Commerce Official Celebrates U.S.-Taiwan Trade at Signing Event
FOR IMMEDIATE RELEASE
October 14, 2022
Contact: Office of Public Affairs
WASHINGTON - The United States and Taiwan on Thursday, under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office (TECRO), witnessed multiple signing ceremonies to celebrate a number of commercial partnerships between U.S. and Taiwan companies.
These commercial partnerships help advance key Administration priorities in the areas of clean energy and the digital economy, showcasing U.S.-Taiwan private sector cooperation on clean energy transition, 5G supplier diversity, and OpenRAN adoption, which will further expand U.S.-Taiwan economic partnerships.
The Department of Commerce launched its Technology Trade and Investment Collaboration (TTIC) framework in December 2021 to strengthen critical supply chains and technology sectors by increasing investment and trade with Taiwan. Among other lines of effort, TTIC aims to leverage synergies between existing U.S. and Taiwan technology ecosystems in sectors such as renewable and sustainable energy, as well as next-generation telecommunications.
“The close commercial and investment ties between the United States and Taiwan support good future-orientated jobs and contribute to our mutual prosperity,” said Assistant Secretary Arun Venkataraman.
About the International Trade Administration
The International Trade Administration (ITA) at the U.S. Department of Commerce is the premier resource for American companies competing in the global marketplace. ITA has more than 2,200 employees assisting U.S. exporters in more than 100 U.S. cities and 75 markets worldwide. For more information on ITA, visit www.trade.gov.