ECCT urges deregulation, improve business environment

09/10/2014 11:48 PM
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Taipei, Sept. 10 (CNA) The European Chamber of Commerce Taiwan Chairman Giuseppe Izzo suggested Wednesday that Taiwan deregulate and improve its business environment.

He noted that there is a tendency for the Taiwan government "to micromanage", saying that "it is impossible to monitor every aspect of the economy" with limited budget and personnel.

He cited as example that the government requires screening and approval of so many products before they can be put on the market, resulting in bottleneck and product delay, and eventually slowing down Taiwan's economic development.

He made the remarks while calling on Premier Jiang Yi-huah who said the government has been actively promoting the liberalization and internalization by asking the National Development Council to engage in deregulations in line with world trend.

Jiang also said that the government's priority is to speed up Taiwan's participation in regional economic integration, including the regional trading blocs of Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership.

The premier said he hopes to create a better economic development environment and promote trade exchanges between Taiwan and Europe.

(By Hsieh Chia-chen and Lilian Wu)


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