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After the Chinese Group Tour Boom 中國團體旅遊熱潮之後

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December 2018 | Vol. 48 | Issue 12 THE AMERICAN CHAMBER OF COMMERCE IN TAIPEI IN OF COMMERCE THE AMERICAN CHAMBER After the Chinese Group Tour Boom 中國團體旅遊熱潮之後 TAIWAN BUSINESS TOPICS TAIWAN December 2018 | Vol. 48 | Issue 12 Vol. 2018 | December 中 華 郵 政 北 台 字 第 5000 SPECIAL REPORT 號 執 照 登 記 為 雜 誌2019 交 寄 ECONOMIC OUTLOOK Published by the American Chamber Of NT$150 Commerce In Taipei Read TOPICS Online at topics.amcham.com.tw 12_2018_Cover.indd 1 2018/12/9 下午6:55 CONTENTS NEWS AND VIEWS 6 Editorial Don’t Move Backwards on IPR DECEMBER 2018 VOLUME 48, NUMBER 12 7 Taiwan Briefs By Don Shapiro 10 Issues Publisher Higher Rating in World Bank William Foreman Editor-in-Chief Survey Don Shapiro Art Director/ / By Don Shapiro Production Coordinator Katia Chen Manager, Publications Sales & Marketing COVER SECTION Caroline Lee Translation After the Chinese Group Tour Kevin Chen, Yichun Chen, Charlize Hung Boom 中國團體旅遊熱潮之後 By Matthew Fulco 撰文／傅長壽 American Chamber of Commerce in Taipei 129 MinSheng East Road, Section 3, 14 Taiwan’s Hotels Grapple with 7F, Suite 706, Taipei 10596, Taiwan P.O. Box 17-277, Taipei, 10419 Taiwan Oversupply Tel: 2718-8226 Fax: 2718-8182 旅 e-mail: [email protected] website: http://www.amcham.com.tw Although market demand is flat, additional new hotels continue to 050 2718-8226 2718-8182 be constructed. 21 Airbnb on the Brink in Taiwan Business Topics is a publication of the American Taiwan Chamber of Commerce in Taipei, ROC. Contents are independent of and do not necessarily reflect the views of the Changes in regulatory approaches Officers, Board of Governors, Supervisors or members. are expected to cut deeply into © Copyright 2018 by the American Chamber of Commerce in Taipei, ROC. All rights reserved. Permission to reprint original the home-sharing platform’s material must be requested in writing from AmCham. Production done in-house, Printing by Farn Mei Printing Co., Ltd. Taiwan business. 10866 23 Taiwan Seeks to Attract 5000 Muslim Tourism ISSN 1818-1961 Both economic and political considerations are behind the Chairman/ Albert Chang Vice Chairmen/ Leo Seewald, Vincent Shih move to reduce the island’s Secretary: Fupei Wang Treasurer: C.W. Chin dependence on visitors from 2017-2018 Governors: China. Albert Chang, William Farrell, Revital Golan, Tim Ju, Seraphim Ma, Leo Seewald, Vincent Shih. 2018-2019 Governors: Anita Chen, C.W. Chin, Edward 18 Developing a More Global Shober, Joanne Tsai, Daniel Tseng, Fupei Wang. MICE Perspective 2018 Supervisors: Petra Jumpers, Joyce Lee, Timothy 國 Shields. COMMITTEES: Taipei has its attractions as a Agro-Chemical/ Melody Wang; Asset Management/ site for international events, but Christine Jih, Derek Yung; Banking/ Paulus Mok; Capital Markets/ Nadia Chen, Mandy Huang, C.P. Liu; Chemical it needs a fresh mindset to win Manufacturers/ Charles Liang, Michael Wong; Cosmetics/ Shirley Chen, Julien Jacquet, Abigail Lin; CSR/ Lume Liao, business in the ultra-competitive Fupei Wang; Energy/ Randy Tsai; Human Resources/ Asia market. Vickie Chen, Richard Lin, Monica Han, Seraphim Ma; Infrastructure/ Wayne Chin, Paul Lee; Insurance/ Dan Ting, Linda Tsou, Dylan Tyson; Intellectual Property & Licensing/ Jason Chen, Peter Dernbach, Vincent Shih; TAIWAN BUSINESS Marketing & Distribution/ Wei Hsiang; Medical Devices/ Raghavendra Shenoy, Joanne Yao; Pharmaceutical/ Petra 26 Improved Outlook for Office Jumpers, Wendy Lin, Lai Li Pang; Public Health/ Joyce Lee, Sophia Lee, Tim Shields; Real Estate/ Tony Chao; Retail/ Furniture Makers Ceasar Chen, Mark Chen, Prudence Jang; Sustainable Development/ Kenny Jeng, Cosmas Lu, Kernel Wang; Tax/ The U.S.