Nevada and Taiwan

  • Building on Strong Trade Ties

    In 2016, Nevada’s exports to Taiwan reached $46.3 million, making Taiwan Nevada’s 8th largest export market in Asia. Nevada companies have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Key Market for Innovation

    As Nevada grows its business IT eco-systems and clean energy industry, it has much to gain through enhancing trade ties with Taiwan. A strong trade relationship with Taiwan’s growing IT and clean energy industry will not only help Nevada increase its exports to Taiwan, but also promote bilateral cooperation in innovation. Taiwan’s hi-tech sectors can effectively integrate R&D operations and supply chains stretching from Nevada, via Taiwan, into Mainland China and Southeast Asia.

  • Bringing New Trade and Investment Opportunities to the Great State of Nevada
    The computer and electronics and many other sectors important to Nevada’s economy are poised to benefit from partnership with Taiwan. A trade agreement between both Taiwan and the United States will lift tariffs and increase the bilateral trade, effectively creating demand for U.S. exports.

    Closer investment ties will also bring in more investment that will support the local economy. Nevada has attracted $9 million in investment from Taiwanese companies (by July 2012), according to the Investment Commission of the Ministry of Economic Affairs. This includes Amexcom Electronics which is based in Carson City. More investment could equate to more jobs. The U.S. International Trade Administration reports that in 2010, foreign invested firms were responsible for almost 4% of the state's total private industry employment, and employed 37,900 Nevada workers.

    Taiwanese companies have created thousands of jobs in Nevada, and there is still significant potential for Taiwanese enterprises to boost investment and create more jobs in Nevada.

     

  • Opening Up A Region of Opportunity

    Taiwan serves as an ideal partner for U.S. business in Asia. Taiwan has complete industrial supply chains, high concentration of industrial clusters, and a consolidated manufacturer base. The World Economic Forum ranked Taiwan's industrial cluster infrastructure first in the world in its "World Competitiveness Report 2014" for the ninth consecutive year. This is reflected in Taiwan's comprehensive protection of intellectual property rights, sound legal system, and modern infrastructure.

    Furthermore, the Economic Cooperation Framework Agreement (ECFA) signed between Taiwan and Mainland China in 2010 has opened up opportunities in Mainland China. Businesses can now collaborate with innovative Taiwanese companies and leverage ECFA to utilize Taiwan as a gateway to Mainland China and other fast-growing Asian markets.

  • 2016 Nevada Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Computer and Electronic Products

    $24.41

    52.7%

    Transportation Equipment

    $5.57

    12.0%

    Miscellaneous Manufactured Commodities

    $3.40

    7.3%

    Machinery, except Electrical

    $2.74

    5.9%

    Others

    $10.18

    22.0%

     
  • Forging a Stronger Partnership for Growth

    Vibrant Nevada-Taiwan relations hold great promise for both our companies and workers. We look forward to working together with you to forge a mutual partnership in prosperity.

    Nevada and Taiwan Trade Facts

    • 8th largest export market of Nevada in Asia is Taiwan
    • $46.3 million: Nevada's exports to Taiwan in 2016
    • 10th: Taiwan's ranking in bilateral trade in the U.S. in 2016

    Trade and Investment Factsheet

    Click here for your copy of the Taiwan-Nevada trade and investment factsheet.



    Business Contacts

    Taipei Economic Cultural Office in LA, Commercial Division

    • 3660 Wilshire Blvd.
      Suite 918
      Los Angeles, CA 90010
    • Tel: (213) 380-3644
    • (213) 380-3644

    Taiwan Trade Center


    Taiwan External Trade Development Council


    U.S. Commercial Service