01:59
‘Proud of trip to Taiwan’: US House Speaker Pelosi describes visit that angered mainland China
Chinese military drills around Taiwan had limited impact, US business group says, but concerns heightened
- American Chamber of Commerce (AmCham) in Taiwan survey shows 77 per cent of respondants had not been significantly affected by recent Chinese military drills
- Some 17 per cent said they had experienced disruption, including increased shipping or insurance costs, or supply chain delays
Most members surveyed by the American Chamber of Commerce (AmCham) in Taiwan said they had not been significantly affected by recent Chinese military drills around the island, but had heightened concerns, the group said on Friday.
China, which claims Taiwan as its own territory, has been carrying out the war games and exercises since US House Speaker Nancy Pelosi visited Taipei this month.
03:13
Taiwan showcases fighter jets as mainland China’s war games continue following Pelosi visit
Nearly half of the 17 per cent said the disruption stemmed from “changes in policies or other manifestations of concern from their offshore headquarters”, it added in a statement.
Looking further ahead, 46 per cent of surveyed companies expected increased military activity this year and next would affect their operations, while the rest were either unsure or did not expect to be affected, the group said.
Developments in recent weeks underscore the importance of supporting Taiwan’s resilience through stepped-up economic collaboration and integration
On a scale of one to five, with one being not concerned at all and five being very concerned, respondents’ average level of concern about serious action being taken against Taiwan in the next 24 months was 2.8, the group said.
“Developments in recent weeks underscore the importance of supporting Taiwan’s resilience through stepped-up economic collaboration and integration, and the crucial fact that Taiwan’s economic relationship with the United States is also a security issue,” he added.
