The China Post
Date: November 11, 2016
By: Joseph Yeh
TAIPEI, Taiwan — The European Chamber of Commerce Taiwan (ECCT, 歐洲在台商務協會), an
advocacy group representing European business interests, on Thursday released a position paper that called on the Taiwan government to further liberalize its regulatory system.
Titled “Gearing Up Taiwan’s Revival,” ECCT’s 2017 position paper brought up 143 issues for the Taiwan government to address.
Eighty-five of them were unresolved issues from previous years, while the remaining 57 were new issues that needed to be tackled, ECCT Chairman Bernd Barkey said.
“Taiwan is a great place for investment and great place to do business. However, we want Taiwan to keep up with global development, especially with neighboring countries moving at a great speed.
“Because we love this country, we want it to become even better.”
Barkey said the ECCT welcomed Taiwan government’s desire to spur the revival of local economies by focusing on five major innovative industries.
However, he said Taiwan’s regulatory system remained “somewhat clogged when many industries are subject to painfully slow bureaucracy in the form of approval processes and procedures, which are slowing down their development.” [FULL STORY]