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2018-09-26
2018 Taiwan Business Alliance Conference
Contact Taiwan, Invest Taiwan, Bravo Taiwan. The Taiwan Business Alliance Conference is Taiwan's most prestigious annual investment promotion activity. Every year, senior managers of leading multinational corporations are invited to present their views on current industry trends and the government's major industrial policies. In addition, leading companies often use the Conference as an opportunity to sign Letters of Intent (LOI). This annual Conference is attended by hundreds of senior executives representing leading multinational corporations. It provides an opportunity for corporate decision-makers, industry experts and venture capital firms to gain an in-depth understanding of Taiwan's investment environment, as well as its competitive strengths and new business opportunities. The Conference also showcases Taiwan's investment promotion achievements. The theme of this year's Conference is "Contact Taiwan, Invest Taiwan, Bravo Taiwan." Building on the foundation of the government's "5+2 Industrial Innovation Plan" and "Forward-Looking Infrastructure Development Program", this year's Conference will highlight sectors such as smart manufacturing, artificial intelligence (AI), cloud computing, medicine and medical equipment, information security, circular economy, railway vehicles, AR/VR, gaming and other emerging sectors. Through its investment promotion efforts, Taiwan welcomes overseas companies to invest in Taiwan and creates more technology partnerships with Taiwanese firms. These efforts will help spur further industrial innovation and growth within Taiwan's economy. For this year's Conference, the MOEA has invited distinguished leaders from many multinational corporations to share their views on industry trends and the outlook for investment in Taiwan. In addition, leading government officials will discuss new government policies that are focused on creating a Taiwanese investment environment that provides fertile soil for the growth of new innovation-oriented industries. Representatives from several leading corporations will share their experiences of investing in Taiwan, focusing on areas such as key technologies, strategic alliances and the industrial ecosystem. This year's Conference will provide an excellent opportunity to learn about Taiwan's evolving investment environment as well as gain insight into strategies being used by leading international corporations to grow within today's rapidly changing global economic and trading environment. ●Conference website: <a href="http://2018tba.cier.edu.tw" target="_blank" title="http://2018tba.cier.edu.tw">http://2018tba.cier.edu.tw</a> ●Time and date: October 8th, 2018 (Mon.) 09:00~16:45 ●Venue: Taipei International Convention Center (TICC), Room 101 (1 Hsin-Yi Rd.,Sec.5,Taipei 11049,Taiwan ROC) ●Contact tel. no.:+886-2-8797-7333 ext. 109 (Ms. Chen) ●Contact e-mail: <a href="mailto: 2018tba@arteck.com.tw">2018tba@arteck.com.tw</a> ●Contact fax no.: +886-2-8797-1777 ●Attendance: Attendance at the Conference is free (please remember to bring your business card with you)
2018-07-31
Taiwan’s recycling achievements a boost for circular economy
Premier Lai Ching-te touted Taiwan’s world-leading recycling efforts during opening remarks at the 20th anniversary exhibition of the Environmental Protection Administration’s Resource Recycling Fund on Tuesday, saying Taiwan’s recycling rate of 52.51 percent (4.13 million metric tons recycled) in 2017 fell behind only Germany and Austria. He thanked people from all sectors of Taiwan society for their hard work. The exhibition showcases 20 years of Taiwan’s progress and achievements in environmental protection, which may be grouped into several periods, the premier said. During the first period, the free-market era, families collected bottles and cans for sale back to stores. The second period spanned from 1988 to 1997 and was one of entrepreneurial autonomy; the first item to be recycled by the recycling alliance established at the time were plastic bottles. This year, a Taiwanese method of recycling PET bottles into textiles was used to produce uniforms for nearly half of the 32 finalist teams at the 2018 FIFA World Cup. Taiwan’s PET bottle recycling rate now reaches as high as 95 percent. What follows now is the era of the resource regeneration and recycling fund, and has become a thriving period for recycling, Premier Lai continued. The nation’s recycling endeavors have also entered the global era, with countries sending PET bottles to Taiwan for processing and Taiwan exporting its technologies and experiences abroad. In terms of consumption, the people of Taiwan have embraced green consumption and are phasing out single-use or disposable containers and products. Central and local governments are also promoting green procurement policies, devoting approximately NT$9 billion (US$294 million) each year to procuring products bearing green certification labels. In resource regeneration, the Executive Yuan has been advocating the use of waste products for public construction purposes, such as reusing incinerator bottom ash in construction material.
