Minister of Economic Affairs Kung Ming-Hsin and National Development Council (NDC) Chairperson Yeh Chun-Hsien led a delegation of Taiwanese business leaders to attend the SelectUSA Investment Summit from May 3 to 6. Taiwan continued to be one of the largest delegations for the third consecutive year. In addition to leading the delegation to the SelectUSA Summit, Minister Kung's itinerary included meetings with relevant U.S. government agencies and U.S. Senators. He urged them to complete the congressional legislative process for the Taiwan-U.S. Avoidance of Double Taxation Agreement (ADTA) to eliminate tax barriers for Taiwanese companies investing in the U.S.

U.S. Secretary of Commerce Howard Lutnick stated in his opening remarks at the SelectUSA Summit that "America First" does not mean America alone; rather, it involves working hand-in-hand with allies to jointly build more resilient supply chains. This year's Taiwan SelectUSA delegation consisted of 207 representatives from 113 corporations, associations, and research institutions. The delegation's participation demonstrated the intent and capability of Taiwanese enterprises to strengthen investments in the U.S. and deepen Taiwan-U.S. supply chain cooperation.

Speaking at the SelectUSA Welcoming Reception hosted by TECRO on May 3, Minister Kung remarked that this was his fourth time to represent Taiwan at SelectUSA, and that on the three previous occasions Taiwan had also assembled the largest overseas delegation. Currently, the U.S. is not only Taiwan's top trading partner, but Taiwan has also risen to become the fourth-largest trading partner of the U.S.

Minister Kung emphasized that in the future, Taiwan will continue to collaborate with the U.S. on advancing bilateral corporate trade and investment cooperation, which is built on the solid foundation of three major pillars: the Taiwan-U.S. Memorandum of Understanding on Investment Cooperation, the Taiwan-U.S. Agreement on Reciprocal Trade (ART), and the Taiwan-U.S. Economic Prosperity Partnership Dialogue (EPPD).