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.
4. More than 4 months of preparation…
14Board of Governors
& Supervisors
40+Industry-specific
Committee Co-chairs
and specialists
35+Committee meetings
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
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
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
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. 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
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
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.
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
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
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. 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
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
This is a critical point in time.
We feel a great sense of urgency.
25. Download the
2019 White Paper
SCAN ME
Or visit our website:
amcham.com.tw/advocacy/white-paper/
Hinweis der Redaktion
Each of AmCham’s industry committee creates a Priority Issues Paper included in the annual Taiwan White Paper, which is presented to the government and the public as a summary of the current business climate in Taiwan for each specific field.
Morethan four months of preparation by –
20-member Board of Governors & Supervisors and members of Government Relations Committee who consider macro economic and business issues and set the overall “tone.” Final vetting by BOG-appointed sub-committee.
More than 50 Committee Co-Chairs, who coordinate with their respective committees on updating and identifying new business sector priority issues.
AmCham Office Staff MembersSenior Director & Editor-in-Chief Don Shapiro Senior Director of Government & Public Affairs Amy Chang Government & Public Affairs Manager Patrick Lu
2018: Scoreboard for 2017 issues –
11 Resolved (13%)
21 Good Progress (25%)
= Nearly 40%
External Pressure: The U.S.-China trade war is putting a profit squeeze on many Taiwanese enterprises, threatening potential shifts in global supply chains. Taiwan is at a severe disadvantage in its lack of bilateral or multilateral trade agreements with major trading partners.
Political Campaign: upcoming election may monopolize public attention and put a serious crimp in the workings of government for more than half a year.
Internal Challenges:
How to meet the needs of a rapidly aging population despite increasing budgetary constraints? How to alleviate the “five shortages” – land, power, water, labor, and professional/technical talent – that pose a predicament for potential industrial investors?
1) Opportunity in U.S.-China Trade War
U.S.-China tariff war is prompting a number of Taiwanese manufacturers to consider moving their China-based operations back to Taiwan, either completely or for the most technically sophisticated portions. That is highly positive news in terms of job creation, tax revenue, and overall industrial development.
2) Strengthened Relationship with the U.S.: Taiwan’s relationship with the U.S. appears better than it has been in decades – as numerous U.S. government visitors to Taipei have attested to. One reason is the deterioration in American relations with China. U.S.-Taiwan collaborate in a wide variety of ways.
Example: Global Cooperation Training Framework- provides a platform for Taiwanese experts to interact with counterparts from Southeast Asia and elsewhere on many subjects of concern to both the U.S. and Taiwan.
Example: AIT US$255.6-million complex – concrete expression of American commitment to Taiwan, which takes place as embassy to represent U.S. interests in Taiwan
3) Continued Progress on Regulatory Issues: a second year with another high record Resolved issues: 4 from Cosmetics Committee, 2 from Insurance, and 1 from Agro-chemicals, 1 from Capital Markets, 1from Human Resources, and 1 from Telecommunications & Media.
Priority issue: revision to labor regulations and constructive development was revitalization of interest in the Taiwan market by private equity funds
Taiwan has numerous fundamental strengths as a business location