The 2001 Joint Conference of the ROC-USA and US-ROC Business Councils (中美工商聯合會), scheduled to be held in Boston Sept. 17 to 19, has been canceled for safety reasons in the wake of Tuesday's terror attacks in the US, sources from the US-ROC Business Council said Wednesday.
In consideration of the safety of the more than 500 government officials, lawmakers, and business and industrial heavyweights from Taiwan and the US who were scheduled to take part in the annual event, the US-ROC Business Council decided to call off the meeting after consulting with officials from the ROC-USA Business Council, said an official from the US-ROC Business Council.
Frank Carlucci, chairman of the US-ROC Business Council, said he is deeply disappointed with the development, especially after both business councils spent so much time and effort preparing for the annual conference.
Noting the seriousness of the current safety situation in the US after the deadly attacks on the World Trade Center in New York City and the Pentagon in Washington Carlucci told his counterpart in Taipei, Wang Chung-yu (
This marks the first time ever that the annual Joint Conference of the ROC-USA and US-ROC Business Councils, an important mechanism helping foster bilateral business and industrial exchanges between the US and Taiwan, has been canceled since its inception 25 years ago.
Meanwhile, Taiwan's Minister of Economic Affairs, Lin Hsin-yi (林信義), who was previously scheduled to leave for the US Sunday to take part in a series of trade-promotion activities, was forced to cancel his plans in the wake of the apparently coordinated terrorist attacks that brought down the symbol of America's financial power and caused catastrophic damage to a portion of the building that houses the US military's nerve center.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
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