-China trade war and Stella Lai, Cheli Liaw, Josephine Peng; Technology/ Cynthia Chyn, Revital Golan, Hans Huang; Telecommunications demand for sit-stand desks are & Media/ Thomas Ee, Joanne Tsai; Transportation & Logistics/ (tba); Travel & Tourism/ Pauline Leung, Achim v. helping drive growth for Taiwanese Hake. manufacturers. By Jens Kastner 4 TAIWAN BUSINESS TOPICS • DECEMBER 2018 12 contents.indd 4 2018/12/9 下午9:01 DECEMBER 2018 • VOLUME 48 NUMBER 12 BACKGROUNDER 28 Accessibility for Taiwan’s Disabled: A Work in Progress Attitudes and facilities have improved, but much more still needs to be done. By Steven Crook AMCHAM EVENT 42 Bringing Hawaii to Taipei: 35 SPECIAL REPORT The 2018 American Ball The Big Question Mark for 2019: What’s Ahead in the U.S.-China Trade War? SPONSORED CONTENT Forecasts for Taiwan’s economic growth next year currently range between 24 Cadence: 30 Years of 2.18% and 2.5%. Innovation Driving the By Jane Rickards 撰文／李可珍 Semiconductor Industry 32 The Taoyuan Aerotropolis is Set to Take Off 44 Seeing Taiwan Life in the Slow Lane: Dalin and Fenglin TAIWAN BUSINESS TOPICS • DECEMBER 2018 5 12 contents.indd 5 2018/12/10 下午12:59 E D I T O R I A L Don’t Move Backwards on IPR aiwan took a major step forward a year ago in protecting leaders held it up as a great example of how the country values and intellectual property rights when legislators passed a law to protects intellectual property. T establish a “Patent Linkage” system for safeguarding patents Now, if Taiwan becomes the first country in the world to adopt on pharmaceuticals. a Patent Linkage system while not protecting biologics, it would call Distressingly, the government now appears to be preparing to take that commitment to IP rights into serious question. Instead of Taiwan a big step backward by limiting the coverage of that law. Rules being becoming a regional leader in the biomedical sector as it has envi- proposed by the Ministry of Health and Welfare for implementing the sioned, its competitiveness would be put at risk, not only as a base for legislation would be restricted to protecting patents of conventional international companies but also for its own innovative enterprises. drugs (derived from chemical sources) from infringement by generics. Pressure to limit the Patent Linkage coverage has come from the While requiring biologic drugs (derived from biological sources) domestic drug industry. But that stance is short-sighted. Without a to register their patent information, the rules would do nothing to steady stream of biologic drugs entering the market, the opportunity prevent “biosimilars” from infringing on the patents of biologics. will be reduced for future development of “biosimilars” – less costly Emasculating the legislation in this way would be a huge blow to imitations of biologics that are different from generics in that they’re the industry. Within just a few years, biologics – which can include not exact