As global advances in e-commerce and financial technology (“fintech”) catalyze change in insurance markets, how can Taiwan enable insurers to provide individuals and families with the full insurance coverage they need and close the insurance “protection gap”? In the recently published 2017 Taiwan White Paper, the Insurance Committee of the American Chamber of Commerce in…
Article 23 of the School Health Act (SHA) prohibits schools from using raw or fresh foods that contain genetically modified (GM) ingredients and primary processed products. However, this provision, which was adopted in 2015 in the amended version of Article 23 of the SHA, prohibits schools from serving GM foods that have been fully accredited…
In the past year, positive steps have been taken by the Financial Supervisory Commission (FSC) to build a better business environment and stimulate financial product innovation in Taiwan. In the newly published 2017 Taiwan White Paper, the Asset Management Committee of the American Chamber of Commerce in Taipei commends these reforms. The Asset Management Committee…
In order to increase business competitiveness while continuing to protect the local labor force, the American Chamber of Commerce’s Human Resources Committee recommends that the Ministry of Labor (MOL) make the Labor Standards Law (LSL) more flexible and more predictable. The current labor laws regulating overtime work and employer-employee relations are based on traditional labor-intensive…
On January 1, 2017, Taiwan implemented Phase 4 of the Globally Harmonized System of Classification and Labeling of Chemicals (GHS). In accordance with Phase 4 of GHS, Taiwan will require chemical companies to make full disclosure of health hazards on a Safety Data Sheet (SDS). However, while many of Taiwan’s global counterparts require chemical companies…
As technologies continue to evolve from devices to software, and technology start-ups continue to drive market growth, Taiwan is faced with the challenge of advancing its entrepreneurial ecosystem and promoting innovative technologies in order to retain technological leadership in the region. In its position paper in the American Chamber of Commerce’s recently published 2017 Taiwan…
A major driver of the Taiwan economy, the retail industry has gained momentum from technological development, rising disposable income, and the entrance of international players. In the newly published 2017 Taiwan White Paper, the Retail Committee of the American Chamber of Commerce in Taipei recommends practical steps for the government to take to improve the…
Taiwan’s government is launching plans for an ambitious set of wide-ranging infrastructure projects – many of them of a complex, challenging, and specialized nature. In the recently published 2017 Taiwan White Paper, the Infrastructure & Engineering Committee of the American Chamber of Commerce in Taipei recommends the government actively encourage more international companies to participate in…
As Taiwan’s population matures into a “super-aged” society, with a predicted 20% of its population 65 years or older by 2025, the problem of long-term care for Taiwan’s elderly population looms. Taiwan’s doctors of chiropractic see themselves as potential contributors to meeting this challenge. Chiropractic, dedicated to the treatment and prevention of disorders of the…
Through improved legislation, stricter enforcement, and the fast-tracking of intellectual property rights (IPR) cases through the court system, Taiwan has developed one of the strongest IPR protection regimes in the Asia Pacific region. While acknowledging the progress already achieved, however, the Intellectual Property & Licensing section of the newly published 2017 Taiwan White Paper of…
