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AmCham: 88% of Members Plan to Continue Investing in Taiwan, 67% Concerned About Green Energy Supply

The American Chamber of Commerce (AmCham) released its “2023 Business Climate Survey” on April 7th. The survey shows that member companies remain confident in Taiwan’s economic prospects. Eighty-eight percent of the surveyed members plan to maintain or expand their investment in Taiwan. Moreover, 67% of respondents expressed concern about whether there will be sufficient green energy sources, and 42% hope the government will make “sufficient energy” a top priority in the next 1-3 years.

The AmCham’s survey report shows that although the global economy softened due to factors such as the Russo-Ukrainian War and inflation in 2022, member companies still remain confident in Taiwan’s economic prospects. 71% of members are confident in Taiwan’s economic outlook for 2023. Furthermore, 79% of members hold optimistic attitudes toward the economic outlook for the next three years. Also, 73% of members expressed optimism about their company’s revenue growth and prospects in the next 12 months, and 85% of members have confidence in their growth prospects for the next three years. Additionally, 88% of members stated that they will continue to invest in Taiwan in 2023, and even expand their investments.

The AmCham’s survey also shows that 56% of member companies have committed to achieving net-zero emissions and using 100% renewable energy in order to support Taiwan’s goal of achieving net-zero carbon emissions by 2050. However, 67% of respondents expressed concern about whether there will be sufficient green energy sources, and 42% of respondents hope the government will make “sufficient energy” a top priority in the next 1-3 years.

Regarding policy and environmental issues, the survey results show that 46% of members feel that Taiwan’s regulations are not up to date, 43% of members feel that the various departments have inconsistent interpretations of regulations, and 42% of members feel that even newly introduced regulations are out of touch with the actual situation of the industry. The AmCham pointed out that the regulatory issues raised by members are mostly related to renewable energy and pharmaceuticals.

In terms of the government’s policy priorities in the next 1-3 years, with the ability to select multiple options, 55% of members believe that “cross-strait relations” are the top priority, while 40% believe that “national security” is the top priority. Furthermore, 44% of members believe that the Taiwan government should pay more attention to “talent development and retention,” 42% of members are concerned about “energy supply,” and only 30% of members believe that the signing of the Taiwan-U.S. Bilateral Trade Agreement (BTA) should be a priority for the Taiwan government.

However, although national security and cross-strait relations are viewed as important issues by AmCham members, 67% of members stated that the heightened tensions in the Taiwan Strait during the second half of 2022 did not cause significant disruptions to their businesses. Nonetheless, 47% of member companies stated that they have already adjusted their operations, or plan to do so, to respond to geopolitical issues.

 

(本文由 TechNews 授權轉載;首圖來源:shutterstock)

新聞來源:科技新報
https://finance.technews.tw/2023/02/08/amcham-2023-business-climate-survey/

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