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AmCham Delegation Calls on new Premier Su Tseng-chang

AmCham Taipei representatives led by Chairman Leo Seewald met with Premier Su Tseng-chang on January 21 to congratulate him on his recent appointment as premier. The Premier was accompanied by National Development Council Minister Chen Mei-ling and other officials from the Executive Yuan.

Besides Mr. Seewald, who is the Chairman/Managing Director of BlackRock Investment Management (Taiwan) Limited, the AmCham delegation consisted of:

  • William Foreman, AmCham Taipei President.
  • Dylan Tyson, AmCham Taipei Supervisor and Insurance Committee Co-Chair, who is President & CEO of Prudential Life Insurance Company of Taiwan Inc.
  • Don Shapiro, AmCham Taipei Senior Director and Editor-in-Chief, Taiwan Business TOPICS
  • Amy Chang, AmCham Taipei Senior Director of Government and Public Affairs

New NDC Minister Chen Mei-ling Visits AmCham

Just two weeks after taking office as Minister of the National Development Council (NDC), Chen Mei-ling paid a courtesy call at AmCham Taipei accompanied by colleagues including Deputy Minister Kao Shien-quey, Director-general Connie Chang of the Department of Overall Planning, Director of the Minister’s Office Ray Chou, and staff members from the Council’s Regulatory Reform Center.

The group was received at AmCham Taipei’s 6th floor Lincoln Room by Standing Vice Chairman Dan Silver, Vice Chairman Daniel Tseng, President Andrea Wu, Former Chairman Paul Cassingham, Governors Tim Ju and Vincent Shih, and Senior Directors Don Shapiro and Amy Chang.

The discussion covered a wide range of topics including energy policy, the labor law, government procurement, healthcare policy, the automotive industry, the promotion of data technology, and the importance of attracting foreign investment.

Minister Chen, who holds a master’s degree in law from National Taiwan University and a doctorate in law from National Cheng Chi University, served as Secretary-General of the Executive Yuan before taking her current position. She said that her legal background means she is likely to take a different approach from her predecessors heading the NDC, who were mainly economists. While affirming the importance of economic development, she said that her concept of “development” is broader, incorporating the various other factors that impact life in Taiwan.

The new minister expressed the wish to maintain frequent contact with AmCham Taipei as issues of mutual concern arise.

Cross-Agency Meetings with NDC

Representatives of six AmCham Taipei committees had the opportunity on August 30 to discuss their key White Paper issues with their regulators at a meeting presided over by Deputy Minister Kung Ming-hsin of the National Development Council (NDC). The four-hour meeting in the NDC conference room was the first in what will be quarterly sessions until the 2018 White Paper is launched next June.

The government suggested holding the series of meetings to facilitate progress on White Paper issues after learning that none of the 80 issues from the 2016 White Paper had been totally resolved.

The committees and their issues were:

  • Travel and Tourism, regarding Taiwan’s policy of requiring refunds for canceled hotel reservations, even when customers agreed to non-cancellability as part of special promotional offers.
  • Intellectual Property, on proposed revisions to the Copyright Act.
  • Retail, concerning problems with mandatory inspection of various imported products in certified domestic laboratories.
  • Insurance, on suggested measures to incentivize insurers to offer protection insurance.
  • Capital Markets, on proposals to relax existing securities investment rules to permit broader participation.
  • Banking, regarding regulatory restrictions on the onshore wealth-management business. The Banking Bureau also agreed to a 2016 White Paper request for “double-hatting”: allowing bank personnel to take charge of bond agency and derivative information and advisory functions concurrently.

August 30, 2017 – The first quarterly meeting with the National Development Council

“The meeting was a great start for the new post-White Paper process, but much still remains in flux,” says AmCham Taipei President Andrea Wu. “We appreciate the Taiwan government’s efforts to actively address our issues, and hope to see early resolution to many of these longstanding challenges.”

Participate on Join.gov.tw to Make Taiwan Better

Recently, the Executive Yuan instructed that all draft regulations of trade, investment, and intellectual property rights laws must be given a 60 day commenting period to allow feedback to be gathered from industry and the public. Furthermore, in order to generate the widest possible coverage, the Executive Yuan has instructed that such draft regulations should not only be announced through existing channels but also on its online portal, “Join,” accessible at ( https://join.gov.tw/ ).

Join, developed by National Development Council (NDC) with assistance from the office of Digital Minister Audrey Tang, facilitates two-way communication between government offices and members of the public on regulatory matters.

AmCham-Leaders-with-Minister-Tang

AmCham leaders paid a visit to Audrey Tang, Taiwan’s Digital Minister, last year to encourage the enhancement of the Government’s web-based regulatory commenting system.

