AmCham Taiwan’s Post

Watch the latest 'Week in Focus' below as Executive Director Jackie King GCB.D outlines what businesses should closely monitor following this week's meeting between US President Biden and Chinese President Xi. 🔎⬇ #businessleaders #competitiveness #internationalbusiness Ibec Danny McCoy Fergal O'Brien Sharon Higgins Liam O'Donoghue  Maeve McElwee Paula Cain

U.S. Representatives Introduce the U.S. Trade Leadership in the Indo-Pacific Act "Ted Osius, Ambassador (ret.) of the US-ASEAN Business Council commended Rep. Miller's leadership in revitalizing U.S. trade policy in Asia and underlined the importance of engaging with Southeast Asian markets to strengthen America's global trade position. The introduction of the U.S. Trade Leadership in the Indo-Pacific Act reflects bipartisan efforts to address the challenges posed by China's economic influence and reaffirm America's commitment to trade leadership in the region." https://lnkd.in/gzqSvNzP

The 2023 CIIE marked a significant turning point in US-China trade relations, with the largest and highest-level US delegation in attendance since the event's inception. Our latest blog post dives deep into the USA-China relations showcased at the event and at the recent Xi-Biden meeting in San Francisco. 🚀 Explore how this pivotal moment impacts global trade and sets the stage for future engagements between these powerhouse nations. Stay tuned for a nuanced exploration of what this means for businesses navigating this evolving landscape. 👉 Read the full insights here: 🔗 https://lnkd.in/e2Kg8aRt #CIIE2023 #USChinaRelations #TradeInsights #XiBidenMeeting

Sarah Bianchi has been a longtime policy aide to a string of leading Democrats, including her most recent role as President Biden’s Deputy U.S. Trade Representative where she oversaw negotiations for the #trade portion of the Indo-Pacific Economic Framework. In this interview with Bob Davis — part of our ‘Rules of Engagement’ series — she talks about why the U.S. needs to be on high alert when dealing with China, and how the Biden administration’s approach has differed from its predecessor. “Initially, I thought the job would be very much focused on China. In the early days, I engaged with my Chinese counterpart to see if we could have the Chinese make good on some of the Phase One agreement commitments.” “It quickly became clear that they weren’t going to meet the terms of that deal in really any way and in fact were asking for concessions in negotiations that had nothing to do with the deal.” “Then it became a much more complicated relationship. The job ended up being much more about strengthening alliances in the region.” “The second thing that surprised me was how much the #energy transition was on people’s minds, no matter where you went.” “For example, Korea’s role in the #EV battery space is so critical. You go to Malaysia and they’re talking about their rare earths. Also, how do countries experience the IRA?” - Was there ever an effort to try for a Phase Two agreement? - “I think a number of trade deals [under Trump] were more bluster than substance.” “For example, with Korea, [and the U.S.-Korea Free Trade Agreement], it was, ‘We’re gonna to pull out; it’s terrible.’ Then they went into a whole set of negotiations and made a few cosmetic changes to the deal.” “[With the Phase One deal], it’s not that there was this big juggernaut of substance that we could build on. What the Biden administration did right was to reengage with allies in the region and with #Taiwan in a really important way.” “With regard to China, we focused on priorities that were consistent with the priorities that Biden was making throughout the government — an emphasis on high #technology, an emphasis on the #semiconductor industry, and the energy transition. To me, that ‘small yard, high fence’ approach felt like a more strategic path forward.” For the full interview, follow the link below: 

Duh. But what Xi and Biden delivered was ... some stabilising and the prospect of more stabilising going forward in a very unstable, unpredictable commercial and economic state of affairs. It is clear that in the near future, the US will not investigate or audit US investments into China (non-sanctioned industries) but they will not promote it either, or help these companies out when anti-China US protests break out.

#internationalbusiness #wto #internationaltrade Young Trade Leaders Programme If I would be a young International Business specialist, I’d definitely apply. Great initiative for those who want to learn more about international trade!

The lack of significant trade developments in three high-level summits focused on the Asia-Pacific region reveals a crack in President Joe Biden's ambition to launch a new era of economic relations with the East. https://lnkd.in/eedaFdyu

A great event for businesses of all sizes to learn about the value of Michigan and the exports we have, along with optimizing international trade. Let me know if you are interested and I will send more information! #multinationals #michiganbusiness #globaltrade

Titled "Mexico's Competitiveness as a Strategic Trade Partner", the latest Milken Institute report combines findings from our Global Opportunity Index (GOI) with Mexican state-level data, unveiling a unique perspective on Mexico’s strengths and weaknesses at the national and sub-national levels. “Mexico has long been a key trade partner for the United States, with the value of imports exceeding US$ 463 billion in 2022,” said report author Maggie Switek, PhD, Director of Regional Research at the Milken Institute. “Recent geopolitical events and global supply chain challenges have made it an opportune moment for the US to amplify its trade partnership with Mexico. Our findings show the high remaining potential of capitalizing on this partnership.” Read the release: https://lnkd.in/gRQafxks Read the report: https://lnkd.in/gRQafxks #USMexico #USMCA #Trade #Manufacturing #Industry #Collaboration

If you missed our webinar with the British Chamber of Commerce about trading with the US you can watch the recording here