NDC responds to AmCham Taiwan business climate survey

2022/01/21

The government is working to bring Taiwan’s regulatory and business environment more in line with international standards and join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, according to the Cabinet-level National Development Council Jan. 19.
 
The NDC’s remarks follow the release of the 2022 Business Climate Survey earlier the same day by the American Chamber of Commerce in Taiwan. Conducted between Dec. 1, 2021 and Jan. 7, 2022, the survey involves 178 AmCham members and serves as reference for the Taiwan government in setting economic policy directions.
 
According to the survey, the voting members have deep roots in Taiwan, with over two-thirds of respondents working for firms that have been operating in the country for more than two decades. About 87 percent are confident about Taiwan’s economic outlook for the next twelve months.
 
The survey found that a record 90 percent expressed optimism about revenue growth for the next twelve month, with over 40 percent intending to increase employee headcount.


The government is committed to revitalizing the economy, the NDC said. This is evidenced by policies that help Taiwan reach economic growth of 4.25 to 4.6 percent this year such as increasing pay in the public sector, as well as a roadmap for the country’s efforts to attain net-zero emissions, the council added.
 
Established in 1951 with more than 1,000 members from 500-plus companies, AmCham is a nonprofit, nonpartisan organization dedicated to promoting the interests of American and international businesses in Taiwan. 


Source: Taiwan Today (https://taiwantoday.tw/index.php)