Rhode Island and Taiwan

  • Building on Strong Trade Ties

    In 2015, Rhode Island’s exports to Taiwan reached $39.5 million. Taiwan is Rhode Island’s 2nd largest export market in Asia, and 7th largest export market in the world. Rhode Island companies have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Market for Metal and Machinery and Investing in Rhode Island

    Enhancing trade ties with Taiwan will help Rhode Island increase its metal and machinery products and other commodity exports to Taiwan and create jobs in the state. According to the U.S. Department of Commerce, exports sustain close to 2,000 of Rhode Island businesses. In 2010, foreign-invested companies also employed around 26,000 Rhode Island workers. Currently the biggest Taiwanese investment in the state comes from EngiTek Inc., an environmental engineering consultant; other Taiwanese investments are involved in restaurant business. There is significant potential for Taiwanese enterprises to boost investment and create jobs in Rhode Island and vice versa.

    On January 31, 2013, Rhode Island’s State Senate and House both voted for a resolution supporting the United States to sign a free trade agreement (FTA) with Taiwan. Rhode Island’s businesses would enjoy immediate benefits from the signing of a free trade agreement between U.S. and Taiwan, which would eliminate tariffs on most industrial products and increase Taiwanese demand for U.S. goods.

  • 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.

  • 2015 Rhode Island Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Primary Metal

    $21.91

    55.4%

    Chemicals

    $5.31

    13.4%

    Machinery, except Electrical

    $3.4

    8.6%

    Computer and Electronic Products 

    $1.86

    4.7%

    Others

    $7.05

    17.8%








  • Forging a Stronger Partnership for Growth

    Vibrant Rhode Island-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.

Rhode Island and Taiwan Trade Facts

       
  • 2nd: largest export market of Rhode Island is Taiwan
  • $39.5 million: Rhode Island's exports to Taiwan in 2015
  • 9th: Taiwan's ranking in bilateral trade with the U.S. in 2015

Trade and Investment Factsheet

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



Business Contacts

Taipei Economic Cultural Office in Boston

  • 99 Summer Street
    Suite 801 Boston, MA 02110
  • Tel: (617) 737-2050
  • Fax: (617) 737-1260
  • teco@tecoboston.org

Taiwan External Trade Development Council


U.S. Commercial Service