Taiwan has once again sent the largest foreign delegation to this year’s SelectUSA Investment Summit, with 113 Taiwanese companies and a record 207 representatives attending the annual US investment event, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said on Sunday.
This year’s summit, organized by the US Department of Commerce, opened on Sunday in Maryland and runs through tomorrow.
Speaking at a reception hosted by Taiwan’s representative office in Washington, Kung said Taiwan was the largest of the foreign delegations, as it has been for the past four years.
Photo courtesy of the National Development Council
US Undersecretary of Commerce for International Trade William Kimmitt, who attended the reception, praised Taiwan’s strategic role in global industry.
Kimmitt said a Taiwan-US investment cooperation memorandum signed in January was not simply a trade agreement, but one that reshaped bilateral strategic and economic ties based on trust and shared strengths.
“Taiwan knows how to build,” Kimmitt said.
Taiwan has built “a reputation for execution — not simply announcing plans, but delivering results. That is why this agreement is so important,” he said.
Under the pact, Taiwan would facilitate US$250 billion in private-sector investment in sectors such as semiconductors and artificial intelligence, while also providing up to US$250 billion in government-backed credit support.
Before the summit, Kung led a delegation to Arizona, where Taiwanese officials agreed with state and city officials to establish a trade and investment service center and a single-window mechanism to assist Taiwanese investors.
Kung visited Taiwan Semiconductor Manufacturing Co’s (台積電) Arizona facilities and said construction was progressing rapidly, with parts of the supply chain already taking shape.
Commenting on a US Supreme Court ruling limiting US President Donald Trump’s tariff authority, Kung said Taiwan remains in close contact with US trade officials and both sides hope to preserve already negotiated outcomes.
Kung said avoiding double taxation remains a key issue for Taiwanese firms investing in the US, adding that he would meet with US officials and senators to push for Senate consideration of a US-Taiwan double-tax relief bill already passed by the House.
Meanwhile, National Development Council Minister Yeh Chun-hsien (葉俊顯) said Taiwan’s National Development Fund would launch a financing guarantee program for Taiwanese firms investing in the US later this month, with an initial credit allocation of US$50 billion.
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