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Home / Neighborhood / San Gabriel Valley / Pasadena Independent / Taiwan Trade with LA County Analyzed in LAEDC Report

Taiwan Trade with LA County Analyzed in LAEDC Report

by Terry Miller
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The Taipei Economic and Cultural Office in Los Angeles (TECO), together with Los Angeles County Economic Development Corporation (LAEDC), hosted a preview of the upcoming research report, Growing Together: Taiwan and Los Angeles County, on March 31.

The event was co-hosted by Steve Hsia, the Director-General of TECO-Los Angeles and Bill Allen the CEO of LAEDC. Representatives from Fortune 500 companies such as CBRE, as well as other well established companies such as China Airlines, Evergreen Marine Corporation, Yangming Marine Transportation Corporation, PricewaterhouseCooper, and Wells Fargo were amongst the distinguished guests in attendance.

The report revealed the mutually beneficial trade and investment relationship between Taiwan and Los Angeles County, its fourth largest trading partner. The TECO event included a presentation of key findings by LAEDC’s Kyser Center for Economic Research presented by Robert Kleinbenz and Ferdinando Guerra, Economists of LAEDC. The presentation received very high evaluations from the guests in attendance.

Key findings included:

– Taiwan is the Los Angeles Customs District’s (LACD’s) #4 trading partner
– Investment into Los Angeles County from Taiwan has increased by 30% over the past 6 years, with Taiwan becoming one of Los Angeles County’s top ten largest investors
– L.A. County has the largest Taiwanese population of any county in the nation at over 45,000

“We are very grateful to the Taipei Economic and Cultural Office for sponsoring this report, which provides valuable information about the long and mutually beneficial economic interdependence between Los Angeles County and Taiwan.” said Lawren Markle, Director of Public Relations for LAEDC. “Through such research, we better understand our economic ties and future opportunities.”
The preview event was held at the LA Area Chamber of Commerce in Downtown L.A. In addition, the report will be made available to all attendees of the upcoming 10th Annual International Trade Outlook, in Long Beach, CA, hosted by LAEDC and World Trade Center-Los Angeles on June 3rd, 2015.

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