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AmCham Taiwan Releases its 2022 White Paper

Nearly 40 reporters from local and international media outlets converged at the Regent Taipei on June 22 as AmCham announced the release of its 2022 Taiwan White Paper. The press conference, led by AmCham Taiwan Vice Chairperson Andrea Wu and President Andrew Wylegala, was followed by a special luncheon for members and their guests.

Wylegala opened the event by highlighting the importance of the White Paper and its 26-year history as the Chamber’s signature annual advocacy document representing the interests of the Taiwan business community, as well as a platform for AmCham to articulate its vision for U.S.-Taiwan bilateral economic relations. Additionally, Wylegala expressed optimism regarding future trade relations and highlighted many promising trade initiatives involving Taiwan and the U.S., such as the U.S.-Taiwan Initiative on 21st Century Trade, the Technology Trade and Investment Collaboration (TTIC) framework, and multilateral agreements on digitalization and chip supply chains. 

In her remarks, Wu touched on important topics from this year’s White Paper, including AmCham Taiwan’s extended multi-track advocacy strategy and members’ requests for fast-tracking digitalization, accelerating the reopening of borders, reducing double taxation, and driving sustainability. 

Wu stressed that Taiwan currently finds itself in a “golden moment” of international attention and goodwill following its impressive economic performance and international contribution during the pandemic, but that it must do more to ensure that its hard efforts are not in vain. In this year’s White Paper, AmCham members urged Taiwan to speed up its digital transformation, enhance bilingualism, and address energy concerns to better facilitate international trade and investment.

During the media Q&A session, Wu noted that the overall tone of 2022 White Paper’s is more urgent and direct than in the past because the number of committee issues that had been resolved in the last year fell in comparison to the year before. AmCham members hope Taiwan can accelerate the pace of its reform and development and seize the golden opportunity presented to it in the post-pandemic world.

Wu also voiced hope that the government would further promote the Gold Card visa program and review and update its 2030 Bilingual policy to attract more foreign talent. Meanwhile, Wylegala stressed the importance of training and circulating specialized labor, naming the Talent Circulation Alliance as an initiative with significant potential. He also noted that “talent is key to our member companies and our future.”

The press conference was followed by a luncheon attended by around 120 AmCham members and their guests, as well as special guest Deputy Minister of the National Development Council Kao Shien-quey. Following a presentation by Wylegala and Wu, Kao was invited to the stage to receive a copy of the White Paper. In a speech, she expressed her gratitude to AmCham for its long-term advice on improvements to Taiwan’s investment environment and for supporting the strengthening of U.S.-Taiwan economic and trade relations. 

Kao noted that the recently announced U.S.-Taiwan Initiative on 21st Century Trade is a historic breakthrough in Taiwan-U.S. relations and requested AmCham’s assistance in steadily advancing the objective of negotiating a bilateral trade agreement. The minister cited a number of recent government initiatives that address some of AmCham members’ most pressing issues, including energy stability, digitalization, and the reopening of borders. 

Finally, Kao thanked AmCham for its long-term support and assistance to Taiwan. “At this critical moment for Taiwan-U.S. relations, the Chamber plays an even more important role than before,” she said.

 

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2022 Taiwan White Paper: Overview

AmCham Taiwan Hosts 2021 White Paper Press Conference

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.

2021 Taiwan White Paper: Overview