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August 2018 | Vol. 48 | Issue 8 THE AMERICAN CHAMBER OF COMMERCE IN TAIPEI IN OF COMMERCE THE AMERICAN CHAMBER A New Era for AIT AIT的新時代 TAIWAN BUSINESS TOPICS TAIWAN August 2018 | Vol. 48 | Issue 8 Vol. 2018 | August SPECIAL REPORT 中 華 郵 政 北 台 字 第 5+2 INDUSTRIES UPDATE ANALYSIS AMCHAM 2018 DOORKNOCK 5000 號 執 照 登 記 為 雜 誌 交 寄 ISSUE SPONSOR Published by the American Chamber Of NT$150 Commerce In Taipei Read TOPICS Online at topics.amcham.com.tw 8_2018_Cover.indd 1 2018/8/7 上午7:37 CONTENTS NEWS AND VIEWS 6 Editorial America’s “Indo-Pacific Economic AUGUST 2018 VOLUME 48, NUMBER 8 一○七年八月號 Vision” 美國的「印太經濟願景」 7 Taiwan Briefs 發行人 Publisher By Ben Parker William Foreman 傅維廉 Editor-in-Chief 總編輯 10 Issues Don Shapiro 沙蕩 A Briefing from the Economics Associate Editor 副主編 Tim Ferry 法緹姆 Minister; Sharing Economy Art Director/ 美術主任/ Production Coordinator 後製統籌 Association Launches in Taiwan Katia Chen 陳國梅 By Don Shapiro and Sonia Su Manager, Publications Sales & Marketing 廣告行銷經理 Caroline Lee 李佳紋 Translation 翻譯 Kevin Chen, Yichun Chen, Charlize Hung, COVER SECTION Andrew Wang 陳又銘, 陳宜君, 洪兆怡, 王先棠 By Don Shapiro 撰文／沙蕩 15 A New Era for AIT American Chamber of Commerce in Taipei AIT 的新時代 129 MinSheng East Road, Section 3, 7F, Suite 706, Taipei 10596, Taiwan P.O. Box 17-277, Taipei, 10419 Taiwan The organization will soon move Tel: 2718-8226 Fax: 2718-8182 into impressive new quarters in e-mail: [email protected] website: http://www.amcham.com.tw Taipei’s Neihu district. 名稱：台北市美國商會工商雜誌 發行所：台北市美國商會 17 A Farewell Conversation with 臺北市10596民生東路三段129號七樓706室 電話：2718-8226 傳真：2718-8182 AIT Director Kin Moy Taiwan Business Topics is a publication of the American 19 New Leadership Team at AIT Chamber of Commerce in Taipei, ROC. Contents are independent of and do not necessarily reflect the views of the Officers, Board of Governors, Supervisors or members. 19 Present at the Creation © Copyright 2018 by the American Chamber of Commerce in Taipei, ROC. All rights reserved. Permission to reprint original A look back at the founding and material must be requested in writing from AmCham. Production done in-house, Printing by Farn Mei Printing Co., Ltd. early days of AIT. 登記字號：台誌第一零九六九號 印刷所：帆美印刷股份有限公司 經銷商：台灣英文雜誌社 台北市108台北市萬華區長沙街二段66號 發行日期：中華民國一○七年八月 中華郵政北台字第5000號執照登記為雜誌交寄 ISSN 1818-1961 TAIWAN BUSINESS 24 CTCI Wins by Rebranding Chairman/ Albert Chang A leading engineering company seeks to Vice Chairmen/ Leo Seewald, Vincent Shih Secretary: Fupei Wang reposition itself. Treasurer: C.W. Chin By Timothy Ferry 2017-2018 Governors: Albert Chang, William Farrell, Revital Golan, Tim Ju, Seraphim Ma, Leo Seewald, Vincent Shih. ANALYSIS 2018-2019 Governors: Anita Chen, C.W. Chin, Edward Shober, Joanne Tsai, Daniel Tseng, Fupei Wang. 26 Amid Uncertainty, Spreading Some 2018 Supervisors: Petra Jumpers, Joyce Lee, Timothy Good News Shields. The 2018 AmCham Doorknock delega- COMMITTEES: Agro-Chemical/ Melody Wang; Asset Management/ tion stressed the recent progress on Christine Jih, Derek Yung; Banking/ Paulus Mok; Capital resolving White Paper issues. Markets/ Nadia Chen, Mandy Huang, C.P. Liu; Chemical Manufacturers/ Charles Liang, Michael Wong; Cosmetics/ By Don Shapiro Shirley Chen, Julien Jacquet, Abigail Lin; CSR/ Lume Liao, Fupei Wang; Energy/ Randy Tsai; Human Resources/ Vickie Chen, Richard Lin, Monica Han, Seraphim Ma; Infrastructure/ Wayne Chin, Paul Lee; Insurance/ Dan Ting, Linda Tsou, Dylan Tyson; Intellectual Property & BACKGROUNDER Licensing/ Jason Chen, Peter Dernbach, Vincent Shih; Marketing & Distribution/ Wei Hsiang; Medical Devices/ 47 A Taxing Problem: Taiwan’s Raghavendra Shenoy, Joanne Yao; Pharmaceutical/ Petra Comparatively High Personal Jumpers, Wendy Lin, Lai Li Pang; Public Health/ Joyce Lee; Real Estate/ Tony Chao; Retail/ Ceasar Chen, Mark Income-tax Rates Chen, Prudence Jang; Sustainable Development/ Kenny Jeng, Cosmas Lu, Kernel Wang; Tax/ Stella Lai, Cheli Liaw, For a variety of reasons, Singapore and Josephine Peng; Technology/ Cynthia Chyn, Revital Golan, Hong Kong can manage just fine with Hans Huang; Telecommunications & Media/ Thomas Ee, Joanne Tsai; Transportation & Logistics/ Wayne Pi; Travel & significantly lower tax rates. Tourism/ Pauline Leung, Achim v. Hake. By Jane Rickards 2 taiwan business topics • august 2018 8 contents.indd 2 2018/8/7 下午4:20 august 2018 •• VolumeVolume 48 48 number number 8 8 CoVer sP onsor InDustrY F Cus sPeCIal rePort on tHe 5 InnoVatIVe InDustrIes 32 Green Energy – Challenges and Opportunities 公認的創新研發領導者，1902年成立的3M公司長期致力於整合並應 Taiwan aims to provide 20% of 用科學以增進生活的美好。隨著超過320億美元的銷售額，3M全球員 electrical power generation from renewable energy sources by 工超過9萬人，與遍及全球各地的顧客並肩同進，滿足客戶各式各樣 2025. 的產業需求。3M自1969年起深耕台灣，目前有超過千餘位員工在製 By Timothy Ferry 造、研發、業務行銷等不同領域提供顧客服務，在台銷售超過30,000 36 Asia Silicon Valley: Dreams of IoT Successes 種商品，於台北設有辦公室，台中、高雄各有一個客戶互動中心，物 Major multinationals are engaging 流中心設於桃園市大園區，生產線及技術研發中心則設立於桃園市楊 in research and training programs in 梅區，於2005年在南部科學園區成立台灣明尼蘇達光電股份有限公 Taiwan. 司，為唯一專業製造光學增光膜的生產單位。欲了解更多3M創新解 By Courtney Donovan Smith 39 Getting Taiwan’s Biomedicine 決方案，請至：www.3m.com.tw Prescription Right Transforming Taiwan into a regional biomedical hub will require some About 3M imagination. By Matthew Fulco 42 In Defense of Taiwan Founded in 1902, 3M today is a recognized leader in research and development and produces thousands of innovative products for A robust indigenous defense indus- dozens of diverse markets. At 3M, we apply science in collaborative try would help Taiwan counter Chi- na’s unflagging military buildup. ways to improve lives daily. With US$32 billion in sales, our 90,000 By Matthew Fulco employees connect with customers all around the world. 45 Smart Machinery: Building Taichung Into a World Established in 1969, 3M Taiwan is based in Taipei and has Powerhouse customer engagement centers in Taichung and Kaohsiung; a By Courtney Donovan Smith warehouse in Dayuan, Taoyuan City; as well as a plant and a Customer Technical Center in Yangmei, Taoyuan City. In 2005, 3M SPONSORED CONTENT Taiwan Optronics Corporation was established in the South Taiwan Science Park. Altogether more than 1,000 3M employees are 50 Taiwan Tourism Bureau: serving customers around Taiwan. Learn more about 3M’s creative Seeing Taiwan solutions to the world’s problems at www.3M.com or on Twitter @3M or @3MNewsroom. taiwan business topics • ecebe 201 3 8 contents.indd 3 2018/8/7 下午4:20 E D I T O R I A L America’s “Indo-Pacific Economic Vision” .S. Secretary of State Mike Pompeo recently set out an ingness to embrace. inspiring vision for how the American government and The three specific initiatives that Pompeo outlined in his speech U private sector can work together with countries in the Indo- are all highly relevant to Taiwan: Pacific to promote peace, stability, and prosperity. • Digital Connectivity and Cybersecurity Partnership. These are Although the bulk of the details have yet to be worked out, areas that the Taiwan and U.S. governments have already been AmCham Taipei applauds the Secretary’s remarks as long-sought exploring as opportunities for cooperation. With its strong recognition of the vital importance of beefing up the U.S. economic background in technology industries and prominent participa- presence in the Indo-Pacific region in the face of ever more severe tion in the supply chains of key U.S. companies, Taiwan has competition from China. He delivered a clear message that the much to offer in helping to build regional capacity. Trump administration’s decision last year to walk away from the • Asia EDGE (Enhancing Development and Growth through Trans-Pacific Partnership should not be interpreted as a weakening Energy). To meet its goal of eliminating nuclear power and of American commitment to this part of the world. reducing the burning of coal by 2025, Taiwan will