AIT events will promote investment in US
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.
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.