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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
Focus of Policy
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Circular Economy Promotion Plan
The Plan integrates resources from different government agencies with the aim of incorporating the concepts of the circular economy and sustainable innovation into all kinds of economic activities. Specifically, the government has adopted four major implementation strategies for the two major goals of "circular industry" and "industry circles". They include the "promotion of circular technologies and material innovation," "creation of a new circular economy demonstration park," "promotion of green consumption and exchanges," and "integration of energy resource integration and promotion of industrial symbiosis."
The plan is designed to help key industries (e.g., metallurgy, petrochemicals, and other materials industries) develop innovative material technologies and increase the value of renewable resources. It will also tap into the capabilities of industry, government, academia, and research institutions to implement a new circular economy demonstration park, and to share the experience that the government has accumulated in the process of integrating resources and planning for the implementation of its strategies. -
Establishment of Taiwan Circular Economy 100 (TCE100)
The "Taiwan Circular Economy 100" (TCE100) was established in 2019. As of July 2021, 245 industrial firms, government agencies, academic entities, and research institutions have joined TCE100. Events such as seminars and forums are organized to facilitate the exchange of ideas between members and frequent visits to industry trade associations have been organized so the government can better understand the problems faced by industry and use them as reference for policymaking.
Tax Incentives
- The profit-seeking enterprise income tax rate is 20%.
- Up to 15% of the company's R&D expenditures may be deducted from its profit-seeking enterprise income tax for current year; or up to 10% of such expenditures may be credited over three years against the profit-seeking enterprise income tax payable by the company.
- Royalty payments to foreign companies for imported new production technologies or products that use patents, copyrights, or other special rights owned by foreign companies is, with the approval of the Industrial Development Bureau, MOEA, exempt from the corporate income tax.
- Imported machinery which local manufacturers cannot produce are eligible for duty-free treatment.
- Investment in smart machinery/5G: For investments of no less than NT$1 million and no more than NT$1 billion, either "5% of investment spending deducted from profit-seeking enterprise income tax (current FY)" or "3% of investment spending deducted from profit-seeking enterprise income tax, if total spending spread over three years" may be selected, but the total amount deducted may not exceed 30% of corporate income tax that year. The applicable period is expected to be extended to December 31, 2024.
- A company employee who has obtained stock compensation worth a combined total of less than NT$5 million and continuously held the stock while remaining in the company's employ for at least two years may choose to be taxed on the market price of the stock at either the time the stock was obtained or the time the stock is sold, whichever is lower.
- Foreign special professionals who meet criteria are eligible for a 50% deduction of total income tax for amounts exceeding NT$3 million.
- Companies that set up operations in export processing zones, science industrial parks, or free trade ports are eligible for exemptions on import duties, commodity tax, and business tax for the import of machinery and equipment, ingredients, fuel, materials, and semi-finished products for their own use.
- Companies that use undistributed earnings to engage in substantive investments may exclude the amount when calculating their profit-seeking enterprise income tax.
Research and Development Subsidies
Success Stories
International Brands and Taiwanese Businesses Jointly Develop the Circular Economy Value Chain
- Major international brands such as IKEA and Decathlon have worked with suppliers in Taiwan to establish a circular economy value chain to demonstrate the green value of their brands. For instance, IKEA plans to reduce overall carbon emissions by 80% from their 2016 level by 2030, and to implement the use of sustainable or renewable materials for all products by 2030. Decathlon plans to reduce the carbon emissions of individual products by 40% from their 2016 level by 2026.
- Major international manufacturer Dell has successfully worked with strategic partners in Taiwan in the establishment of a green supply chain and led the IT industry in the creation of innovative collaboration models for the circular economy to significantly reduce its impact on the environment. Dell has recycled over 21.5 million pounds of closed-loop plastic materials in more than 125 product lines including computers, monitors, and servers.
- Japanese companies JX Nippon Mining & Metals and Tanaka Precious Metals have invested in the recycling of gold, silver, and copper in Taiwan. NIPPON REFINE and World Resources Company from the United States have invested in the recycling of metals such as copper, nickel, and zinc. The RETHMANN Group from Germany operates the recycling of plastic bottles for the production of long-fiber plastic materials.
Enhancing Energy Recycling and Reuse Efficiency in Plants
- German company Merck has three entities in Taiwan engaged in R&D and production work involving special materials, and has implemented energy conservation projects since 2006. These projects have improved the dehumidification efficiency of the company's air-conditioning system, reuse wastewater recycled from processes, and recover rainwater to continuously reduce carbon dioxide emissions and waste of water resources. In addition, Merck actively incorporated green concepts into the product and development procedures in 2020. It has developed 890 alternative green products and introduced the first green quantitative chemical analysis tool and biodegradable solvent in the industry. Merck also works with semiconductor supplier Topco Scientific Co., Ltd. to create one-stop services for green semiconductor materials and accelerate the green transformation of Taiwan's electronics industry.
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
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Key Innovative Industries in Taiwan - Circular Economy (8.81MB)