Issues Archives - Page 2 of 9 - Taiwan Business TOPICS

Protecting Intellectual Property Rights and Patient Access in the Pharmaceutical Sector

Rachel McMahon/June 30, 2017June 30, 2017 /Leave a comment

Strengthening protection of intellectual property rights (IPR) is crucial to attracting investment in Taiwan’s pharmaceutical sector. In order to better protect IPR for innovative products, the Pharmaceutical Committee of the American Chamber of Commerce in Taipei recommends completing the legislative process for Patent Linkage and Data Exclusivity. Patent Linkage prevents regulatory authorization of generic medicines…

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Investing in Taiwan’s Financial Future

Marina Finley/June 29, 2017July 3, 2017 /Leave a comment

As paradigms in the banking industry shift rapidly, the future of banking hedges on innovation, specialization, and mastery of the digital business landscape. In the past year, volatility in global and regional markets—from the plunge in oil prices to post-Brexit uncertainties—has made Taiwan’s banking industry keen to bring stability and growth to the financial liberalization…

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Achieving Full Potential for Taiwan’s Real Estate Market

Marina Finley/June 29, 2017June 29, 2017 /Leave a comment

As confidence returns to real estate, Taiwan must take steps to ensure its real estate market champions transparency and security and remains a thriving destination for global investment. In the recently published 2017 Taiwan White Paper, the Real Estate Committee of the American Chamber of Commerce in Taipei commends the Taiwan government for recent efforts…

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Taiwan’s Tourism Future: Rebranding the Heart of Asia

Marina Finley/June 29, 2017June 30, 2017 /Leave a comment

In 2016, despite a significant drop in visitors from mainland China, Taiwan achieved a record high for inbound tourism, totaling 10.69 million tourists, according to the Tourism Bureau. As the trend of decreasing visitors from mainland China will likely continue, the Taiwan government is taking steps to increase tourism from other areas, including Japan, Korea,…

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Charting the Future of Taiwan’s Capital Markets

Marina Finley/June 28, 2017June 30, 2017 /Leave a comment

Healthy capital markets are vital to the functioning of an economy, generating both short-term economic output and long-term growth. As industry leaders look toward Taiwan’s financial future, they should strive to develop fair, open and efficient capital markets to sharpen Taiwan’s global competitive edge. In the recently published 2017 Taiwan White Paper, the Capital Markets…

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Streamlining the Registration Process for Medical Devices

Rachel McMahon/June 28, 2017June 30, 2017 /Leave a comment

Taiwan is one of the few countries in the world that still requires the submission of either a “Free Sale Certificate” (FSC) or “Certificate to Foreign Government” (CFG) as a component of the registration process for medical devices. The FSC proves that certain commodities, such as food items, cosmetics, or medical devices are legally sold…

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Telecommunications Industry Advocates for Deregulation

Rachel McMahon/June 23, 2017June 22, 2017 /Leave a comment

As online media and streaming services continue to grow, the telecommunications industry requires further rate deregulation to remain competitive. In its position paper in the American Chamber of Commerce in Taipei’s recently released 2017 Taiwan White Paper, the Chamber’s Telecommunications & Media Committee addressed this need for further deregulation by recommending the National Communications Commission…

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Prioritizing Protection in Life Insurance for an Aging Taiwan

Marina Finley/June 23, 2017June 22, 2017 /Leave a comment

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…

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Lightening Up on Lunch Restrictions

Rachel McMahon/June 23, 2017June 22, 2017 /Leave a comment

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…

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Building a Better Business Environment for Taiwan’s Asset Management

Marina Finley/June 22, 2017June 22, 2017 /Leave a comment

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…