ROC-USA Business Council

Background The ROC-USA Business Council dates back to 1976 when a group of prominent business leaders and other elite in society advocated the establishment of a regular civil channel to promote Taiwan’s bilateral business relations with the USA in case of any drastic change in the diplomatic relations between the two sides. The ROC-USA Economic Council was accordingly established on February 26, 1977, with the full support of former ROC Minister of Economic Affairs Yun-hsien Sun. It was later renamed as the current ROC-USA Business Council in 1998. Its American counterpart, the USA-ROC Economic Council, was founded earlier in December 1976, with former Minister of Finance David Kennedy of the USA as the first Chairman. It was renamed US-Taiwan Business Council on April 20, 1998. Upon its establishment, the ROC-USA Business Council resolved to have a board of 31 Directors and 9 Supervisors.