Vermont and Taiwan

  • Building on Strong Trade Ties

    In 2016, Vermont’s exports to Taiwan reached $95.77 million, making Taiwan Vermont's 5th largest export market in Asia. Vermont companies have substantial opportunities to expand their business and cooperation with Taiwan.

  • Growing a Market for Electronic Products

    Enhancing trade ties with Taiwan will help Vermont increase its export sector and boost the economic growth in the state. Vermont's largest merchandise export category in 2012 was the computer and electronic products, which Taiwan imported $138.57 million in 2012, accounting for 95% of Taiwan's imports from the state.

    On April 3, 2013, Vermont's State House of Representatives voted for a resolution supporting the United States to sign a free trade agreement (FTA) with Taiwan and also supporting Taiwan to join the ongoing Trans Pacific Partnership trade talks. Vermont'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.

    Enhancing trade ties with Taiwan will help Vermont increase its computer and other hi-tech exports to Taiwan and promote bilateral cooperation in innovation. There is significant potential for Taiwanese enterprises to boost investment and create jobs in Vermont and vice versa.

  • 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 Swiss-based International Institute for Management Development's (IMD) 2012 World Competitiveness Yearbook ranked Taiwan seventh in the world in terms of overall competitiveness and fifth in government efficiency. 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 Vermont Exports to Taiwan

    PRODUCT

    VALUE (Million USD)

    %

    Computer and Electronic Products

    $91.54

    95.6%

    Electrical Equipment and Appliances

    $1.05

    1.1%

    Chemicals

    $0.88

    0.9%

    Fabricated Metal Products

    $0.50

    0.5%

    Others

    $1.79

    1.9%


  • Forging a Stronger Partnership for Growth

    Vibrant Vermont -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.

Vermont and Taiwan Trade Facts

  • 5th largest export market of Vermont in Asia is Taiwan
  • $95.77 million: Vermont's exports to Taiwan in 2016

Trade and Investment Factsheet

Click here for your copy of the Taiwan-Vermont 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