AIT events will pro­mote in­vest­ment in US

The China Post - - LOCAL -

The Amer­i­can In­sti­tute in Tai­wan (AIT) will hold events in Taipei and Kaoh­si­ung later this week in an ef­fort to pro­mote in­vest­ment in the United States.

From Wed­nes­day to Thurs­day, the AIT will lead a Selec­tUSA In­vest­ment Road Show to Taipei and Kaoh­si­ung, show­cas­ing in­vest­ment op­por­tu­ni­ties in the U.S., ac­cord­ing to a state­ment is­sued by the AIT, which rep­re­sents U.S. in­ter­ests in Tai­wan in the ab­sence of bi­lat­eral diplo­matic ties.

It is the first of its kind to be or­ga­nized by the AIT, and is “part of a broader ini­tia­tive to at­tract for­eign di­rect busi­ness in­vest­ment into the United States by qual­i­fied en­ter­prises, ei­ther through merger and ac­qui­si­tion or green-field in­vest­ment,” the AIT said.

Rep­re­sen­ta­tives from the states of Idaho, Mary­land, Penn­syl­va­nia and Vir­ginia, as well as McKin­ney City in the state of Texas, will in­tro­duce in­vest­ment and com­mer­cial op­por­tu­ni­ties in their re­spec­tive lo­ca­tions, it said.

Mean­while, rep­re­sen­ta­tives of Tai­wanese busi­nesses will learn about in­cen­tives in the ar­eas of tax­a­tion, land ac­qui­si­tion, li­cens- ing and lo­gis­tics, as well as tal­ent re­cruit­ment and the ad­van­tages of con­duct­ing re­search and de­vel­op­ment in the U.S., among oth­ers, it added.

The Selec­tUSA Road Show events will also fea­ture one-onone meet­ings be­tween rep­re­sen­ta­tives of the par­tic­i­pat­ing U.S. states and Tai­wanese busi­nesses, the AIT said.

Tai­wan is among the top 30 in­vestors in the U.S., with for­eign di­rect in­vest­ment (FDI) near­ing US$10 bil­lion, ac­cord­ing to the latest U.S. Com­merce Depart­ment sta­tis­tics.

“Tai­wan com­pa­nies

are

sig- nif­i­cant R&D in­vestors and have been ea­ger to di­ver­sify their eco­nomic foot­print and grow their FDI in the U.S.,” the AIT said, adding that the Selec­tUSA ini­tia­tive strives to cre­ate pros­per­ity for the peo­ple and busi­nesses of both Tai­wan and the U.S.

U.S. Pres­i­dent Barack Obama es­tab­lished the Selec­tUSA ini­tia­tive in June 2011, paving the way for the fed­eral gov­ern­ment to show­case the U.S. as the world’s premier busi­ness lo­ca­tion and to pro­vide easy ac­cess to fed­er­al­level pro­grams and ser­vices re­lated to busi­ness in­vest­ment, the AIT said.

Rep­re­sen­ta­tives of Citizen of the Earth, Tai­wan, speak at a press con­fer­ence, yesterday. They said that the gov­ern­ment has not learned any lessons from last year’s tragic gas ex­plo­sions in Kaoh­si­ung. On the one-year an­niver­sary of the gas ex­plo­sion, the or­ga­ni­za­tion stated that it is un­ac­cept­able for the gov­ern­ment to refuse to re­lease in­for­ma­tion about the routes of 89 pipe­lines. Citizen of Earth, Tai­wan is call­ing for bet­ter risk man­age­ment in the fu­ture.

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