To assist the non-woven fabric industry in deploying overseas, understanding the U.S. investment environment, and also enable the U.S. state governments to understand the needs of our industry, the Bureau of Foreign Trade (BOFT) held the "Non-woven anti-epidemic material industry's investment environment forum in the United States" on March 17.
The forum was chaired by Deputy Director General Chih-hung LIU. The Taiwan Nonwoven Fabrics Industry Association and its members were invited to participate. This was the second forum held by the BOFT for non-woven anti-epidemic material companies on investing in the United States. During the forum, representatives from the U.S. state governments answered relevant questions raised by the industry.
At the forum, representatives of Idaho, South Carolina, Washington, Wyoming and New Mexico from the American State Offices Association (ASOA) in Taiwan explained the investment environment, tax incentives and other information in each state. The American Institute in Taiwan (AIT) also elaborated the preliminary plans for the SelectUSA Investment Summit to be held this year, which Taiwan companies could take into consideration while formulating investment strategies.
From January to December 2020, Taiwan exported US$114.52 million worth of face masks. The United States was Taiwan's second largest export destination for face masks, with exports totaling US$22.46 million, which accounted for 19.61% of total exports. Thus, the market size of the U.S. should not be underestimated.
Deputy Director General Chih-hung LIU
Tel: (02) 2397-7109, 297-7198
Section Chief Chen-Yuan Hsieh
Tel: (02) 2397-7276