US firms in Taiwan revising contingency plans amid ‘continuum of increased concerns’ over mainland China conflict
- An American Chamber of Commerce in Taiwan survey found 47 per cent of respondents have changed ‘business continuity plans’ or intend to make changes.
- Around a third cited business disruptions since the visit to Taipei by former US House Speaker Nancy Pelosi in August
Nearly half of the American companies in Taiwan are revising contingency plans in case of a conflict with mainland China, according to a chamber of commerce survey, which analysts said could include moving assets and finding new supply chains.
The 437-member American Chamber of Commerce in Taiwan found in a poll released on Tuesday that 47 per cent of respondents have changed “business continuity plans” or intend to make changes.
“It’s been a continuum of increased concerns – cross-Strait tension, Beijing-Washington tension – and assessing risk practices,” chamber president Andrew Wylegala told the Post on Wednesday.
Beijing views the self-ruled island as part of China to be unified, by force if necessary. Countries that have diplomatic ties with Beijing, including the United States, acknowledge the existence of the one-China principle, which states Taiwan is part of China. But they may not explicitly agree with it.
Washington does not take a position on the status of Taiwan, though it opposes any attempt to take the island by force.
