AmCham Taipei reports a record-tying 11 issues solved in White Paper 

TAIPEI – The American Chamber of Commerce in Taipei announced today that 11 – or 13 percent – of the 82 issues raised in last year’s Taiwan White Paper have been resolved, tying a record set two years ago.

Another 17 issues showed good progress, while 33 were under observation and 18 were stalled. An additional three were dropped because they were no longer priorities of AmCham industry committees.

“Taiwan’s greatest success story lately is the brilliant job it has done containing Covid-19,” said C.W. Chin, chairman of AmCham. “Taiwan can now leverage its success fighting the virus to show it’s an outstanding place to do business and invest. Our White Paper is an excellent guide for ways to strengthen the economy and the trading relationship with the world.”

The 11 resolved issues involved rules changes for green financing in banking and strengthening the Trade Secrets Act. Also included was the full implementation of Patent Linkage legislation, which protects intellectual property in the pharmaceuticals industry.

One new feature in the White Paper is a chapter focusing on developing talent and cultivating a more internationalized workforce. The chapter is part of the Talent Circulation Alliance, an initiative launched last year by the American Institute in Taiwan in partnership with Taiwan’s government and non-government organizations, including AmCham.

AmCham was grateful that once again Taiwan’s government was so willing to work together to resolve the White Paper issues, said William Foreman, president of AmCham.

“Our industry committees have spent hours and hours meeting with senior government officials over the past year,” Foreman said. “We greatly appreciate the government’s willingness to listen, understand our concerns and actively work with us to find ways to make the economy more open, innovative and prosperous.”

About AmCham Taipei

Founded in 1951, AmCham Taipei works to improve Taiwan’s business environment, making it more open, innovative and prosperous. With nearly 1,000 members from more than 500 international companies, the non-profit, independent organization serves as a vital bridge between the U.S. and Taiwan. The White Paper has been published annually the past 24 years.

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