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The American Chamber of Commerce in Taiwan has released the 2026 Taiwan White Paper on Tuesday. According to AmCham Taiwan President Carl Wegner, Taiwan-US economic relations could be said to have entered a golden age. Bilteral trade volume grew by at least 30% on both sides in 2025, and the US has become Taiwan’s largest trading partner, replacing China. Wegner also urged the US to pass a double taxation avoidance agreement, and called on Taiwan to continue bolstering its grid.

The American Chamber of Commerce in Taiwan has released the 2026 Taiwan White Paper, in which 221 suggestions were made to Taiwan and US authorities, including implementing the US-Taiwan trade deal and strengthening drone cooperation.

Carl Wegner
AmCham Taiwan President
Taiwan and the United States are experiencing what some are calling a golden age of economic relations. The United States became Taiwan’s No. 1 trading partner in 2025, for the first time in over 20 decades.

Taiwan and the US are becoming closer economic partners. Last year, Taiwanese exports to the US grew by almost 35%, while US imports to Taiwan, by almost 30%. Bilateral trade volume in 2025 exceeded US$246 billion. The US also became Taiwan’s largest trading partner last year, while Taiwan became the US’ fourth largest.

Carl Wegner
AmCham Taiwan President
Taiwan is one of the Top 10 trading partners with the US. Taiwan is the only country without a dual taxation agreement… for better opportunities for SMEs to go to the US, and also for American companies to come to Taiwan.

AmCham Taiwan urged US lawmakers to swiftly pass a double taxation avoidance agreement, saying that it will benefit Taiwan investors in the US, such as TSMC, and vice versa. It also lauds the progress Taiwan made on its power system, while urging long-term vision on the issue.

Carl Wegner
AmCham Taiwan President
Predictability, stability, continue to enhancing the grid. It’s not a short-term issue. It’s a long-term issue, and we continue to see that making progress.

The US had initiated Section 301 Investigations, and is expected to conclude investigations and hearings by mid-July. Regarding whether a decision will be made on Taiwan, AmCham emphasized that the investigations concern 60 economies worldwide, instead of being targeted at Taiwan. It also called on continued dialogue for closer bilateral relations.

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