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Taiwan: Anti-Human Trafficking Law Drafted

(Nov. 18, 2008) On November 6, 2008, Taiwan's Executive Yuan (Cabinet) approved a draft bill to combat human trafficking. In a press release, Premier Liu Chao-shuian called the bill the “first priority” of the Executive Yuan; the government plans to push for the its passage in the legislature in the near future. If passed, Liu […]

China; Taiwan: Agreements on Direct Transport, Mail, and Food Safety

(Nov. 10, 2008) On November 4, 2008, China (the People's Republic of China, or PRC) and Taiwan (also referred to as the Republic of China) signed several agreements designed to improve economic relations across the Taiwan Strait. Under these new accords, the number of direct flights between the two parties will triple to 108 each […]

Taiwan: Two-Week Ban Was Imposed on Short Selling

(Oct. 15, 2008) It was reported on October 1, 2008, that Taiwan's Financial Supervisory Commission (FSC) had imposed a ban on short selling of borrowed securities and selling on margin for two weeks, until October 14. The FSC had tightened short selling rules effective September 30, 2008 (to last until December 31, 2008), limiting the […]

Taiwan: Political Fundraising Law Amended

(Oct. 10, 2008) Taiwan's Political Fundraising Law of March 18, 2004, was extensively amended and expanded on August 13, 2008. Some highlights of the changes are as follows. The Control Yuan, the state's highest-level watchdog organization and the central government body entrusted with accepting political fundraising disclosure statements, may now entrust the election commissions of […]

Taiwan: Tax Collection Law Amended

(Sept. 10, 2008) Taiwan's Law on Tax Collection was amended on August 13, 2008. The revision adds details on the amount of tax owed that may prompt a ban on the taxpayer's leaving the country – NT1 million (roughly US$31,400) and above for an individual and NT2 million or more for a profit-seeking enterprise, and […]

Taiwan: National Defense Law Amended to Specify Overall Review

(Sept. 8, 2008) On August 6, 2008, article 31 of Taiwan's Natonal Defense Law was amended to specify that the Ministry of National Defense will publicly submit to the Legislative Yuan a “Four-Year-Period Overall Review of National Defense” within ten months after every presidential inauguration. The amendment constitutes a new paragraph 4 in article 31. […]

Taiwan: Labor Insurance Statute Amended

(Sept. 5, 2008) The Statute on Labor Insurance was significantly amended on August 13, 2008. Among other changes are the following. The new Statute divides labor insurance into the two categories and payment types of ordinary accident insurance and occupational disaster insurance. The former includes the five payment categories of life, casualty, incapacity, old age, […]

Taiwan: Sustainable Energy Plan

(July 2, 2008) On June 5, 2008, Taiwan's Executive Yuan (Cabinet) passed guidelines on policies to promote the sustainable use of energy. Under the new guidelines, the proportion of low-carbon energy used to generate power is to be increased by 2025 to 55 percent from the current 40 percent. Nuclear power is listed as an […]

Taiwan: Foodstuffs More Tightly Regulated

(July 2, 2008) Amendments to Taiwan's Food Sanitation Management Law were promulgated on June 11, 2008. Among other measures, the revisions: • provide a definition of “special nutritional supplement, ” in addition to the definition of “foodstuff” found in article 2 of the Law; • stipulate that persons who enter Taiwan bearing foreign foods or […]

China; Taiwan: Reunification Talks Resume After Almost a Decade

(July 2, 2008) The Chairman of the Association for Relations Across the Taiwan Strait (ARATS) of the People's Republic of China (PRC) and the Chairman of the Straits Exchange Foundation (SEF) of the Republic of China (on Taiwan, ROC) resumed talks on cross-strait relations on June 12, 2008, in Beijing, nearly a decade after their […]