Upon the proposal of Mr. Yung Chang Su and other business leaders, a provisional chamber of industry and commerce was established in 1952. As the first nationwide business chamber, this provisional organization was later renamed the Chinese National Association of Industry and Commerce, Taiwan (CNAIC) with the purpose of fostering the development of industry and trade in accordance with the ROC national economic policy.
From 1952 to 1961, Mr. Yung Chang Su served as Chairman of the Board of CNAIC. In March 1961, Dr. C. F. Koo took over the chairmanship and served CNAIC for 33 years. In April 1994, Dr. Jeffrey L. S. Koo was elected as Chairman, and Dr. C. F. Koo was honored by the Board of Directors as Permanent Honorary Chairman of the CNAIC. Amb. Jeffery L. S. Koo, Chairman and CEO of Chinatrust Financial Holding Corporation, who serves as Chairman of the Association from 1994 to 2002, was honored as the Honorary Chairman. Mr. Theodore M. H. Huang was elected as Chairman on June 13, 2002 and was reelected on June 16, 2006. Mr. Kenneth C. M. Lo, Chairman of Industrial Bank of Taiwan assumed CNAIC Chairmanship on June 29, 2010. Mr. Huang was also honored as the Honorary Chairman of the Association on the same day. On June 26, 2014, Mr. Por-Fong Lin, Chairman of Taiwan Glass Group was elected as Chairman of CNAIC. Mr. Kenneth Lo and Mr. Nelson Chang were honored as Honorary Chairmen by the Board of Directors.
Over the past decades, CNAIC mission has been redirected to the promotion of international economic relations, and has set up the Committee on International Affairs with this aim. Through its link with the private sector, CNAIC has strengthened trade and industrial cooperation with other countries, in particular those countries without official diplomatic ties with Taiwan. CNAIC has succeeded in concluding economic cooperation agreements with general chambers of commerce as well as federations of industry in 40 countries. In addition, CNAIC has signed mutual agreements with certain countries on providing investment guaranty, reducing customs duties and simplifying visa procedures. In May 1966, CNAIC successfully co-organized the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI). In November of the same year, CNAIC reactivated its membership in the International Chamber of Commerce (ICC). It was a remarkable step for CNAIC to join CACCI and ICC, both significant international business organizations, with a view to participating in the global business community. It is noteworthy that Dr. C. F. Koo served as CACCI President from 1968 to 1970.
Over the past 62 years, CNAIC has played an important role in shaping the Republic of China (Taiwan) into a newly industrialized country. CNAIC’s contribution helped liberalize Taiwan from poverty and backwardness and further make Taiwan’s economic miracle the cynosure of the world. Despite the rapid transformation of Taiwan during the past few decades, CNAIC has adhered to its original goal. Moving into the 21st century, CNAIC will continuously dedicate itself to promoting innovation and accelerated development in Taiwan’s industry and commerce, with the aim of maintaining economic sustainable growth in line with the trend of the globalization.