Maryland: Raymond Greene, director of the American Institute in Taiwan (AIT), emphasized the importance of Taiwanese companies in achieving President Donald Trump's re-industrialization goals for the United States. Greene made these remarks during a reception for Taiwan's delegation at the U.S. Department of Commerce's 2025 SelectUSA Investment Summit, taking place in Maryland from Sunday to Wednesday.
According to Focus Taiwan, Greene pointed out that a decade ago, 80 percent of Taiwan's foreign investment was directed towards the People's Republic of China. However, in 2024, the United States became the leading recipient of Taiwan's foreign investment. Greene highlighted the pivotal role Taiwanese companies played in China's industrialization three decades ago and expressed similar expectations for their contribution to the U.S.'s re-industrialization efforts under President Trump.
The AIT has actively supported the increasing interest of Taiwanese companies in the United States, particularly in sectors such as semiconductors, AI, and quantum technology. Greene noted that the Taiwan delegation to the 2025 SelectUSA summit was the largest among all participants.
Cabinet Secretary-General Kung Ming-hsin and Economics Minister Kuo Jyh-huei also addressed the reception, urging the U.S. Congress to pass legislation to prevent double taxation between Taiwan and the U.S. The United States-Taiwan Expedited Double-Tax Relief Act has already been approved by the U.S. House of Representatives and awaits the Senate's approval and the president's signature to become law.
Last week, Taiwan's Cabinet announced that the delegation to the 2025 SelectUSA Investment Summit would include representatives from various industries, including ICT, semiconductors, AI, chemical engineering, biotechnology, smart manufacturing, aerospace, and financial services.
