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2019 Taiwan White Paper

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The annual Taiwan White Paper is written and
published by the American Chamber of Commerce in
Taipei (AmCham). It includes an overall assessment
of Taiwan’s business climate, a review of the status of last
year’s priority issues, and statements of the current priority
issues identified by AmCham’s industry-specific committees.
An additional section offers recommendations to the U.S.
government.

Published in: Government & Nonprofit
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2019 Taiwan White Paper

  1. 1. 2019 TAIWAN WHITE PAPER www.amcham.com.tw/advocacy/white-paper Download the WHITE PAPER:
  2. 2. TAIWAN WHITE PAPER BACKGROUND 2 PRESIDENT WILLIAM FOREMAN American Chamber of Commerce in Taipei May 29, 2019
  3. 3. AmCham Taipei White Paper published annually since 1996. 24Industry committees
  4. 4. More than 4 months of preparation… 14Board of Governors & Supervisors 40+Industry-specific Committee Co-chairs and specialists 35+Committee meetings
  5. 5. 5 CHAIRMAN LEO SEEWALD American Chamber of Commerce in Taipei May 29, 2019 2019 TAIWAN WHITE PAPER “A TIME FOR ACTION”
  6. 6. 6 8 Issues solved Solved 11% Good Progress 21% Under Observation 38% Stalled 26% Dropped 4% Solved Good Progress Under Observation Stalled Dropped 71 Issues Raised
  7. 7. 7 15 Good Progress Solved 11% Good Progress 21% Under Observation 38% Stalled 26% Dropped 4% Solved Good Progress Under Observation Stalled Dropped 71 Issues Raised
  8. 8. 8 15 Good Progress Solved 11% Good Progress 21% Under Observation 38% Stalled 26% Dropped 4% Solved Good Progress Under Observation Stalled Dropped 71 Issues Raised 32% Issues solved or showing good progress
  9. 9. 9 The momentum must continue: Taiwan should break the habit of “election paralysis”
  10. 10. 10 HIGHLIGHTS: MAJOR ISSUES SOLVED Human Resources Capital Markets Cosmetics Telecom & Media
  11. 11. 11 HUMAN RESOURCES  Provide exemptions from certain provisions of the Labor Standards Act for defined professional and administrative personnel. 在勞動基準法中擴增特定責任制專業及 管理人員得不受工時及加班費之限制
  12. 12. 12 CAPITAL MARKETS  Lifting the requirement that offshore analysts be chaperoned by locally licensed securities personnel when visiting professional investors. 為解決證券商人力精簡趨勢,鬆綁或簡 化對國外分析師拜訪專業機構投資人應 由國內高級業務員陪同之規定
  13. 13. 13 COSMETICS  Resolution of 3 issues relating to the introduction of the Cosmetics Act: definition of cosmetics, use of “corrective advertisements,” and regulation of toothpaste/mouthwash. 解決3個與化妝品法案有關的議題: 釐清化 粧品的定義 、「更正廣告」 之獨特條款 , 以及牙膏/漱口水的管制。
  14. 14. 14 TELECOM & MEDIA  Amend the Copyright Act to criminalize the manufacture, import or sale of infringing OTT boxes. 修改著作權法,將製造、輸入或銷售侵權 OTT盒子之行為予以刑罰化
  15. 15. Key items showing good progress INFRASTRUCTURE & ENGINEERING  Amend theModel ContractTerms& Conditionstoallowcontractorsto submitchange notifications.修訂公共工程契約範本,使承包商得通知業主變更契約。  Adoptthe“Most AdvantageousTender”approachratherthan“LowestPrice”as the preferred selection process for public projects. 公共工程招標優先採取「最有利標」之評選流程,而非「最低標」。 PHARMACEUTICALS  Implement Patent Linkage and Data Exclusivity to strengthen IPR protection for innovative products. 實施專利連結與資料專屬權,以強化對創新產品的智慧財產權保護,確保獎勵創 新的投資環境。 TELECOM & MEDIA  Lower spectrum fees to speed up mobile bandwidth network development. 調降頻率使用費促進行動寬頻網路發展。 CHEMICAL MANUFACTURERS  Improve the protection of Confidential Business Information with regard to chemical substance disclosure. 改善化學物質資訊揭露的商業機密保護。
  16. 16. 16 Taiwan continues to face challenges in both international and domestic environments External Pressures: U.S.-China trade war Political Season: Upcoming presidential campaigns Internal Challenges: 5 shortages and aging population
  17. 17. 17 WARM RELATIONS WITH U.S. American recognition that Taiwan is animportant trading partner andan important beacon for democracy in Asia. REGULATORY REFORMS Taiwan is reforming its laws to be meet international best practices and attract more innovative industries OPPORTUNITIES INDUSTRIAL DEVELOPMENT Arealization thatTaiwan is an attractive place todo business and the beginning of atrend of moving operations backto Taiwan.
  18. 18. 18 Excellent Workforce Strengthened IPR Protection Open Society, Rule of Law Strategic Location Quality of Life Excellent Workforce Taiwan has numerous fundamental strengths as a business location
  19. 19. 19 Position Taiwan to take advantage of major changes in the structure of global trade. 1 • Work closely with the U.S. to resolve major outstanding economic issues to gain strong American support. 2 • Commit to international standards and practices, avoiding Taiwan-unique regulations. 3 • Build on that cooperation to actively seek a bilateral trade agreement (BTA) with the U.S.
  20. 20. 20 4 • Spur innovation as the source of Taiwan’s competitiveness: Continue to focus on areas with high growth potential. Example: “5+2 Innovative Industries” 5 • Raise government efficiency: Improve interagency cooperation and provide meaningful responses to stakeholder comments on proposed new regulations. Further enhance Taiwan’s investment climate
  21. 21. 21 Messages to the U.S. Government Help to maintain regional stability and prosperity in Taiwan by fostering increased economic partnership Set the stage for BTA negotiations through the resumption of TIFA Council meetings. Arrange more high-level government visits in both directions. Implement tax reforms to relieve burdens on Americans overseas and help promote U.S. exports.
  22. 22. Our Goal Energy Assuringasufficient, reliable(zero power dips), andcost-effective energy supply–basedonan appropriatemixofenergy sources –tosupport Taiwan’sfutureindustrial competitiveness. Pharmaceutical EnablingTaiwanese patientsto have access to innovativenew drugs soon after their internationallaunch,and aidingTaiwan’sadvance intothe new realm of biologicsand biosimilars. Banking Furthering Taiwan’s progress toward becomingoneofAsia’s financialhubsthroughthe promotion offintech, development ofgreen finance,andthe enhanced competitiveness of Taiwan’sfinancialsector Asset Management Moving the industryfrom product-focused sellingto advisory by ensuring product suitability, focusing on customer solutions,and improving financialadvisors’ skillsto provide portfolio solutions to achieve long-term financialgoals.
  23. 23. 23  A time for action. The world economic and political environment is changing faster than ever and requires Taiwan’s urgent attention.  Taiwan faces serious challenges, but it also has some key advantages.  Negotiating a BTA with the U.S. would be good for both countries’ economic interests. LOOKING AHEAD
  24. 24. 24 This is a critical point in time. We feel a great sense of urgency.
  25. 25. Download the 2019 White Paper SCAN ME Or visit our website: amcham.com.tw/advocacy/white-paper/

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