipei City Mayor Hou Yu-ih, and Taichung Mayor Lu Shiow-yen. 

AmCham Taiwan appreciates the support from the following member companies:

Beverage Sponsors:

2024 Hsieh Nien Fan Remarks by Dan Silver, Chairperson of AmCham Taiwan

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Taipei, Taiwan, March 28, 2024

(As Prepared)

President Tsai, Director Oudkirk, Distinguished Guests, Chamber Members:

Good evening, and welcome to AmCham’s 56th Hsieh Nien Fan.

It’s an honor to be with you tonight as we celebrate another successful year as Taiwan’s most influential international business organization.

On behalf of the Board of Governors and our more than 1,200 members, I’d like to thank everyone involved in organizing this flagship event. Let’s give a round of applause for the unwavering support of staff in making this evening possible.

We’ve held this event for 56 years, but few moments have been as favorable for business and international exchange as today.

Taiwan has once again demonstrated that it’s one of the best places to do business. Our members’ dedication to this market is a testament to the opportunities available here – 92% of our members plan to maintain or expand their investments here in 2024.

These investments include new offices, R&D, staff, and even tickets to our Hsieh Nien Fan, which in recent years has become an incredibly popular investment. I have it on good authority that tickets to tonight’s event sold out faster than a Taylor Swift concert…

… and I’d dare say that Hsieh Nien Fan is a lot more economical than what Singapore paid.

The past year has not only seen investments in dollars but also new momentum in the U.S.-Taiwan relationship.

Last year, we were delighted to see the first agreement under the U.S.-Taiwan Initiative on 21st-Century Trade. We’ve also seen progress on double taxation avoidance, a long-standing advocacy issue for AmCham.

A record number of visits by members of the U.S. Congress, executive agencies, governors, and think tanks, and the opening of new state offices are prime demonstrations of the commitment to Taiwan from across the Pacific. An impressive 20 U.S. states and Guam now have offices here.

AmCham believes that a comprehensive Bilateral Trade Agreement would be optimal for both sides. We will continue to press the case. At AmCham, we believe that every sincere effort to strengthen engagement between the U.S. and Taiwan should be actively, urgently embraced. The Taiwan Fellowship Act is one such effort.

This act symbolizes a profound commitment to mutual understanding and cooperation. Last weekend, President Biden signed into law a new spending package that includes additional funding for the Act.

The TFA gives Taiwan the authority to decide which departments fellows work in. It strategically enhances the partnership with the United States. It is rooted in the spirit of reciprocity and paves the way for meaningful exchange of expertise and insights. We hope that it will be implemented without further delay.

There has never been a better time to take action. Taiwan has positioned itself as a leader willing to foster closer relationships with like-minded partners, ensuring strength through prosperity and interconnectedness.

This January, we witnessed another exemplary election, paving the way for the smooth transition of power. This is a testament to the strength of Taiwan’s democracy. As an American, I have come to learn that transitions of power can sometimes be a little rocky…

And speaking of smooth transitions, please join me in applause for Vice President-elect Bi-khim Hsiao, who is with us tonight.

Taiwan has moved from the periphery of the democratic world to the center of it. It is a global role model. It falls on all of us to ensure that Taiwan maintains positive attention and is not sidelined.

We hope that Taiwan will continue to innovate and expand its industries. This is what propels its economy ever forward. To do so, Taiwan can deepen the spirit of good regulatory practice. It can reinforce a consultative, innovation-friendly, and agile business environment that cements its position on the world stage.

Taiwan can lead the way in future-oriented regulations that respond to the world’s emerging technologies. AmCham and the U.S. business community believe that Good Regulatory Practice is what creates effective blueprints for the future.

With that in mind, I want to take this moment to express our gratitude for the constructive relationship we enjoy with the Taiwan government. As you can see here tonight, this government values engagement with industry.

Among you sit approximately 150 government officials and representatives. They come from a wide range of agencies and roles. Their presence showcases the broad support the Chamber enjoys and we are honored to have this opportunity to say thank you to each one of you attending our Hsieh Nien Fan.

I want to express my gratitude especially to the National Development Council and Minister Kung. Thanks to your coordination efforts, we have just concluded a series of meetings addressing our White Paper issues.