be looking At a time when free trade has all too often come under fierce to substantially increase its imports of LNG from the United attack, the Pompeo speech was also a welcome affirmation of the States. Taiwan also hopes to play a role as a hub for wind positive contribution that fair and responsible international trade power development in the region. and investment can make to global security and prosperity. • Infrastructure. Taiwan has numerous upcoming projects that Also heartening was Pompeo’s explicit inclusion of Taiwan could be of interest to U.S. engineering companies, including among the economies in the region that have enjoyed strong partner- airport expansion, a new LNG receiving terminal, and mass ship with the United States in the past and that can be expected to transit lines. play an active role in the future in the new initiatives being proposed. When the Chamber’s 2018 Doorknock delegation was in Wash- “In Taiwan, economic development went hand-in-hand with ington, D.C. in June, it frequently heard U.S. officials express their creating an open, democratic society that blossomed into a high- desire to find new and creative ways to bolster the U.S. economic tech powerhouse,” Pompeo said, addressing a business forum in relationship with Taiwan, since many of the traditional mechanisms Washington D.C. sponsored by the U.S. Chamber of Commerce on have faced political and institutional obstacles. July 30. The newly enunciated Indo-Pacific Economic Vision should America’s unwavering dedication to the shared principles of provide just such an opportunity to achieve some breakthroughs. freedom and openness were a recurring theme throughout his AmCham Taipei hopes that consultations between U.S. and Taiwan remarks. So were other principles – high standards, transparency, officials will now lead to well-defined programs for the two sides to and adherence to the rule of law – that Taiwan has shown its will- pursue, ideally with plenty of room for private sector involvement. 美國的「印太經濟願景」 美國國 的 的願景美國印 的 太的國國的 的美 經 的 的美 美國的 的 國的的美國經印太的 的 的美國的 「」 的太 「」 美國印太國的 美國的 經的 的 的國經濟 的 美國的 的 的 美國的印太經濟 美國「」 的 美國美美經 美國 的的 的「 的 經濟的 美國的「印太經濟願景」美 」 的美國美 的美國美的 的的 的 6 taiwan business topics • august 2018 8 Editorial.indd 6 2018/8/7 上午11:11 T A I W A N B R I E F S — BY BEN PARKER — TAIWAN'S JAN.
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    TUNG HO STEEL ENTERPRISE CORPORATION Annual Report 2017 Publication Date: April 16, 2018 Annual Report Website: TWSE Market Observation Post System: http://mops.twse.com.tw The Company Website: www.tunghosteel.com 1 /2017 A. The name, title, telephone number, and e-mail address of the spokesperson or deputy spokesperson Spokesperson: Hsiu-Chih Chen Title: Associate Manager Tel: (02) 2551-1100 ext705 Email: [email protected]: Deputy Spokesperson: Ju-Yu Ho Title: Associate Manager Tel: (02) 2551-1100 ext611 Email:[email protected] Deputy Spokesperson: Shu-Mei Ko Title: Manager Tel: (02) 2551-1100 ext568 Email: [email protected] B. Contact address and telephone number of the head office, branch offices and factories Headquarters: 6F., No.9, Sec. 1, Chang’an E. Rd., Zhongshan Dist., Taipei City 10441 Tel: (02) 2551-1100 Fax: (02) 2562-6620 Kaohsiung Works: No.8, Jiaxing St., Xiaogang Dist., Kaohsiung City 81257 Tel: (07) 802-3131 Fax: (07) 801-0696 Taoyuan Works：No.116, Caota, Nebrh. 8, Vil. Baozhang, Guanyin Dist., Taoyuan City 32847 Tel: (03) 476-1151 Fax: (03) 476-1609 Miaoli Works: No.22, Pingding, Erhu Vil. Xihu Township, Miaoli County 368 Tel: (037) 923-333 Fax: (037) 923-311 Taichung Port Logistic Center: No.455, Sec. 3, Lingang Rd., Wuqi Dist., Taichung City 43547 Tel: (04)2656-2000 Fax: (04) 2656-5500 C. The name, address, website and telephone number of the agency handling shares transfer Name: The Share Transfer Agency of Yuanta Securities Co., Ltd. Add: 10366 B1, No.310, Sec. 3, Chengde Rd., Datong Dist., Taipei City 10366 Website: www.
