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AIDC and TAITRA formalized agreement to explore U.S. market opportunities

 
2011/4/22 
On April 22nd the Aerospace Industrial Development Corporation (AIDC) signed an agreement with the Taiwan External Trade Development Council (TAITRA) to pursue US government tenders with assistance and guidance of TAITRA located at Taipei World Trade Center International Trade Building. The 3-year agreement was signed by George Fung, Senior Vice President of AIDC and Peter W.J. Huang, Executive Vice President of TAITRA.

Taiwan became the 41st member of the World Trade Organization (WTO) Agreement on Government Procurement (GPA) on July 15, 2009. To assist local industries to compete for US government tenders, the Bureau of Foreign Trade (BOFT) commissioned TAITRA of this task and invited Akin Gump Strauss Hauer & Feld, a US law firm, to provide consultant services. AIDC was selected among local industries and is to be assisted by BOFT and TAITRA in pursuit of $760 billion/year US government contracts.

Transformed into a state-owned commercial entity in 1996, AIDC continued to grow in technology and quality on the comprehensive capability built upon the foundations of the IDF program. In addition to the design and manufacture of both commercial and military aircraft, AIDC expanded its business scope to medical devices, green energy, glass cockpit and autotronics to provide customers with diversified products and better engineering services. On US military contract effort, AIDC is exploring non-standard military parts contracts, and is actively pursuing helicopter transportation to be included in the Foreign Comparative Testing program of US Defense Dept.

This agreement is considered significant and beneficial to business and future acquisition opportunities. AIDC intends to expand collaborations with related industries to explore the markets of engineering services and US government aircraft maintenance.