The Chamber looks forward to working even more closely with the government. We want to help foster a business environment that aligns with international standards and is an inspiration for the region.

Naturally, our Chamber would not have thrived into its 73rd year without the help of another critical partner. We are grateful to our good friends at AIT and the strong support from Director Oudkirk. Under your leadership, AIT has become a more open, approachable, and dynamic institution, ready to engage with private and public interlocutors.

We particularly appreciate your support for diversity and inclusion, women in business, and your tireless efforts to strengthen U.S.-Taiwan cybersecurity collaboration. As you move to your next endeavor, you will be missed. And there will always be a slice of pecan pie for you at the AmCham office.

Lastly, I want to extend my sincerest appreciation to Her Excellency President Tsai for joining us and delivering tonight’s keynote remarks.

For those who don’t know, I was Chairperson the year President Tsai was inaugurated, so this is somewhat of a full-circle moment for me. What an 8 years it has been. Since 2016, AmCham membership has grown 20%. Taiwan’s GDP has grown an even more impressive 39% – but I’d like to remind you that it’s not a competition.

President Tsai – you have truly distinguished yourself as a leader in the free world during your time in office.

Through active engagement and with an open mind, your administration has been a tremendous friend to AmCham. You have continuously demonstrated your commitment to our members. For that, and for your outstanding leadership, we extend our sincere thanks.

It’s my pleasure to host you again this evening in my capacity as Chairperson of AmCham.

Ladies and gentlemen, welcome once again, and enjoy your evening.

AmCham Releases Its 2023 White Paper

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Nearly 30 reporters from local and international media outlets gathered at the Regent Taipei on June 7 for the launch of AmCham’s 2023 Taiwan White Paper. The press conference, led by AmCham Taiwan Chairperson Vincent Shih and President Amy Chang, was followed by a luncheon for members and their guests. 

Chang opened the event by emphasizing the significance of the White Paper, which has served as the Chamber’s flagship annual advocacy document for 27 years. It represents the interests of the international business community and provides a platform for AmCham to express its vision for Taiwan’s economic future, as well as for improving U.S.-Taiwan bilateral economic relations. She further noted that while members are closely monitoring geopolitical developments in the region, they maintain a strong dedication to Taiwan and its growth. 

AmCham Taiwan President Amy Chang and Chairperson Vincent Shih present the
2023 Taiwan White Paper during the June 7 press conference.

In this year’s White Paper, AmCham members urged Taiwan to speed up its digital transformation, implement and uphold sound regulatory governance, speed up the transition to renewable energy sources, and invest in talent to better meet the challenges of the 21st Century. 

The Chamber lauded the encouraging progress of the U.S.-Taiwan Initiative on 21st-Century Trade and urged both governments to establish a well-defined roadmap outlining the execution of agreements under the Initiative, and subsequently proceed with negotiations for a comprehensive bilateral trade agreement. AmCham also called on the U.S. government to schedule regular visits to Taiwan by high-ranking officials and continue to advocate for Taiwan’s inclusion in international organizations, such as the World Health Assembly and International Civil Aviation Organization. 

President Amy Chang and Chairperson Vincent Shih answer questions from the media.

During the press conference, Chairperson Shih stressed that Taiwan currently finds itself in a “golden opportunity” to leverage the unprecedented level of international attention and goodwill it enjoys, and that there is no way to know how long this attention will last. He stressed that there is “no time to waste” in making Taiwan the region’s most attractive investment destination. Shih also summarized the status of the 2022 White Paper, with 8 issues solved, and 21 in good progress, out of a total of 102 raised.   

“We look forward to working with the National Development Council in the upcoming year to facilitate a new record-high number of solved issues,” Shih said. 

The press conference was followed by a luncheon attended by around 140 AmCham members and their guests, as well as special guest Minister of the National Development Council (NDC) Kung Ming-Hsin. Following a presentation by Shih, Minister Kung was invited to the stage to receive a copy of the White Paper on behalf of the Taiwan government.  

Chairperson Shih presents the 2023 Taiwan White Paper
to Minister Kung Ming-Hsin on behalf of the Taiwan government.

