When it became evident that none of the 80 issues raised by AmCham Taipei’s various committees in the 2016 Taiwan White Paper had been fully resolved, the Taiwan government took action in hopes of assuring greater progress in the coming year on the current White Paper issues released in June. Deputy Minister Kung Ming-hsin of…
Taiwan has made important improvements in its rules-making procedures. But some additional steps are needed. The Tsai Ing-wen administration deserves hearty applause for its extension of the notice and comment period for new laws and regulations from 14 to 60 days, an initiative that propels Taiwan to the front rank in Asia in the area…
Should the current target-expenditure system be extended? When the Taiwan government five years ago was working on how to revamp the National Health Insurance (NHI) program to help ensure its long-term sustainability, one of the new measures it adopted was a suggestion from the pharmaceutical industry that had been broached in AmCham Taipei’s 2010 Taiwan…
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…
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…
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…
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,…
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…
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…
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…