copies. vaccines, blood products, and gene therapy – are expected to account AmCham Taipei has been one of numerous business organizations for more than half of the worldwide pharmaceutical market. that have strongly urged the Taiwan authorities to reverse course. Even more significantly, excluding biologics from the patent That message has come not only from the other major international protection would be a major setback to Taiwan’s efforts to position chambers of commerce in Taiwan, but also from: itself as a tech-savvy, knowledge-based economy – especially in the • PhRMA (Pharmaceutical Research and Manufacturers of growing field of biomedicine, a key piece of the Tsai administration’s America) “5+2 Innovative Industry” strategy. • The U.S.-based Biotechnology Innovation Organization (BIO) The Patent Linkage system alerts manufacturers of patented drugs • Japan Pharmaceutical Manufacturers Association about a generic product that might enter the market before the patent • International Federation of Pharmaceutical Manufacturers and on the original drug expires. The warning gives companies time to Associations (IFPMA) headquartered in Switzerland. mount a legal defense for products they’ve spent millions researching, After more than 10 years of fighting for Patent Linkage – and developing, and marketing. having celebrated what last year appeared to be a significant step For more than 10 years, AmCham Taipei – through the Taiwan forward – AmCham Taipei appeals to the Taiwan authorities to White Paper and other channels – has urged Taiwan to implement stay on the right path of ensuring full and fair IPR protection. Don’t Patent Linkage. The issue has also been a key item in U.S.-Taiwan squander the widespread international goodwill that Taiwan gained a trade talks. After the law was passed last December, Taiwanese year ago with passage of Patent Linkage. 年前，立法院修訂藥事法，建立「專利連結」制度，以保 促政府建立專利連結制度。這也是美台貿易談判的重要議題。去年 障藥品專利權，讓台灣對於智慧財產權的保護向前邁進一 12月通過修訂藥事法時，台灣政府領袖表示，這項修法是台灣重視 大步。 並且保護智財權的明顯例證。 但令人失望的是，政府如今似乎準備倒退一大步，要限制這項 如果台灣成為全球第一個引進專利連結制度卻不納入生物製劑的 修法的適用範圍。根據衛生福利部草擬的「專利連結」立法施行細 國家，這將使得台灣保護智財權的承諾遭到嚴重質疑。台灣不僅無 則，這項法律將只用來保障（以化學原料製造的）傳統藥品的專利 法如本身預期成為區域內生醫產業的領導者，它做為跨國企業據點 權，使其不受學名藥的侵犯。 與國內創新企業本身的競爭力都會受到不利影響。 生物製劑（以生物而非化學成分製成的藥品）雖然需要登記專利 要求限制專利連結適用範圍的壓力，來自台灣內部的學名藥製 資訊，但施行細則將無法防止「生物相似藥品」侵犯生物製劑的專 造廠商，但這樣的立場是短視的。除非經常有生物製劑藥品進入市 利。 場，生物相似藥品未來發展的機會將會減少。所謂生物相似藥品是 以這種方式讓法律弱化，對業界來說將會是個重大打擊。在短短 成本較低的生物製劑仿製品，跟學名藥的差別在於生物相似藥品與 幾年之內，可能包括疫苗、血液產品與基因療法在內的生物製劑， 專利藥的成分並非完全相同。 預料將攻下全球製藥市場一半以上的產值。 台北市美國商會是眾多強力敦促台灣政府改弦更張的企業機構之 更重要的是，台灣在努力成為以知識為基礎的高科技經濟體， 一。發出這項呼籲的不僅有台灣其他主要國際商會，還包括： 特別是要發展正在蓬勃發展的生醫產業，而且這也是蔡政府五加二 美國藥品研究暨製造商協會 產業創新計畫的重要一環。若將生物製劑排除在專利保護的範圍之 總部設在美國的生物技術創新組織 外，將會重剉台灣在這方面的努力。 日本製藥工業協會 如果有學名藥可能在原本專利藥品的專利權到期之前上市，生產 總部設在瑞士的國際藥品製造廠暨協會聯盟 相關專利藥品的廠商可以透過專利連結制度獲得通知。這個通知讓 台北市美國商會為專利連結奮鬥了10年以上，而且去年剛為了似 藥廠有時間準備司法訴訟，保護他們投下龐大經費研發與行銷的產 乎是很重要的進展而高興，如今要籲請台灣政府繼續走在正確的道 品。 路上，確保智財權獲得完整而公平的保護。台灣去年通過建立專利 過去10多年，台北市美國商會透過《台灣白皮書》與其他管道敦 連結制度，獲得國際各界的善意回應，不應虛擲。
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  • Coming Back Home After the Sun Rises: Returnee Entrepreneurs and Growth of High Tech Industries