In his remarks, Kung expressed his gratitude to AmCham for its long-term support, and for providing advice on improvements to Taiwan’s investment environment and the strengthening of U.S.-Taiwan economic and trade relations. Kung responded to AmCham member requests for more meetings with the NDC saying that arranging meetings to discuss specific issues presented in the White Paper is definitely possible.  

Members of AmCham’s Board of Governors, Minister Kung and representatives
of the American Institute in Taiwan were present at the luncheon.

The 2023 Taiwan White Paper can be downloaded here: https://amcham.com.tw/advocacy/white-paper/

2023 Hsieh Nien Fan Highlights the Importance of Unity

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A record 800 members, guests, and central and local government officials gathered at the Taipei Marriott Hotel on April 19 to celebrate the American Chamber of Commerce in Taiwan’s 55th annual Hsieh Nien Fan banquet.

The Hsieh Nien Fan serves as a way for the Chamber to thank its partners in the Taiwan government for their cooperation and support. It also demonstrates the Chamber’s influence, vitality, and commitment to the U.S-Taiwan economic and trade relationship. A key message that echoed across the evening’s four speeches was that solidarity brings strength.

AmCham Taiwan Chairperson Vincent Shih delivered the opening remarks, urging Taiwan to take full advantage of the current “golden opportunity” represented by the U.S.-Taiwan 21st-Century Initiative negotiations that got underway last year on standards such as “good regulatory practice.” He encouraged Taiwan to “continue to innovate and expand its industries,” noting that “Taiwan must accelerate the speed of regulatory reform and create an open, investment-friendly, and agile business environment that puts it on the world map.”

Upholding a two-decades-long tradition, President Tsai Ing-wen provided the evening’s keynote remarks. She highlighted Taiwan’s position as the U.S.’ eighth-largest trading partner and its ranking as the fourth-freest economy in the world. Tsai also reiterated her government’s commitment to improving the business environment through “concrete actions and plans.” She specifically mentioned Taiwan’s energy transition, reporting that Taiwan “is now back on track to fulfill the goal of producing 20GW from solar power and 5.6GW from offshore wind by 2025.”

Tsai also thanked AmCham for its “staunch support” of a free trade agreement with the U.S., which she said her government hopes to explore once the 21st–Century talks have concluded. “Taiwan will not waver in our commitment to improving and maintaining the robust business environment,” the President said. “Despite the challenges from China, we have been and will continue to be cautious in our management of cross-Strait relations. We will not be the provocateur, and we will work with our democratic partners to support peace and stability in the Indo-Pacific and across the Taiwan Strait.”

Following President Tsai’s speech, newly appointed American Institute in Taiwan (AIT) Chair Laura Rosenberger emphasized the warm links between the U.S. and Taiwan, stressing Taiwan’s role in the global economy and as a force for good. She said the U.S. would continue to “promote Taiwan’s meaningful participation in international organizations and multi-stakeholder forums.” Rosenberger commended AmCham’s White Paper, which she described as “an essential tool for policymakers in Washington and Taipei alike.”

AIT Director Sandra Oudkirk’s address highlighted U.S.-Taiwan cooperation on diversity, equity, and inclusion, particularly pertaining to the role of women in business, government, and society. Oudkirk emphasized that “U.S. support for Taiwan is rock-solid, principled, and bipartisan” and that worries that Taiwanese companies’ investment in the U.S. would “hollow out” Taiwan’s economy are unfounded.

Besides President Tsai, a record number of high-ranking Taiwanese central and local government officials were also in attendance, including Premier Chen Chien-jen, Vice Premier Cheng Wen-tsan, Secretary-General to the President Lin Chia-lung, Secretary-General of the National Security Council Wellington Koo, Minister of Foreign Affairs Joseph Wu, Minister of Economic Affairs Wang Mei-hua, Minister of Health and Welfare Hsueh Jui-Yuan, Minister of the Interior Lin Yu-chang, Minister of Justice Tsai Ching-hsiang, Minister without Portfolio John Deng, and National Development Council Minister Kung Ming-hsin. Representation from local governments included Taipei Mayor Chiang Wan-an, Taichung Mayor Lu Shiow-Yen, Hsinchu Mayor Kao Hung-An, as well as Deputy Mayors from New Taipei, Kaohsiung, Tainan, and Taoyuan.

Read the 2023 Hsieh Nien Fan press release here.