AmCham Taipei is calling  on its member companies, especially those in highly regulated sectors of the economy, to participate in carefully tracking the status of new regulations through join.gov.tw and to work through the Chamber’s industry committees to help prepare well-considered comments for posting on Join.

Through effective use of this platform, Taiwan has an opportunity to boost government efficiency, promote broader participation in public affairs, and create a sounder business environment that may stimulate increased investment leading to stronger economic growth.

For more information, you may also read our Editorial in the latest issue of Taiwan Business TOPICS Magazine here.

AmCham Releases 2016 Taiwan White Paper at Annual Luncheon

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Revamping the Taiwan government’s rules-making procedures, preparing a stellar case for Trans-Pacific Partnership (TPP) candidacy, ensuring a stable and reliable supply of energy and water, and boosting Taiwan’s ability to attract and retain talent – these were the main recommendations presented by the American Chamber of Commerce in Taipei when launching the 2016 Taiwan White Paper on June 2.

Nearly a hundred AmCham Taipei members and guests gathered at the Regent Taipei for the release of the annual benchmark advocacy document, which provides the Chamber’s recommendations to the Taiwan government on ways to strengthen the Taiwan business climate. This year’s White Paper proposed a total of 80 suggestions from 20 AmCham committee plus three other industry groups.

Accepting the White Paper on behalf of the Taiwan government was Deputy Minister Kung Ming-hsin of the National Development Council (NDC).

AmCham Chairman Dan Silver told the audience that “Taiwan can be a leader across many, many fields and can achieve things that other economies and countries in the region cannot.” But he added that “action is needed” for these positive developments to occur.

Deputy Minister Kung accepted the White Paper on behalf of the Taiwan government.

Deputy Minister Kung accepted the White Paper on behalf of the Taiwan government.

Silver emphasized the government’s need for a more transparent regulatory process, calling attention to Taiwan’s Administrative Procedure Act (APA), a statute that governs the country’s regulation-making procedures. “We are calling on the administrative to look at the APA as an opportunity to step up engagement with the public at the Executive Yuan level,” he stated. Currently, Taiwan’s public-comment period is only seven days, which Silver argued does not allow ample time for feedback. In addition, government agencies normally do not respond to the public comments.

Extending the notification and comment period to 60 days, providing a single website as the platform for feedback to proposed regulations by all government agencies, and requiring the agencies to post their response would create a more transparent process and result in more effective and practical regulations, Silver said. APA reform would also “provide solid evidence of Taiwan’s seriousness about promoting its second-round candidacy for the Trans-Pacific Partnership,” he added.

APA reform would “provide solid evidence of Taiwan’s seriousness about promoting its second-round candidacy for the Trans-Pacific Partnership.” 

The chairman also highlighted the need for the government to ensure a stable energy supply as it tries both to phase out nuclear power and sharply decrease greenhouse gas emissions. In the White Paper, AmCham urges the government to present a detailed, data-driven and realistic plan for meeting future energy demand. Silver also discussed the need for labor regulations that suit the desire by knowledge workers to enjoy flexible working conditions that spur innovation and creativity. 

Chairman Dan Silver presented (?) the WP earlier that day at a press conference

Chairman Silver presented the advocacy document as a press conference earlier that day.

Looking back at the issues raised in the 2015 edition of the White Paper, Silver noted that six issues had been completely resolved, while another eight have shown significant progress. The resolved issues include two each from the Asset Management and Banking Committees, one from Sustainable Development, and one from Technology.

In remarks after accepting the 2016 White Paper, Deputy Minister Kung emphasized the crucial importance for Taiwan’s economic future of gaining membership in the second round of TPP. He also touched on the issues of attracting foreign talent and curbing domestic brain drain, suggesting possible stipends for Taiwanese students to matriculate abroad in exchange for commitments to return to work domestically after graduating.

“Within the first 100 days after Tsai’s inauguration, there is a real opportunity to articulate goals and point the economy in the right direction for improvement.”

He also underscored the new government’s desire to improve public communication and coordination among government agencies. He noted that under the Tsai Ing-wen administration, the NDC will play an even more important role, in that Cabinet ministers will attend Council meetings and develop a consensus on economic policies before they are submitted to the Executive Yuan for final approval.

As the new government has been in office only since May 20, the White Paper comes at an important transitional time for Taiwan. Silver noted that “within the first 100 days after Tsai’s inauguration, there is a real opportunity to articulate goals and point the economy in the right direction for improvement.”

The 2016 Taiwan White Paper can be found online at www.amcham.com.tw/advocacy/white-paper.