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    G Model RESPOL-2772; No. of Pages 17 ARTICLE IN PRESS Research Policy xxx (2012) xxx–xxx Contents lists available at SciVerse ScienceDirect Research Policy jou rnal homepage: www.elsevier.com/locate/respol Coming back home after the sun rises: Returnee entrepreneurs and growth of high tech industries a,b c,∗ d Martin Kenney , Dan Breznitz , Michael Murphree a Department of Human and Community Development, University of California, Davis, United States b Berkeley Roundtable on the International Economy, United States c The Scheller College of Business, Georgia Institute of Technology, United States d Sam Nunn School of International Affairs, Georgia Institute of Technology, United States a r t i c l e i n f o a b s t r a c t Article history: Recently, the role of returnees in the economic development of various East Asian nations has received Received 6 November 2011 much attention. The early literature on the relocation of the most highly trained individuals from a devel- Received in revised form 30 July 2012 oping nation to a developed nation viewed the phenomena as a “brain drain.” Since the 1990s, a new Accepted 4 August 2012 strand of thinking has suggested that for developing nations this was actually a positive phenomenon; as Available online xxx these expatriates studied and then worked abroad, they absorbed technical expertise, managerial, and entrepreneurial skills. These theories stipulated that these expatriates then returned home, and ignited Keywords: a virtuous circle of technological entrepreneurship leading to rapid economic development. Much of this High skilled immigrants Innovation literature gives returnees a critical role in the home country’s take-off period of the local information and communications technology (ICT) industry.
  • 2016-2017 CCKF Annual Report

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  • Oct 18Cover.Indd 1 a Publication of the Community Services Center Centered CELEBRATING TAIWAN's on TAIPEI ART COMMUNITY Vol

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  • Travel & Culture 2019

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    July 2019 | Vol. 49 | Issue 7 THE AMERICAN CHAMBER OF COMMERCE IN TAIPEI IN OF COMMERCE THE AMERICAN CHAMBER TRAVEL & CULTURE 2019 TAIWAN BUSINESS TOPICS TAIWAN July 2019 | Vol. 49 | Issue 7 Vol. July 2019 | 中 華 郵 政 北 台 字 第 5000 號 執 照 登 記 為 雜 誌 交 寄 ISSUE SPONSOR Published by the American Chamber Of Read TOPICS Online at topics.amcham.com.tw NT$150 Commerce In Taipei 7_2019_Cover.indd 1 2019/7/3 上午5:53 CONTENTS 6 President’s View A few of my favorite Taiwan travel moments JULY 2019 VOLUME 49, NUMBER 7 By William Foreman 8 A Tour of Taipei’s Old Publisher Walled City William Foreman Much of what is now downtown Editor-in-Chief Taipei was once enclosed within Don Shapiro city walls, with access through Art Director/ / five gates. The area has a lot to Production Coordinator tell about the city’s history. Katia Chen By Scott Weaver Manager, Publications Sales & Marketing Caroline Lee 12 Good Clean Fun With Live Music in Taipei American Chamber of Commerce in Taipei Some suggestions on where to 129 MinSheng East Road, Section 3, go and the singers and bands 7F, Suite 706, Taipei 10596, Taiwan P.O. Box 17-277, Taipei, 10419 Taiwan you might hear. Tel: 2718-8226 Fax: 2718-8182 e-mail: [email protected] By Jim Klar website: http://www.amcham.com.tw 16 Taipei’s Coffee Craze 050 2718-8226 2718-8182 Specialty coffee shops have Taiwan Business TOPICS is a publication of the American sprung up on nearly every street Chamber of Commerce in Taipei, ROC.
