2013 Business Climate Survey
What impacts their business?
Consistently over the past three years, respondents have rated “changes in local demand” as the factor having the biggest impact on their operations. That is not surprising, considering that most of the member companies focus chiefly on the Taiwan market. Among other factors cited, however, most are areas in which the Taiwan government can have a direct and substantial influence. These include inconsistent regulatory interpretations, governmental bureaucracy, inadequate/out-dated laws and regulations, conditions hampering companies’ ability to recruit appropriate personnel, insufficient notice before changes to regulations or laws are introduced, lack of transparency, and government reform/restructuring. Two of the top ten responses were new to the list this year: Insufficient notice before changes to regulations or laws are introduced, and government reform/restructuring.
■ Which of the following impact your operation in Taiwan, and how much of an impact do they have?
Top Ten Responses Overall 2013 2012 2011 Ranking Ranking Ranking
Issues
1
1
1
Changes in local demand
2
2
3
Inconsistent regulatory interpretations
3
4
2
Governmental bureaucracy
4
6
5
Inadequate/out-dated laws
5
3
4
Ability to recruit appropriate new personnel
6
New in 2013
Insufficient notice before changes to regulations or laws are introduced
7
5
7
Currency exchange rate fluctuations
8
8
9
Changes in employment expenses
9
10
10
10
New in 2013
Lack of transparency Government reform/restructuring
taiwan business topics • february 2013
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