**US-Taiwan Business Council Annual Reception Spotlights Growing Bilateral Cooperation**.
**Washington, D.C., Feb. 1, 2023** – The US-Taiwan Business Council (USTBC) held its annual reception in Washington, D.C., on January 31, 2023, highlighting the growing economic ties and cooperation between the United States and Taiwan..
The reception was attended by a diverse group of government officials, business leaders, and representatives from the diplomatic community. The event provided a platform for attendees to exchange views on the latest developments in the bilateral relationship and explore opportunities for further collaboration..
In his keynote address, USTBC President Rupert Hammond-Chambers emphasized the importance of the US-Taiwan relationship and the Council’s role in fostering economic cooperation. He highlighted the significant growth in bilateral trade and investment in recent years and called for continued efforts to strengthen the economic partnership..
Hammond-Chambers also expressed USTBC’s support for Taiwan’s participation in international organizations, such as the World Health Organization (WHO) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). He argued that Taiwan’s exclusion from these organizations not only harms Taiwan but also undermines the effectiveness of these institutions..
Taiwan’s Minister of Economic Affairs Wang Mei-hua, who attended the reception as a guest of honor, expressed her appreciation for USTBC’s efforts to promote economic ties between the two countries. She emphasized Taiwan’s commitment to free and fair trade and its desire to work with the United States to address global economic challenges..
In addition to the keynote speeches, the reception featured a panel discussion on the future of the US-Taiwan economic relationship. The panelists, representing the business, government, and academic communities, discussed the key drivers of economic cooperation, the challenges and opportunities in various sectors, and the importance of strengthening supply chain resilience..
The panel highlighted the growing convergence of interests between the United States and Taiwan, particularly in areas such as semiconductors, clean energy, and digital technology. The panelists emphasized the need for both sides to continue working together to create a more prosperous and secure economic future for both countries..
The US-Taiwan Business Council Annual Reception is a key event in the bilateral economic relationship. It provides a valuable opportunity for stakeholders to engage with each other, exchange ideas, and explore ways to enhance cooperation between the two countries..
The reception this year was particularly significant as it took place against the backdrop of heightened tensions in the Taiwan Strait. The event served as a reminder of the importance of maintaining strong economic ties between the United States and Taiwan and the need to work together to address shared challenges and promote regional stability and prosperity..
