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…

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…

After much controversy, a revised Labor Standards Law has now been enacted in Taiwan.

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…

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…

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…

Local authorities are pressing for Ching Chuan Kang to be upgraded to international airport status. Taoyuan Airport provides the majority of Taiwan’s international flight service. Taipei City’s Songshan Airport, Kaohsiung Airport, and Taichung Airport offer limited international service to Asian destinations. But since a flash flood disrupted service at Taoyuan Airport in June 2016, Taichung…