Radio Taiwan International
A recent survey by Taipei’s American Chamber of Commerce shows that two-thirds of American companies in Taiwan were profitable last year and plan to hire more personnel this year. Nearly 47% said they plan to increase investment in Taiwan in 2017.
The chamber said that although the figures show growth, companies are not growing fast enough. That’s mainly due to the slow growth of the global and local economy. It also advised Taiwan to join international trade agreements and continue talks with the US under the Trade and Investment Framework Agreement (TIFA).
As for the challenges of doing business in Taiwan, the chamber cited cumbersome administrative processes, as well as uncertainty over labor laws. [FULL STORY]