AmCham Taiwan appreciates the support from the following member companies:

2023 Hsieh Nien Fan Remarks by Vincent Shih, Chairperson of AmCham Taiwan

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Taipei, Taiwan, April 19, 2023

(As Prepared)

President Tsai, AIT Director Oudkirk, Chairperson Rosenberger, Distinguished Guests, and my dear Chamber Members:

Good evening, and welcome to AmCham’s 55th annual Hsieh Nien Fan!

It’s my great pleasure to be with you tonight as we celebrate another successful year as Taiwan’s most influential international business organization. On behalf of the AmCham Board and our more than 1,100 members, I’d like to thank everyone involved in organizing this flagship event. Let’s give a round of applause for the unwavering support of staff, the Board of Governors and Supervisors, and stakeholders in making this evening possible.

Although we’ve held this event for 55 years, I can’t help but feel that this year is a bit special. The interest in our Hsieh Nien Fan was so great that we’re holding it at the Marriott for the first time to fit our record high 800 guests, who are all here because they believe in the power of collaboration – and definitely not for the free drinks we offered from the open bar outside!

But above all, this year is special because we find ourselves in a golden moment for business and international exchange. Our members’ continued dedication to the Taiwan market is a testament to the many opportunities available here. In fact, our Business Climate Survey shows that 88% of members plan to maintain or expand Taiwan investment – some by sponsoring the Hsieh Nien Fan.

The past year has not only seen investments in terms of dollars but also into the U.S.-Taiwan relationship – which, dare I say, is warmer than ever before.

The U.S.-Taiwan Initiative on 21st-Century Trade, the Economic Prosperity Partnership Dialogue, and the Taiwan Enhanced Resilience Act are great examples of how the relationship has flourished.

Perhaps on all of our minds this evening is President Tsai’s recent transit through Los Angeles, where she met with House Speaker Kevin McCarthy and a bipartisan group of congressional leaders. And as President Tsai commented during that event: “We are stronger when we are together.” This is true not only of the Taiwan-U.S. relationship but also of the Chamber.

I must also agree with Speaker McCarthy’s comment in early April: the U.S. and Taiwan must strengthen their economic cooperation, particularly with trade and technology. We look forward to even more investment, trade, and people-to-people exchanges in the coming years, and hope that a bilateral tax agreement, which would encourage more interactions, will soon be a reality.

As a devoted partner, AmCham offers our support to create substantial results from the 21st-Century talks. We recognize the need for decisive action to sustain Taiwan’s growth, and international trade agreements and streamlined regulations are critical components of that effort.

There has never been a better time to take action than now. Taiwan finds itself in a prime position to make use of the spotlight currently shining on it. At a time of division, fostering closer relationships with likeminded partners will help ensure strength through prosperity.

We hope that Taiwan takes full advantage of this year of opportunity and continues to innovate and expand its industries, propelling its economy toward the future it deserves. Taiwan must accelerate the speed of regulatory reform and create an open, investment-friendly, and agile business environment that puts it on the world map. By investing in energy stability and renewables, implementing good regulatory practice, and increasing the resilience of our supply chains, public healthcare, and digital infrastructure by adopting public cloud, we can create an environment where businesses and people thrive.

With that in mind, I want to take this moment to express our gratitude for the constructive relationship we enjoy with the Taiwan government. As you can see in the audience here tonight, the Taiwan government values engagement with industry. Among you sit approximately 140 government officials and representatives. They come from a wide range of agencies and roles, showcasing the broad support the Chamber enjoys, and we’re honored to have this opportunity to say thank you to each one of you in our Hsieh Nien Fan.

Although time unfortunately limits me from showing appreciation to each of our esteemed government guests individually, I want to thank the National Development Council and Minister Kung Ming-hsin. Thanks to your coordination efforts, we have yet again concluded a series of meetings to discuss the 2022 White Paper issues. The Chamber looks forward to working more closely with the government to foster a business environment that is investment-friendly and aligns with international standards.

Naturally, our Chamber would not have thrived into its 72nd year without the help of a second, critical government partner. AmCham is grateful to our good friends at AIT and the extraordinary support provided by Director Oudkirk. We are also honored to have AIT Chairperson Rosenberger as our special guest tonight, and we hope for more exchanges with you in the future.

