The U.S.-Taiwan relationship is very interlocked. For example, more than 600 Taiwanese companies have operations in the United States, which annually creates 500,000 U.S. jobs through trade and investment (“Bringing back ‘stolen’ jobs,” Web, Aug. 15).
Taiwanese companies have a strong history of investment in the United States. Cumulative foreign direct investment from Taiwan in the United States from 1952 through February 2013 reached $13.16 billion. Taiwanese companies support American jobs and exports in the financial services, biotechnology, agricultural and food manufacturing, and chemicals sectors, among many others. Bilateral trade between the United States and Taiwan reached $66.6 billion in 2015, making Taiwan the United States’ ninth largest trading partner.
Leading Taiwanese companies invest in the United States to draw on established U.S. management expertise, capable U.S. engineers, and cutting-edge U.S. innovation. With operations from the West Coast industrial clusters to the mid-Atlantic research-and-development hubs, major Taiwanese companies continue to invest in the United States and contribute to the growth of the American economy.
As a dynamic and longtime U.S. ally devoted to regional peace and stability, Taiwan is a true partner with whom we share great mutual economic and political interests.
Advisory commissioner, Overseas Community Affairs Council of Republic of China (Taiwan) in the United States
Potomac Falls, Va.