The Taiwan White Paper provides AmCham's recommendations to the government and public on legislative, regulatory and enforcement issues that have a major impact on the quality of the business environment.

1. Download the
White Paper:
2018 TAIWAN
WHITE PAPER
www.amcham.com.tw/advocacy/white-paper

2. TAIWAN WHITE PAPER
BACKGROUND
2
PRESIDENT WILLIAM FOREMAN
American Chamber of Commerce in Taipei
June 6, 2018

3. 500+
Member Companies
20+
Industries
What does AmCham
mean for Taiwan?
tens of
thousands
of jobs
$ billions
of investments
3

4. Taiwan White Paper
More than 4 months of preparation…
20Board of Governors
& Supervisors
50+Industry-specific
Committee Co-chairs
and specialists
AmCham
Office Staff
Published annually since 1996…

5. Testimonials
“As a country looking to
attract more foreign
investment, we have
long benefited from
the advice – advice
that is sometimes very
candid – provided in
your annual Taiwan
White Paper.
President Tsai Ing-wen
“
5

6. 2018 TAIWAN WHITE PAPER
“BUILDING MOMENTUM”
6
CHAIRMAN ALBERT CHANG
American Chamber of Commerce in Taipei
June 6, 2018

7. 7
Summary – what a difference a year makes
Significant Improvement in 2017
2017 results: Out of the 80 issues raised…32 issues resolved or showing good progress. A
record 11 issues resolved and 21 showing good progress.
Unprecedented cooperation with the government – with Minister Chen Mei-ling in particular
Passage of legislation creating a Patent Linkage system from Pharma Committee, bolstering
Taiwan’s IPR protection
Other successes from Transportation and Logistics, Human Resources, Cosmetics, Public
Health, Real Estate, Tax, and Technology
How to build on this momentum into 2018
• 13 priority go-forward recommendations for 2018
• Overall:
• Imbue all levels of government with the innovative spirit
• Create flexible working hours regulations for professional/managerial personnel
• Ensure a sufficient, stable, cost-effective energy supply
• Welcome investment from major private equity funds
• Continue to enhance transparency and communication in the rules-making process.

8. One year ago…record of action on 2016 White
Paper issues
5
issues
dropped
26
issues
stalled
8
issues
showing good
progress
0
Issues
totally
resolved
41
issues
under observation
80
issues
raised

9. One year ago…how can we make this year
different?
▪ Single point person to be accountable on 83
issues, responsible for coordination and
resolution
▪ 12 actionable and feasible steps to be taken
asap, as sign of seriousness to progress the
issues
▪ Quarterly discussion on progress with AmCham
▪ Final year report card reviewed with highest
levels of government (Taiwan and U.S.)

10. A record high –
2017 White Paper Scoreboard
10
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Resolved 3 4 9 6 2 0 2 6 3 6 0 11
Significant Progress 14 10 20 20 12 13 14 21 15 8 8 21
14
10
20 20
12 13 14
21
15
8 8
21
3
4
9
6
2 0
2
6
3
6
0
11
0
5
10
15
20
25
30
35
Record high!

11. A record high
2017 White Paper Scoreboard
11
Solved
13%
Good Progress
25%
Under Observation
36%
Stalled
21%
Dropped
5%
Solved
Good Progress
Under Observation
Stalled
Dropped
83
Issues Raised
nearly
40% solved /
good progress
Average over the previous
13 years is 21.6%

12. 12
AmCham thanks National Development Council
Minister Chen Mei-ling and her staff
YEAR-ON-YEAR COMPARISON
Assessment of 2016 White Paper Issues (June 2017)
0 RESOLVED ISSUES
8 ISSUES GOOD PROGRESS
Assessment of 2017 White Paper Issues (June 2018)
11 ISSUES RESOLVED
21 ISSUES GOOD PROGRESS

