Idaho Aerospace Alliance Signs MOU with Taichung City Government, Taiwan

(BOISE, Idaho — Aug. 21, 2017) The Idaho Aerospace Alliance (IDA)  signed a memorandum of understanding (MOU) with the Taichung City Government Economic Development Bureau at a ceremony held at the Idaho Department of Commerce office in Boise, Idaho, Aug. 14. The MOU is designed as a formal agreement between the two organizations to establish a relationship of mutual cooperation and collaboration. It was signed by Yau-Jr Liu, Director General,
Economic Development Bureau and Homy Panahi, Idaho Aerospace Alliance President and witnessed by the Mayor of Taichung City Chia-Lung Lin and Idaho Lieutenant Governor Brad Little.
“Together we can make a significant difference for both organizations. We learn from each other and grow—IDA is
looking at this as a work in process and would like to define a dedicated team to focus on growing our international
business -that’s how it works,” said Panahi.

The MOU was signed in the spirit of mutual interest, benefit, growth and development, to establish common ground for cooperation. The parties agreed to work together to promote exchange between aerospace industries, collaborate as they expand international cooperation, and invite delegations to attend aerospace exhibitions. Taiwan’s aviation industry has grown nearly 200 percent in the last decade and this MOU presents a great opportunity for the members of the Idaho Aerospace Alliance. Cooperation between the two groups presents prospects for international collaboration, research and development, and market expansion that can benefit both economies.

Attendees also included Director of Idaho Commerce Megan Ronk, four representatives from Idaho Commerce, three
representing IDA and more than 10 attendees with the Taichung City Government Delegation and media.
Lieutenant Governor Brad Little beamed, “it is important that our oldest friend, the country that we’ve had the longest
relationship with as far as trade. Our office in Taiwan has been absolutely the most fruitful relationship that we’ve had in
perhaps all the world. This is a fitting event and I couldn’t be happier. It does take that industry that is growing so fast
and marries it up with our long relationship, a very valued relationship.”

“Taiwan is the third largest trading partner of Idaho and Taiwan’s largest foreign capital company is Micron. It’s time
for us to expand the list to include aerospace into our collaboration. We are eager to see the visit lead by the governor,”
said Mayor Lin.

“The aviation industry in Taichung accounts for approximately $3 billion U.S. dollars and still growing by a speed of
double digit growth rates just the same as Idaho. I strongly believe that we will have a closer tie between Idaho and
Taichung,” said Liu. “We are looking forward to having contact [IDA] in the future and for years to come. We will have
the aerospace and defense show in Taichung with the real stuff flying over the skies of Taichung city with the support of
mayor.”

The IDA is continuing its efforts for education, expansion, and recognition both nationally and internationally. This
MOU signing with Taichung also follows the recent letter of intent signed with the HEGAN Basque aerospace cluster.
The IDA’s ties with Taiwan began when it signed as a party and witness to an MOU between the State of Idaho and
Taiwan’s Industrial Development Bureau, Ministry of Economic Affairs in July 2015. That was followed directly by
participation at the Taipei Aerospace and Defense Technology Expo (TADTE) in August 2015.

Just last month, the IDA received its first international member, Formosa Plastics Corporation, from Taiwan and Idaho
aerospace companies are also once again participated at TADTE just days after the MOU signing last week.

“The MOU with Taichung City is a great step forward for the Idaho Aerospace Alliance. We look forward to further
developing our relationship with Taiwan and its growing aerospace industry,” said Sarah Massie with Idaho Commerce,
who is also the Secretary of the IDA Board. “We hope to foster more business connections while we are in Taipei for
Idaho’s Governor-led trade mission to Asia this November.”