CIECA News Letter No. 40 /September, 2015 Index World News ................................................................ ...............................P.01 Europe ................................................................ ................................ P.01 Asia & Oceania .................................................................................... P.03 Africa ................................................................ ................................. P.08 America ................................................................ .............................. P.09 Trade & Investment Delegation and Seminar ....................................... P.11 The 15th Taiwan-Germany Joint Business Council Meeting ............. P.11 The 29th Joint Conference of ROC-Australia & Australia-Taiwan. P.13 The 40th Joint Conference of ROC-Korea and Korea-Taiwan Business Councils ............................................................................................. P.14 The 11th Taiwan-Hungary Joint Business Council Meeting ............. P.16 The 31th Sweden–Taiwan Joint Business Council Meeting ............. P.17 The 4th Finland-Taiwan Business Forum .......................................... P.18 The 3rd Norway-Taiwan Joint Business Council Meeting ................ P.19 Trade & Investment Opportunities in El Salvador .............................. P.19 Taiwan Reports ......................................................................................... P.20 Taiwan News ........................................................................................ P.20 Summary of Exports and Imports for September 2015 ....................... P.21 Economic Index ................................................................................... P.22 An Outline of Republic of China’s Economics ................................... P.23 2015 CIECA Event Plan ........................................................................... P.26 CIECA’s international business covers all foreign countries and areas, except for USA, Japan and Chinese Mainland, which are handled by certain specially established bi-lateral economic promotion associations. World News compensation for an alternative reserve Europe option. While the levy now seems to be Germany to shut down coal-fired scrapped, it remained unclear whether plants, extend power grid companies such as RWE or Vattenfall The German government will announce Europe would get compensation on Thursday (2 July) a decision to order payments or not. the shutdown of several coal-fired Unconfirmed media reports earlier in plants in order to reach its ambitious the week have said the utilities may be climate goals by 2020, according to allowed to move 2.7 gigawatts of old government sources. coal-fired capacity into a reserve Chancellor Angela Merkel and the scheme in the coming years, netting a leaders of her two junior coalition few hundred million euros in the parties also settled a dispute over process. (7/2 Reuters) high-voltage power lines which are planned to carry green energy from the breezy north to the industrial south, the Waste oil generated by car oil sources said. changes is recycled to make clean Energy minister Sigmar Gabriel is industrial oil expected to explain the results of the Each time thousands of mechanics and coalition negotiations which lasted workshops across Spain carry out oil more than four hours at a news changes on vehicles, wasted conference on Thursday morning. contaminated oil is generated, which "Coal-fired plants with a capacity of 2.7 has to be disposed of. This dirty oil is gigawatts will be shut down," said the also a side product of many government sources, who declined to manufacturing processes, generating say how many plants will be closed. thousands of tons of dirty oil every "The affected power plants will not be week right across Spain. allowed to sell electricity on the normal Disposed of incorrectly, this oil could energy market," they said, adding that easily contaminate water tables or end with this step Germany would manage up in rivers, water ways, lakes and even to reach its goal to curb CO2 emissions the sea, so correct disposal is essential by 40% by 2020 compared with 1990 to protect the environment from the levels. disaster. Gabriel originally proposed putting a Waste oil across Spain is collected by levy on CO2 emitted by the oldest and an organization called SIGAUS, a body most-polluting power stations above a financed by the major names in vehicle certain threshold to help reach a target manufacturing and vehicle fuel of cutting CO2 emissions from the coal provision, who collect this waste oil sector by a further 22 million tons by and recycle it, collecting the dirty oil 2020. drained out engines during an oil But he faced a backlash from industry, change and converting it into clean fuel with unions saying the plan could put and a clean product, which can be used up to 100,000 jobs at risk and lead to in a number of manufacturing the decline of the mining and power applications as well as for industrial generation industries. fuel. The utility companies have lobbied Recovered oil is treated in different hard against the levy and demanded ways depending on the results of an 1 initial evaluation of its quality in order and government red tape and to minimize its impact on the bottlenecks have been steadily environment. The majority of waste oil eliminated. can be regenerated, yielding new Much of the credit belongs to reform lubricant bases. And the rest can be Prime Minister and President Turgut treated to produce fuel for industrial Ozal, who held office from 1983 to use. During 2014, SIGAUS carried out 1993. He was a close friend and ally of 174,000 waste oil collection operations, President George H.W. Bush. Their collecting 510 tons of waste, some partnership was vital during the Persian 5710, 000- liter tankers each day of the Gulf War of 1990-91. year. Good News for Everyone The G-20 partnership is of consequence Turkey hosts G-20 meetings, to military and security concerns, symbolizing progress especially given the membership of Turkey has just hosted important China and Russia, but of most direct meetings of top representatives of the importance to economic problems — Group of 20 (G-20) nations. Finance and opportunities. In today's rapidly ministers met Sept. 4-5, labor and evolving global societies as well as employment ministers Sept. 3-4, both economies, there is a large policy in the capital city, Ankara. The agenda. organization began in 1999 to further The fact that poor people worldwide coordinate monetary policies in the are becoming better off is good news aftermath of the enormous Asian for everyone. They represent new financial crisis. The member nations competitors in the global economy, but together account for approximately 85 also our potential consumers and percent of the world's gross economic commercial partners. Thanks to trade product. and investment, general war is less Much discussion was devoted to the likely — though possible. financial and growth problems of China. U.S. President Barack Obama shrewdly This is nothing new. At the 2010 G-20 picked Pittsburgh as the site for the fall summit, held in Seoul, the United 2009 G-20 summit. In the 1980s, that States spearheaded criticism of the city symbolized economic decline, as extremely large financial surpluses domestic steel manufacturing faded and accumulating in China. Other nations at unemployment approached 20 percent. that time criticized growing U.S. debt. Sustained high-tech investment has This time, the most significant news is turned that around. that Turkey holds the G-20 presidency At the 2009 summit, Bill Gates of in 2015. Earlier finance minister Microsoft dedicated a new computer meetings were held in February and science complex at Carnegie-Mellon April in Istanbul and Washington, D.C. University. Apple, Disney, Google and A summit of national leaders is planned Intel are some of the other relatively for November. recent investors in the city. Over the past quarter century, Turkey's The cataclysmic experience of 20th economy has moved from uncertainty century wars demonstrated that to become a powerhouse. Growth has protectionism is ultimately been strong, both corruption and self-defeating and nationalism is inflation have been greatly reduced, dangerous. Likewise, market 2 competition is generally advantageous. allies return to power. The G-20 provides a workable means "When I spoke to Thaksin, he told me of encouraging prosperity and stability. to pretend to be dead a little longer," The American people made a red shirt leader Kwanchai Praipana, a fundamental commitment to popular pro-Thaksin leader in the international leadership early in our northeastern province of Udon Thani, direct participation in World War II. In told Reuters. early 1942, the Gallup Poll recorded the "He told me to ... wait until the next rapid decline of traditional isolationism. election. That will be the moment that A majority of respondents indicated for we will win. The only question is the first time that the U.S. should play whether an election will ever take an active role in world affairs. This place." commitment has been sustained, though Kwanchai said he spoke to Thaksin a notably reduced for a time after the month ago, though he did not specify Vietnam War. how they communicated. Thaksin, who At the same time, there has been lives abroad to avoid a jail sentence for noticeable growing public support for graft,