2015 US Trade Day Brings Together Businesses from Both Sides of the Pacific

August 6, 2015

 

Since the U.S. Trade Day was launched in 2012, the annual trade event has continued to grow in scope. This year marks the first time that TAITRA has partnered with both the American Institute in Taiwan (AIT) and the American State Offices Association (ASOA) to organize the event. Taiwan's Ministry of Economic Affairs invited government officials from the economic development offices of 5 U.S. states (Idaho, Utah, Pennsylvania, Maryland and North Carolina) to present investment opportunities, and 15 buyers and 9 sellers from 10 states throughout the United States to take part in the annual trade event.

The event -- which included 12 video conferences prior to the event and 250 in person company meetings -- was well received by the attendees, and was estimated to have generated as much as 416 million USD in business. Mr. Park from AP Emission Technologies in North Carolina noted that the suppliers that TAITRA had recommended at the event met their needs, and the business that they have done through this event were much more fruitful than past trade shows they attended in Asia. Ms. Wagnor from Kansas state's custom orthotics business MidStar Lab had heard much about Taiwan's high quality footwear, but this was her first time to procure in Taiwan. Impressed with the selection, the company has listed Taiwan as a top choice for partnering with the U.S. government for procurement. Mr. Camp, manager of Pennsylvania's Weis Market was very positive of the high efficiency of TAITRA and its event, and was able to secure a supplier for its product packaging, and was already looking forward to next year's event. Other happy attendees included the personal care product company Arbonne and COC Aerospace who both were able to target their needs at the event, and were looking forward to the event next year.

United States is Taiwan's second largest trading partner, and companies from both sides have established a deep business partnership. The annual U.S. Trade Day is an embodiment of that strong bilateral partnership. Director of the American Institute in Taiwan (AIT) Kin Moy commented that as the United States' 10th largest trading partner, Taiwan's bilateral trade with the United States exceeded U.S. trade with India and Italy. He looks forward to working together to remove trading barriers and build a brighter and more successful economic future between both sides.