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    Taiwan and Los Angeles County Taipei World Trade Center Taiwan and Los Angeles County Prepared by: Ferdinando Guerra, International Economist Principal Researcher and Author Robert A. Kleinhenz, Ph.D., Chief Economist Kimberly Ritter-Martinez, Economist George Entis, Research Analyst February 2015 Los Angeles County Economic Development Corporation Kyser Center for Economic Research 444 S. Flower St., 37th Floor Los Angeles, CA 90071 Tel: (213) 622-4300 or (888) 4-LAEDC-1 Fax: (213)-622-7100 E-mail: [email protected] Web: http://www.laedc.org The LAEDC, the region’s premier business leadership organization, is a private, non-profit 501(c)3 organization established in 1981. GROWING TOGETHER • Taiwan and Los Angeles County As Southern California’s premier economic development organization, the mission of the LAEDC is to attract, retain, and grow businesses and jobs for the regions of Los Angeles County. Since 1996, the LAEDC has helped retain or attract more than 198,000 jobs, providing over $12 billion in direct economic impact from salaries and over $850 million in property and sales tax revenues to the County of Los Angeles. LAEDC is a private, non-profit 501(c)3 organization established in 1981. Regional Leadership The members of the LAEDC are civic leaders and ranking executives of the region’s leading public and private organizations. Through financial support and direct participation in the mission, programs, and public policy initiatives of the LAEDC, the members are committed to playing a decisive role in shaping the region’s economic future. Business Services The LAEDC’s Business Development and Assistance Program provides essential services to L.A.
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    Taipei Liaison Office in the RSA SA-TAIWAN eNews APRIL 30TH, 2019 PUBLISHER: MATTHEW CHOU ISSUE 4 I, and the South African Government, have enormous appreciation for the contribution that the Government of the Republic of China (Taiwan) has made to the commitment of the Govern- ment sector in the economic development in Africa. The ROC (Taiwan) further, made a gener- ous and much appreciated contribution to South Africa's transition to democracy . Statement by President Nelson Mandela—27 November 1996 President Tsai Pledges to Advance Women’s Economic Empowerment President Tsai Ing-wen said that she In politics, Tsai said, women account is committed to advancing women’s for nearly 40 percent of legislators economic empowerment and ensur- and mayors in Taiwan, adding that ing all members of society can fully the younger generations are also contribute to boosting prosperity in making waves with the inclusion of the Indo-Pacific. four home-grown talents in such prestigious global listings as Forbes When more women are able to pur- Magazine 30 Under 30 Asia list. sue their aspirations, countries be- come more prosperous and the re- Taiwan is ready, willing and able to gion more stable, Tsai said. The gov- President Tsai Ing-wen delivers a share its know-how in encouraging ernment will continue working to keynote address at the Women’s more women to start businesses and create an environment where Empowerment Summit in Taipei creating work environments in which women can grow, succeed and pur- they are visible and supported, Tsai City. (Courtesy of PO) sue their dreams, she added.
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    IFEA World Festival and Event City Award 2017 New Taipei City Contents Mayor’s Message 3 Introduction 4 Section 1 5 Community Overview Section 2 16 Section 1 Section 2 Section 3 Governmental Support of Community Festivals and Events Community Overview Community Festivals and Events Festivals Section 3 52 Governmental Support of Festivals Section 4 61 Non-governmental Community Support of Festivals and Events Section 5 69 Leveraging “Community Capital” Created by Festivals and Events Section 6 81 What Lies Ahead Section 4 Section 5 Section 6 Appendix 83 Non-governmental Community Leveraging “Community Capital” What Lies Ahead Support of Festivals and Events Created by Festivals and Events Supporting Materials As a citizen of New Taipei City Every year, an average of 12,000 In 2016, the festival and behalf of the New Taipei marathon enthusiasts demonstrated 5,239 square Mayor’s Message City Government, I am pleased participates and competes meters projection mapping on Mayor’s Message to support New Taipei City’s among many top international New Taipei City Hall which submission for a 2017 IFEA runners. The Sky Lantern became the largest projection World Festival and Event City Festival in Pingxi District has mapping in Taiwan and Award. held for 18 years, attracting over attracted more than 3,000,000 300,000 attendance around the attendance. The world famous New Taipei City government time of the Lantern Festival. As magazine “Harper’s Bazaar” and non-governmental thousands of sky lanterns named the festival as “The communities hold all kinds of ascend into the dark sky, they world’s most amazing festivals and events every year, carry the blessings of people to Christmas tree.” such as sports, religions, music the heavens.