Taiwan-affiliated firms invested $47 billion in the United States. Trade and investment with Taiwan supports 373,288 well-paid American jobs in all 50 states.
The most recent available statistics (2018) show that two-way trade between Taiwan and the United States reached $76 billion, a new high for the bilateral relationship. Taiwan is the 11th largest trading partner for the United States overall, ranking higher for example than significant economies (and Group of 20 members) Brazil and Australia. Despite its small size, Taiwan is the 15th largest export market in the world for U.S. goods, and the 9th largest purchaser of U.S. agricultural products. The United States is Taiwan’s third largest trading partner and a leading destination for Taiwan’s overseas investors. Based on U.S. data for exports to Taiwan plus U.S. investments by Taiwan-affiliated companies as surveyed, this booklet shows that trade and investment with Taiwan supports 373,288 well-paid American jobs in all 50 states and in several key territories.
This booklet, now in its third edition and updated with statistics for 2018, details the significant contributions by Taiwan to U.S. prosperity, innovation and growth. The data show how U.S. trade and investment relations with Taiwan bring benefits to the entire U.S. by creating jobs, making innovations possible, and helping U.S. firms to be more globally competitive and successful. The examples of Taiwan-affiliated companies included in this booklet show clearly that the U.S.-Taiwan trade relationship is both mutually beneficial and highly productive.
Beyond the numbers, this booklet documents the strong ties that have grown over the decades between Taiwan and the United States. As we observe in 2019 the 40th anniversary of the Taiwan Relations Act, which established the basic framework for conducting U.S. and Taiwan ties, we are reminded how deep the bilateral trade, commercial and people-to-people relationships run. Such ties now cross generations, establishing an enduring partnership for years to come.
As the United States considers negotiating bilateral trade agreements with countries in the Asia Pacific such as Japan and economies in Southeast Asia, Taiwan is the vital link in the center of the region. Taiwan connects global supply chains and economic activities so that all work together. Taiwan is committed to negotiating a comprehensive, high-standard, 21st century bilateral trade agreement with the United States. This booklet shows the strong foundation that is in place between the two countries, and how much more we can accomplish as we look to build even closer economic relations in the future.
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