A steady 80 percent of US firms in Taiwan express confidence in the nation’s economic outlook for the next 12 months, although the pace of growth shows signs of moderation, the American Chamber of Commerce (AmCham) in Taiwan said yesterday.
Meanwhile, optimism regarding the next three years stands at 77 percent, turning slightly more cautious, the annual survey found, as respondents largely agree that Taiwan is a great place to do business, citing its strategic location, stable economy and competitive advantages.
The chamber of over 580 companies and organizations released the results of the survey that was conducted online among its voting members and offers critical insight into the business climate.
Photo: Liao Chia-ning, Taipei Times
Though 82 percent reported stable or increased revenue last year, concerns such as geopolitical tensions, workforce challenges and the pace of regulatory reforms persist, it pointed out.
Respondents particularly underscored the need for a more consistent and transparent regulatory process to enhance the efficiency of law enactment and enhance public communication, the AmCham said.
Regardless, investment intent remains high, with 90 percent of companies planning to maintain or increase their investment amounts in Taiwan, driven by strategic initiatives in digital transformation and innovation, it said.
Human capital continues to be a priority — with a significant focus on skills development — as 60 percent of respondents are committed to enhancing staff training and professional growth, the chamber said.
Despite challenges, 78 percent of companies reported satisfaction with their ability to recruit talent that aligns with business needs though sectorial satisfaction varies, it said.
More than 57 percent of respondents have made formal commitments to achieving net zero or 100 percent renewable energy targets, but 78 percent expressed concerns about the availability of green energy in Taiwan, highlighting a significant area for potential improvement and investment, it said.
The survey revealed that US companies feel less affected than before by cross-Strait tensions, as only 7 percent reported being significantly disrupted by tension last year, the AmCham said.
The phenomenon came because companies are diversifying their supply chains, with 23 percent of respondents reporting business relocation efforts from China in the past five years, seeking to mitigate risks and capitalize on new market opportunities, it said.
The chamber said it aims to discuss the findings with people concerned, as international competition intensifies and the urgency to address these issues and boost Taiwan’s business environment grows increasingly critical.
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