13. THE 11 RESOLVED ISSUES
FROM 2017
13
Human Resources人力資源
• Revised overtime regulations
修正加班規定
• Revised annual leave regulations
放寬特休管制
Cosmetics 化粧品
• Advanced countries cosmetics GMP recognized
承認其它國家化粧品優良製造規範(GMP)
Public Health 公共衛生
• Strengthened national hepatitis program
建立國家級肝炎防治計畫
Technology 科技
• Critical infrastructure clearly defined
明確定義「資通安全管理法」中關鍵基礎設施提供者
• Urban renewal process simplified
簡化都市更新程序
Real Estate 不動產
Tax 稅務
• Revised tax assessment and transfer pricing rules
修正稅務及移轉訂價規範
Transportation & Logistics 交通運輸
• Communications platform set up
建立海關單一溝通平台
• Improved e-commerce customs clearance
改善電子商務貨物通關程序
• Combined airfreight/express import/export terminals
取消空運與快遞貨棧進出口區隔規定
• Patent Linkage law passed
專利連結系統立法通過
Pharmaceuticals 製藥

14. Public Health 公共衛生
• Expand Taiwan’s vaccination programs
Banking 銀行
• Broaden development of offshore products
持續放寬境外衍生性及外國債券商品業務
Capital Markets 資本市場
• Allow more business latitude for brokers 允許營業員
有更多業務服務空間
• Forgo occasional Saturday trading, etc.
取消週六證券市場交易
Cosmetics 化粧品
• Clearly define “cosmetics” under law
釐清化粧品的法定定義
• Clarify “Corrective Advertisement” clause
清楚定義新法中有關「更正修正性廣告」之獨特條款
• Treat toothpaste/mouthwash separately
確保牙膏及漱口水能順利過渡到新化粧品法規
• Ease restrictions on ingredients
確保化粧品成分的限制皆基於科學證據
Human Resources 人力資源
• Labor Law exemption for professionals or managers
放寬專業及管理人員的工時限制
Infrastructure & Engineering 基礎建設
• Use “Most Advantageous Tenders” for public projects
公共工程招標優先採取「最有利標」之評選流程
• Encourage alternative methodologies in public projects
鼓勵在公共基礎建設工程中採用替代方案
Technology 科技
• Enhance the startup ecosystem
強化台灣創業生態圈
Travel & Tourism 旅遊與觀光
• Liberalize hotel-booking refund rules
移除訂房退款規定
Asset Management 資產管理
• Promote AUM-based commissions
推動以「基金資產規模」為佣金計算基礎
Banking 銀行
• Liberalize rules for onshore wealth management
鬆綁財富管理銀行業務
Human Resources人力資源
• Expand coverage of working hours guidelines
擴大適用「勞工在事業場所外工作時間指導原則」
Insurance 保險
• Incentivize the offering of protection insurance
獎勵保險公司提供保障型保險商品
• Increase the convenience of protection insurance
強化取得保障型保險的便利性
• Drop the wet-signature rule for non-life policies
放寬產物商業險毋須親簽
Medical Devices 醫療器材
• Make the product review process more transparent
提高健保診療項目審核之透明性
Retail 零售
• Increase the number of testing laboratories
13 Priority
Issues
continue
in 2018
Good Progress
(not in 2018
Paper)
THE 21 SIGNIFICANT PROGRESS ISSUES FROM 2017

15. Challenges that make 2018 so important
Taiwan continues to face a challenging international
environment that creates an urgency unlike it’s ever
seen:
15
U.S. pullout from TPP and
uncertain trade policies.
Pressures from Mainland
China.
Growing competition in
world markets.

