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Barriers should be removed to encourage inward investment ( 2010-07-07 )
Barriers should be removed to encourage inward investment (2010/07/07)
Reported Hsiao Jei-Yun
President Ma announced the establishment of a taskforce on the promotion of inward investment. The first wave promotional activities aim to attract NT$1.80tr of investment into Taiwan. However, the business representatives of Europe, the US and Japan all suggest that the Taiwanese government should firstly remove investment barriers, for example to improve the IP rights, to scrap the threshold of tax tariff for foreigners and to allow international companies to invest in public constructions.
The European Chamber of Commerce in Taipei (ECCT) said in an interview that they welcome the establishment of the new taskforce and they hope to make Taiwan a stepping stone for enter into the Chinese market. However, the success of this policy rests upon its implementation plan. The government should create an efficient administration system to enforce the policy.
The ECCT also expressed that the Taiwanese government should relax the regulations on Chinese imports and Chinese capitals.
In this year’s whitepaper prepared by the American Chamber of Commerce (AmCham), it mentioned that many essential elements for the economic regeneration in Taiwan are in place; but, in order to make Taiwan more attractive to international investors, the government should focus more on IP protection, finance market reform and lower income tax rates. The government should also improve the payment prices of NHI-reimbursed drugs so as to encourage the investment in health and pharmaceutical industries.
In the aspect of investment in public construction, the AmCham suggests removing the investment barriers for foreign companies, allowing well-established universities to set to branch campuses in Taiwan and relaxing the immigration regulations on professionals. Last but not least, the TIFA talk should be resumed, said the AmCham
【2010-07-07/ Taiwan Awakening News】 |