2018-02-01
Premier: Circular economy creates win-win for economy, environment
Premier Lai Ching-te today applauded the Environmental Protection Administration (EPA) for actively promoting a circular economy through regulatory, technological and control mechanisms. President Tsai Ing-wen has included the circular economy in her “five plus two” innovative industries policy, and nations worldwide are also seeking ways of raising efficiency in resource use. The EPA examined successful practices by the Netherlands to formulate a strategy for recovering resources from waste products, the premier said. The strategy spells out measures for managing production and consumer waste and sets specific targets for 2020. Premier Lai directed other agencies to support the strategy, and asked the EPA to be thorough in its implementation in order to create a more efficient circular economy for Taiwan. At present, the EPA, Public Construction Commission and Ministry of Economic Affairs (MOEA) are engaged in a number of cooperative projects with local governments, including waste sorting and disposal technologies, factories for converting food waste to bioenergy, and the use of recycled aggregate for construction purposes, the premier said. The EPA has drafted a plan to promote recycling and reuse, saying all waste should be regarded as resources. Perpetual recycling of materials will be promoted at all stages, from production and consumption to disposal and regeneration. The EPA has joined forces with the MOEA, Ministry of Science and Technology, Ministry of the Interior, Ministry of Transportation and Communications, Ministry of Health and Welfare, and Council of Agriculture to promote waste recycling and build society around the circular economy.
Advantages
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Taiwan is an ideal place for energy and resource integration technologies and waste recycling
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Taiwan spares no effort in promoting resource integration at industrial parks
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Taiwan is a vital global base for the research, development and manufacturing of optoelectronics and semiconductors
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Taiwan’s intellectual property framework is in line with international standards
Policy Focus
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In Taiwan, the government has established a resource recycling system with the enactment of the “Waste Disposal Act” and the “Resource Recycling Act”, thereby authorizing the competent authorities for the different industries to draft related rules and regulations governing industrial waste and resource recycling.
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The government has a plan to establish a new materials cycling industrial park in Kaohsiung City, which will be used for the development of new materials and to promote research and development into high-value-added new green materials.
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The Circular Economy New Materials Industrial R&D Area will combine Taiwan’s existing scientific R&D capabilities and industrial parks, and a high level national materials team will be organized in accordance with national policy needs with the aim of kick-starting R&D.
Investment with Government Participation
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To accelerate the transformation and upgrading of Taiwan's industries, the National Development Fund invests up to 49% of total equity in enterprises under the 5+2 Industrial Innovation Plan - Smart Machinery, Asia Silicon Valley, Green Energy, Biomedicine, Defense, New Agriculture, and Circular Economy. The National Development Fund has allocated NT$10 billion for investment in SMEs, cultural/creative industries, strategic services, and strategic manufacturing industries, with total investment not to exceed 49%. Investment is conducted in conjunction with a professional management company.
Tax and Tariff Incentives
- Business income tax rate in Taiwan is 20%.
- Up to 15% of R&D expenses may be credited against the profit-seeking enterprise income tax payable by the company in the current year.
- Imported machinery that is not yet manufactured domestically may enjoy tariff-free treatment.
- Royalty payments to foreign companies for imported new production technologies or products that use patents, copyrights, or other special rights owned by foreign companies are, with the approval of the Ministry of Economic Affairs, exempt from the business income tax.
- For operators stationed in Export Processing Zones, Science Parks and Free Trade Zones, imported raw materials, fuel, materials, semi-processed goods, and machinery may be exempt from import duty, commodity tax, and sales tax. The business tax rate on goods and services shipped abroad from such areas is zero.
R&D Subsidies
Success Stories
Nikko Metal Taiwan Co., Ltd.
Nikko Metal was established in 1998 and is a subsidiary of JX Holdings, the second largest manufacturing company in Japan and a global leader in its market.
Investments in Taiwan
Nikko Metal completed Phase I construction of its factory in the Hsinchu Science Park’s Longtan Park in November 2014. In response to growing demand from its customers, Nikko Metal made a further investment and successfully completed Phase II construction in 2015.
Assistance provided by InvesTaiwan
InvesTaiwan helped Nikko Metal clarify relevant Environmental Protection Administration laws and regulations based on the company’s requirements, and also shortened the administrative process, which allowed Nikko Metal to implement more quickly its investment projects.
Source: InvesTaiwan
Contact
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InvesTaiwan Service Center
Email:service@invest.org.tw / Information Window for Key Innovative Industries
Add: 10046 8F, No.1 Xiangyang Road, Taipei, Taiwan
Download
Key Innovative Industries in Taiwan - Circular Economy (2.23MB)