16. 16
Recommendations to further enhance Taiwan’s
investment climate
1
• Embrace top-to-bottom innovative
spirit throughout bureaucracy
2
• Fresh and flexible approach to the Labor
Standards Act for managerial and
professional talent
3
• Energy: Assure investors of sufficient,
stable, and cost-competitive power
supply (detailed plans)

17. 17
4
• Investment: Provide assurance to PE
funds that their projects are welcome
(release barriers)
5
• Regulatory regime: Ensure
transparency and soundness of the
rules-making process (minimize
exceptions to 60-day rule, follow
international practices).
Recommendations to further enhance Taiwan’s
investment climate

18. 13 Priority Issues for 2018 重點優先議題
CAPITAL MARKETS 資本市場
▪ Allow brokers to provide short-term strategies to investors
允許營業員有更多業務服務空間
▪ Market competitiveness (e.g. Forgo occasional Saturday
trading)
取消週六證券市場交易
COSMETICS 化粧品
▪ Clearly define “cosmetics” under law to avoid technical
barriers
釐清化粧品的法定定義
▪ Clarify “Corrective Advertisement” clause in New
Cosmetics Act
清楚定義新法中有關「更正修正性廣告」之獨特條款
▪ Ensure smooth transition for toothpaste/mouthwash
(treating separately)
確保牙膏及漱口水能順利過渡到新化粧品法規
▪ Ease restrictions on ingredients based on scientific
evidence and transparency
確保化粧品成分的限制皆基於科學證據
BANKING 銀行
▪ Broaden development opportunities of offshore products
持續放寬境外衍生性及外國債券商品業務
HUMAN RESOURCES 人力資源
▪ Labor Law exemptions for professionals/managers
放寬專業及管理人員的工時限制
INFRASTRUCTURE & ENGINEERING 基礎建設
▪ Use “Most Advantageous Tenders” for public projects
公共工程招標優先採取「最有利標」之評選流程
▪ Encourage alternative methodologies in public projects
鼓勵在公共基礎建設工程中採用替代方案
PUBLIC HEALTH 公共衛生
▪ Expand Taiwan’s vaccination programs
強化台灣預防接種政策
TECHNOLOGY 科技
▪ Enhance the startup ecosystem
強化台灣創業生態圈
TRAVEL & TOURISM 旅遊與觀光
▪ Liberalize hotel-booking refund rules to international
standards
移除訂房退款規定

19. Other 2018 long-standing issues affecting
growth
Slow Approval Process
▪ Committees:
Agro-chemicals, Insurance, Medical Devices, Pharmaceutical, etc.
農化、保險、醫療器材、製藥、等
19
Obstacles to Growth
▪ Asset Management/Insurance: Implement a member-choice labor pension
scheme as soon as possible
資產管理/保險: 儘速落實勞工退休金之自選方案政策
▪ Chemical Manufacturing: Improve the protection of Confidential Business
Information (CBI) with regard to chemical substance disclosure.
化學製造商: 改善化學物質資訊揭露的商業機密保護
▪ Telecommunications & Media / IP&L: Amend the Copyright Act to enable
injunctions against infringing offshore websites
電信及媒體/智慧財產權與授權 : 修改著作權法，採行境外侵權網站封鎖措施

20. Open Society,
Under the Rule of Law
Well-established legal and
democratic political system.
Strengthened IPR Protection
A specialized IPR Court was
established in 2009.
Excellent Workforce
Well-educated, hard-working, easy to
train, highly productive, and
extremely loyal workers.
Good Quality of Life
Expats consider Taipei to be one of the
most comfortable places in the region
to live.
Manufacturing &
Supply Chain Expertise
Taiwan executives have long
experience in production and supply
chain management.
Strategic location within the
Asia Pacific
Most business centers in the region are
within four hours’ flying time.
20
Taiwan has numerous fundamental strengths as a
business location …

21. Keep up our momentum
21
 Taiwan is heading in the right direction
 Maintain momentum by tackling top 2018
issues and uncertainties
 Partner with government to make Taiwan a
standout business location and center of
innovation in the Asia region

22. Messages to the U.S. Government
22
1. Hold regular TIFA Council talks
2. Explore ways to deepen the economic
relationship with Taiwan
3. Arrange more high-level visits in both
directions
4. Implement tax reforms to relieve burdens on
Americans overseas and help promote U.S.
exports

23. Questions & Comments
Thank you for your attention.
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