Utah and Taiwan

  • Building on Strong Trade Ties and Partnerships

    Utah and Taiwan have a long history of strong ties. In 2015, Utah’s exports to Taiwan reached $710.3 million, making Taiwan Utah’s 3rd largest export market in Asia, and 6th largest export market in the world. The bilateral trade volume has also increased 42% between 2013 and 2014.

    In 2012, Taiwan and Utah celebrated their 32nd anniversary of the sister state relationship between Taiwan and Utah. Utah has always been a strong supporter of Taiwan and both sides have looked for ways to further the strong partnership. On February 25, 2013, the Utah State Legislature passed a joint resolution reaffirming their sister-state friendship with Taiwan, and called on President Obama and the U.S. Congress to support the signing of a free trade agreement between Taiwan and the United States.

    Enhancing trade ties with Taiwan will help Utah increase its computer and other hi-tech exports to Taiwan and promote bilateral cooperation in innovation. A free trade agreement would also further lift tariffs and increase the bilateral trade, expanding Utah companies' exports. More than 3,000 companies in Utah export products, and 85.9% of these are small and medium size companies with less than 500 employees.

  • Investing Jobs and Opportunities in the Great State of Utah

    According to the Investment Commission of the Ministry of Economic Affair (MOEAIC), by July 2012, Taiwan had invested more than $48.8 million into Utah by July 2012 in the electronic component manufacturing, medical equipment and biochemical industries. In 2010, foreign invested companies employed almost 30 thousand Utah workers, closer economic ties could lead to more Taiwanese investment and more jobs.

  • 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 Utah Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Computer and Electronic Products

    $601.55

    84.7%

    Food Manufactures

    $47.16

    6.6%

    Chemicals

    $24.87

    3.5%

    Machinery, except Electrical

    $11.81

    1.7%

    Others

    $24.94

    3.5%


  • Forging a Stronger Partnership for Growth

    Vibrant Utah-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.

Utah and Taiwan Trade Facts

  • 3rd largest export market of Utah is Taiwan
  • $710.3 million: Utah's exports to Taiwan in 2015
  • 5% growth in Utah exports to Taiwan from 2014 to 2015

Trade and Investment Factsheet

Click here for your copy of the Taiwan-Utah 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