Premier encourages industry leaders to advance social prosperity

  • Date: 2016-08-23
  • Source: Department of Information Services, Executive Yuan
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Social  prosperity  requires  the  support  of  businesses,  and  businesses  have  a  responsibility  to  promote  social  prosperity,  Premier  Lin  Chuan  said  today  during  a  conference  of  leaders  of  local  industry  groups.

With  Taiwan’s  economic  growth  lagging  expectations  and  investments  declining  to  worrisome  levels,  the  government  must  improve  the  investment  and  business  environment  to  encourage  continued  operations  by  companies,  the  premier  said.  However,  authorities  must  first  address  the  shortage  of  local  resources,  particularly  in  land,  water,  electricity,  talent  and  labor.

On  the  topic  of  industrial  transformation,  Premier  Lin  said  the  government  will  invest  in  five  key  innovative  industries—biomedicine,  an  Asian  Silicon  Valley,  intelligent  machinery,  green  energy  technology  and  national  defense.

To  create  an  Asian  Silicon  Valley,  the  government  will  grow  a  new  industry  by  linking  the  internet  of  things  and  big  data  with  mechanized  production.  To  provide  new  startups  and  talents  with  more  room  for  development,  the  government  will  adjust  market  mechanisms  and  change  business  laws  such  as  the  Company  Act,  which  is  expected  to  be  amended  by  the  Ministry  of  Economic  Affairs  (MOEA)  by  May  2017  to  relax  regulations  and  encourage  industrial  development.

As  for  precision  machinery  and  national  defense,  Premier  Lin  said  Taiwan’s  machinery  and  materials  industries  must  achieve  more  technological  breakthroughs  and  join  hands  with  the  defense  industry.  The  government  will  sponsor  the  domestic  manufacture  of  aircraft  and  vessels  with  the  aims  of  obtaining  international  certification,  commercializing  and  exporting  related  products,  and  eventually  bringing  the  industry  on  par  with  Japanese  and  German  standards.

On  pharmaceutical  biotechnology,  the  premier  said  Taiwan  can  use  its  many  achievements  in  this  area  to  improve  the  standards  of  generic  drug  manufacturing  and  turn  drug  development  into  another  promising  field  for  Taiwan.  The  pharmaceutical  biotech  industry  can  also  help  develop  medical  supplies  by  integrating  with  machinery  and  other  basic  material  industries.

Turning  to  recent  labor-management  issues,  Premier  Lin  said  employers  and  employees  should  help  each  other  and  pursue  dialogue  for  mutual  benefit  and  harmony.  By  communicating  their  expectations  and  needs,  the  two  sides  can  negotiate  ways  to  overcome  problems  together.  Businesses  are  a  driving  force  for  social  progress,  and  they  are  expected  to  fulfill  social  responsibilities  and  make  their  best  contributions.  The  government  will  work  with  businesses  to  advance  national  prosperity,  allowing  all  of  society  to  share  in  the  profits  of  businesses.

Today’s  industry  representatives  made  a  broad  range  of  recommendations  including  domestic  manufacturing  of  aircraft  and  vessels,  amendments  of  outdated  environmental  protection  laws,  awarding  of  construction  bids,  recycling  of  steelmaking  slag,  and  disposal  of  sewage  sludge  cake.  On  hand  to  respond  were  officials  from  the  National  Development  Council,  the  MOEA,  the  Environmental  Protection  Administration,  the  Ministry  of  Labor,  and  the  Public  Construction  Commission.