US–Taiwan Business Council

US-Taiwan Business Council
美台商業協會
Měi Tái Shāngyè Xíehùi

Formation	1976
Founded at	Chicago, Illinois
Type	Non-profit
Purpose	Trade Promotion
Headquarters	Arlington, Virginia; United States
Services	Information Products Relationship Management Client Representation Consulting
Chairman	Keith J. Krach
Key people	Senator Lisa Murkowski Senator Bob Menendez Honorary Co-Chairmen Rupert J. Hammond-Chambers President
Website	www.us-taiwan.org

The US–Taiwan Business Council (Traditional Chinese: 美台商業協會; Pinyin: Měi Tái Shāngyè Xíehùi) is a membership-based, non-profit organization founded in 1976 to foster trade and business relations between the United States and Taiwan. Council members consist of private companies with business interests in Taiwan, and range in size from one-person consulting firms to large multinational corporations. Because the organization reflects the views and concerns of an extensive group of U.S. businesses, the council is generally considered to be one of the most influential private organizations playing a part in the unofficial relationship between the two economies. The organization is particularly well known in the Defense & Security community, as it is the host of an annual US-Taiwan Defense Industry Conference. The inaugural conference in St. Petersburg, Florida in 2002 brought Taiwan's Minister of National Defense to the U.S. for the first time since 1979.

Mandate

The mission of the US–Taiwan Business Council – as defined in its bylaws – is to develop private economic, commercial and financial relationships, to foster investment, trade, and commerce between the United States and Taiwan.

Services

The organization provides a variety of services to its members, including:

Consulting

Tactical and strategic business advice to companies looking to get established, or to expand, in the Taiwan market. Advocacy work – on behalf of individual companies or on behalf of groups of members – can range from dealing with market access issues and equipment sales, to resolving contractual difficulties or attempting to change Taiwan government policies.

eBulletins

Weekly email bulletins examine recent US-Taiwan-China business, economic, and political developments. Issues covered include General Business, Finance & Banking, Defense & Security, Semiconductors, PCs, Intellectual property, and Biotechnology, among others.

Analysis reports

The council occasionally publishes reports providing up-to-date analysis on events and developments that affect businesses operating within the triangular U.S.-Taiwan-China relationship. These papers and statements, which include editorials and research reports, are distributed to members when situations warrant.

Events

The Council holds conferences, seminars, receptions, and other events throughout the U.S. and Taiwan each year. The two largest events are the annual US-Taiwan Defense Industry Conference (美台國防工業會議) and the Taiwan + China Semiconductor Industry Conference. Tang Yiau-ming, Taiwan's Minister of National Defense, U.S. Deputy Secretary of Defense Paul Wolfowitz and U.S. Assistant Secretary of State James Kelly attended the 2002 Defense Industry Conference in St. Petersburg, Florida. Taiwan Minister of National Defense Chen Chao-min attended the 2008 Defense Industry Conference on Amelia Island, Florida.

Relationship building

The organization cultivates an extensive network of contacts and relationships within the U.S. and Taiwan governments, as well as within the private sector and among non-government organizations with an interest in Taiwan. Both the United States Congress and the Executive Branch frequently call upon the organization to express its views on the US-Taiwan business relationship.

Organizational structure

Chairman
Executive Committee
Board of Directors
President
Vice President
Staff in functional departments

Current staff

Chairman: Keith J. Krach
President: Rupert Hammond-Chambers
Vice President: Lotta Danielsson

History

1970s

In 1976, David M. Kennedy formed the organization in Chicago, Illinois as the “USA-ROC Economic Council.” For the next 14 years he served as chairman of the organization and helped guide its development. William Morell was elected president the same year.

The organization quickly got involved with the commercial and political spheres in both the United States and Taiwan, and it played an important role in the drafting and passing of the Taiwan Relations Act (TRA) in 1979, the legislation that guides US-Taiwan relations in lieu of official diplomatic recognition.

1980s

The 1980s brought the council an expanded membership base and deeper ties with business and political leaders in Taiwan. Since U.S. diplomatic recognition had been transferred from Taipei to Beijing, the council took on greater importance as it continued to work towards strengthening trade and communications with Taiwan on behalf of American companies.

1990s

In 1990, Caspar Weinberger ("Cap") succeeded David Kennedy as chairman of the organization and David Laux was elected to take the place of outgoing president William Morell. The change in leadership also brought with it a change in venue, as the council relocated its office from Chicago to Washington, D.C.

In 1991, the council formed its “Chairman’s Circle,” a group of member companies with heavily vested business interests in Taiwan. In 1995, Dan Tellep was elected chairman as Caspar Weinberger rotated out of the post. Soon afterwards the “USA-ROC Economic Council” changed its name to the “US-ROC (Taiwan) Business Council.”

William P. Clark was elected chairman in January 1997. Later that year, Senators Frank H. Murkowski of Alaska and John D. Rockefeller, IV of West Virginia became honorary co-chairmen. The council also moved once more to Arlington, Virginia, to share a floor with the American Institute in Taiwan (AIT), the entity that – under contract to the U.S. State Department – manages America’s unofficial relationship with the island. Frank C. Carlucci replaced William Clark as chairman of the organization in 1999.

2000s

In 2000, David Laux stepped down and Rupert Hammond-Chambers was elected as the youngest-ever president. In 2001, the name of the organization was again changed to “US-Taiwan Business Council.” In 2003, William Cohen was elected as chairman, and Senator Conrad Burns of Montana took the place of Frank Murkowski as honorary co-chairman.

In 2005, the council gained new leadership with the election of Senator William Brock to the chairmanship and Vance D. Coffman to the position of vice chairman. In 2007, Senator Lisa Murkowski of Alaska took over the honorary co-chairman seat vacated by Conrad Burns. In 2008, Paul D. Wolfowitz joined the council as its chairman, succeeding Bill Brock.

2010s

In 2016, Senator Bob Menendez of New Jersey took over the honorary co-chairman seat vacated by Jay Rockefeller, who had held the post since 1997. In 2018, Michael R. Splinter joined the council as its chairman, succeeding Paul D. Wolfowitz.

2020s

On July 1, 2024, the council announced that Keith J. Krach had accepted the position as Chairman of its Board of Directors. Mr. Krach replaced Michael R. Splinter in the post.

Miscellaneous

The council is incorporated in the District of Columbia and is designated by the Internal Revenue Service as a tax-exempt organization under section 501(c)(6) of the Internal Revenue Code.

The council's "sister organization" in Taiwan is the ROC-USA Business Council. During the 1980s and 1990s, the two organizations co-hosted conferences – called "Annual Joint Business Conferences" – which were held on alternate years in either Taiwan or the US. The conferences served as opportunities for high-level bilateral dialogue, and often brought United States Cabinet officers to Taiwan. This tradition ended in 2004.

External links

• Official site
• US-Taiwan Defense Industry Conference
• About the first Defense Industry Conference in 2002
• ROC-USA Business Council