I’d also like to give special mention to Amy Chang, who stepped in as AmCham’s President this spring on short notice. Amy plays an important role in keeping the Chamber stable and successful as we prepare to welcome a new Chamber President. We are very grateful for her commendable leadership in such a dynamic period of AmCham’s history.

Lastly, I want to extend my sincerest appreciation to Her Excellency President Tsai Ing-wen for joining us and delivering tonight’s keynote remarks. Since 2000, when the late President Lee Teng-hui gave the first presidential keynote speech at Hsieh Nien Fan, it’s been a tradition we have looked forward to every year. This is President Tsai’s seventh consecutive Hsieh Nien Fan, and we appreciate her support not only in her own attendance but also in bringing a great number of cabinet members to the occasion.

I would also like to congratulate President Tsai on receiving the Hudson Institute’s Global Leadership Award in late March. We too recognize your great courage and clear-eyed determination, as proven by the many achievements by you and your administration.

And a big thank you to everyone who took the time to attend our Hsieh Nien Fan. The Chamber looks forward to closer collaboration with you all in building strength through prosperity. I hope this night serves as a reminder of the things we can accomplish through dialogue and partnerships, and that the upcoming year will prove just how much stronger we are when we are together.  Thank you again and please enjoy this wonderful evening.

 

2023 Business Climate Survey Results Show Measured Confidence, Not Complacency

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AmCham Taiwan Chairperson Vincent Shih announced the results of the Chamber’s 2023 Business Climate Survey (BCS) on February 7 at a press conference held at the Shangri-la Far Eastern Hotel in Taipei. Around 20 media organizations were present at the event. Shih detailed the survey’s major findings, which were summarized in a 16-page report produced by AmCham. The report conveys the responses of 214 voting members, representing both international and domestic businesses, with most members holding upper management positions.

While overall confidence in Taiwan’s future economic performance decreased from its record high in 2022 to 71% in 2023, 88% said their companies were maintaining or even increasing investment in Taiwan. When asked about their confidence in the economy over the next three years, 79% expressed at lease some confidence, showing that the global economic headwinds companies are facing are believed to be short term.

Members also reported a decline in satisfaction with the regulatory environment. 46% say that Taiwan’s regulations are not updated in response to changing societal and economic needs, an increase of 11 percentage points from last year’s survey. Also in decline was the believed effectiveness of the Chamber’s White Paper meetings with the National Development Council – only five White Paper issues from 2021-22 were resolved.

Overall, Shih said, the BCS results reflect the consensus among member companies that Taiwan is an overwhelmingly positive environment for multinational companies. Additionally, member companies reported that a bilateral trade agreement with the United States would be of benefit to their organization, and are perhaps encouraged by the ongoing U.S.-Taiwan Initiative on 21st Century Trade talks. As a vital voice for the international business community in Taiwan with a stake in its future prosperity, AmCham is more than willing to aid in fostering and promoting Taiwan’s continued economic growth and deepen its trade relationship with the U.S. We encourage bold action from governments in Taipei and Washington, D.C. to make this a reality.

Answering questions from reporters, Shih noted that AmCham members’ continued investment in Taiwan mirrors record investment figures for 2022 recently released by the Investment Commission. He emphasized that recent heightened geopolitical tensions are not expected to dampen economic prospects, but that companies are being prudent in revising contingency plans.

A luncheon gathering followed the press conference. Following remarks from outgoing AmCham President Andrew Wylegala, Shih again presented the BCS results to an audience of 80 members and their guests. Newly-appointed deputy minister for foreign affairs, Dr. Roy Chun Lee shared some economic outlook predictions with guests, while the event concluded with some questions on the survey results and Dr. Lee’s presentation moderated by AmCham Standing Vice Chairperson Andrea Wu.

The survey report can be viewed and downloaded here.

Spotlight on Resilience #6: Homeland Security Investigations 101

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In this Webinar, Brian E. Sherota, Supervisory Special Agent of Homeland Security Investigations (HSI Taipei), will discuss the challenges and opportunities of opening HSI’s newest overseas office, providing AmCham members a rare opportunity to ask questions and know more about HSI’s investigative activities and liaison responsibilities for the public and private sector in Taiwan.

Resources:

HSI 101 – AmCham Spotlight on Resilience Webinar