  • The Indigenous World 2015

    The Indigenous World 2015

    3 THE INDIGENOUS WORLD 2015 Copenhagen 2015 THE INDIGENOUS WORLD 2015 Compilation and editing: Cæcilie Mikkelsen Co-editor: Sille Stidsen Regional editors: Arctic & North America: Kathrin Wessendorf Mexico, Central and South America: Alejandro Parellada Australia and the Pacific: Cæcilie Mikkelsen Asia: Christian Erni and Christina Nilsson The Middle East: Cæcilie Mikkelsen Africa: Marianne Wiben Jensen and Geneviève Rose International Processes: Lola García-Alix and Kathrin Wessendorf Cover and typesetting: Jorge Monrás Maps: Jorge Monrás English translation: Elaine Bolton Proof reading: Elaine Bolton Prepress and Print: Eks-Skolens Trykkeri, Copenhagen, Denmark © The authors and The International Work Group for Indigenous Affairs (IWGIA), 2015 HURRIDOCS CIP DATA All Rights Reserved Title: The Indigenous World 2015 Edited by: Cæcilie Mikkelsen The reproduction and distribution of information contained Pages: 569 in The Indigenous World is welcome as long as the source ISSN: 1024-0217 is cited. However, the translation of articles into other ISBN: 978-87-92786-52-4 languages and the reproduction of the whole BOOK is not Language: English allowed without the consent of IWGIA. Index: 1. Indigenous Peoples – 2. Yearbook – 3. International Processes The articles in The Indigenous World are produced BISAC codes: LAW110000 Indigenous Peoples on a voluntary basis. It is IWGIA’s intention that The REF027000 Yearbooks & Annuals Indigenous World should provide a comprehensive update POL035010 Political Freedom & Security / Human Rights on the situation of indigenous peoples worldwide but, Geografical area: World unfortunately, it is not always possible to find authors to Publication date: April 2015 cover all relevant countries. The articles reflect the authors’ own views and opinions and not necessarily those of IWGIA itself.
  • Taiwan's Pivot to the Indo-Pacific

    Taiwan's Pivot to the Indo-Pacific

    Asia-Pacific Review ISSN: 1343-9006 (Print) 1469-2937 (Online) Journal homepage: https://www.tandfonline.com/loi/capr20 Taiwan’s Pivot to the Indo-Pacific David Scott To cite this article: David Scott (2019) Taiwan’s Pivot to the Indo-Pacific, Asia-Pacific Review, 26:1, 29-57, DOI: 10.1080/13439006.2019.1618602 To link to this article: https://doi.org/10.1080/13439006.2019.1618602 Published online: 17 Sep 2019. Submit your article to this journal View related articles View Crossmark data Full Terms & Conditions of access and use can be found at https://www.tandfonline.com/action/journalInformation?journalCode=capr20 Asia-Pacific Review, 2019 Vol. 26, No. 1, 29–57, https://doi.org/10.1080/13439006.2019.1618602 Taiwan’s Pivot to the Indo-Pacific DAVID SCOTT This article analyzes the Indo-Pacific pivot currently being pursued by Taiwan. It moves from theory application to policy analysis. Theory is applied in the shape of classical and critical geopolitics, social constructivism theory, social identity theory, role theory, strategic narrative theory, and balance of threat theory. Disputed identity and perceptions run through such theory application. Policy analysis is applied to Taiwan’s reaching out to South-east Asia, Australia and India via its New Southbound Policy, to Taiwan seeking entry to the Trans- Pacific Partnership, to Taiwan reactivating the Austronesian Forum, and to Taiwan embracing the Free and Open Indo-Pacific framework being pushed by Japan and the US. The People’s Republic of China (PRC) emerges as the clear driver behind Taiwan’s Indo-Pacific pivot. The article concludes by judging the effectiveness of Taiwan’s pivot, against the shadow of increasing pressure from the PRC to curtail such regional space sought by Taiwan in the Indo-Pacific.