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2018-10-01
Rapid development of the investment environment in China in recent years and the continuous trade war between the United States and China have become important challenges for Taiwanese businesses as they respond to changes and uncover business opportunities. To assist Taiwanese businesses in understanding changes in the investment environment in China and investment opportunities for returning to Taiwan as well as strengthening core competitiveness, Department of Investment Services of the MOEA organized the “2018 Cross-Strait Investment Business Opportunity Seminar” at the NTUH International Convention Center on October 1. The seminar focused on changes in the international economic and trade environment based on the theme of “Opportunities for Taiwanese businesses amid changes in the international investment environment”. It focused on changes in the international economic and trade environment and provides Taiwanese businesses with information for grasping opportunities and mitigating risks in order to turn crises into opportunities and strengthen companies’ competitiveness and sustainability.
MOEA stated that the substantial changes in the investment environment in China in recent years have increased production costs each year. The environmental regulations have become more rigorous and Taiwanese businesses also face the impact of transparency in global financial accounts due to the implementation of the Common Report Standards (CRS). Taiwanese businesses must reconsider their global development plans without delay to mitigate the impact of operations. The trade war between the United States and China increased the cost of many products shipped from China to the United States and it has significant impact on Taiwanese businesses in related industries. MOEA has implemented two plans to assist Taiwanese businesses in the transfer of their production bases in an orderly fashion. If the industry is prepared for transformation and upgrade and can return to Taiwan, MOEA shall help resolve issues and provide investment services through the Invest Taiwan Office based on five deficiencies to expedite businesses’ return and investment in Taiwan. For businesses that require a large labor force and are suitable for development in Southeast Asia, the Ministry will also assist them in the transfer to New Southbound countries and help them seek out production bases to facilitate the orderly transfer of industry clusters.
Jiann-Chyuan Wang, Acting President of Chung-Hua Institution for Economic Research was invited to provide Taiwanese businesses with brand-new concepts for investment and development by analyzing global macroeconomic and political trends in this Seminar. KPMG Vice President Chien-Lang Yeh was also invited to provide a detailed and concise explanation of the new contents in China’s taxation policies and companies’ response measures.
The final panel discussion included Director Meng-Chun Liu of the First Research Division of Chung-Hua Institution for Economic Research, Deputy Secretary-General of the Straits Exchange Foundation Dr. Huai-Chia Lo, Honorary Chairman of the Chinese Professional Management Association of Taipei Dr. Tsu-Liang Shih, Chairman Yong-Fa Lin of Santai Management Consulting Company, and Vice President Chien-Lang Yeh. They discussed in great depth the changes in the investment environment in China, the impact of international taxation trends on Taiwanese businesses, and how Taiwanese businesses should respond to the trade war between the United States and China. They also shared recommendations with Taiwanese businesses on future investment and new directions.
The Seminar attracted more than 100 representatives of Taiwanese businesses. The government will continue to provide investment services through dedicated personnel and projects of the InvesTaiwan Office and accelerate the return of Taiwanese businesses to Taiwan. For businesses that intend to expand to New Southbound countries, the government shall provide investment information, formulate investment missions, and provide investment services to systematically assist the expansion of Taiwanese businesses in New South Bound countries.
Spokesperson: Deputy Director Chen Hsiu-Chuan, Invest Department of Investment Services
Telephone: 02-2389-2111 Ext. 810, 0988-368187
Email: alexchen@moea.gov.tw
Contact Person: Weng Ming-De, Section Manager, Department of Investment Services
Telephone: 02-23892111 Ext. 510, 0921-947522
Email: mtweng@moea.gov.tw
Source: Department of Investment Services, MOEA
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