TAIPEI (Taiwan News) — The Chinese National Federation of Industries Tuesday released a white paper with recommendations to address Taiwan's challenges in domestic demand, exports, labor shortages, and energy policy.
The agency urged the government to ease policies for migrant workers by allowing more into the manufacturing sector or extending their legal working period in Taiwan. It also recommended postponing the carbon fee system, set to begin next year, for two years to mitigate the impact of US tariffs, per Economic Daily News.
The agency also called on the government to review national energy policy and diversify power generation sources. It stressed the need to help industries develop diverse export markets to stay competitive and assist businesses in adopting AI applications to drive transformation.
Pan Chun-jung (潘俊榮), the federation's chair, said that Taiwan has four million homes over 30 years old. He urged the government to accelerate urban renewal efforts, which are expected to boost the construction, manufacturing, and service sectors.
Pan added that most companies agree with raising the minimum wage in response to inflation in Taiwan. However, he highlighted that increasing electricity rates would have a significant impact on businesses.
To address labor shortages, the National Development Council launched a digital nomad program this year for individuals who work remotely. The council has also eased work regulations for graduates of top foreign universities and overseas Taiwanese graduates. Under the new rules, qualified foreign professionals with a one-year residence permit can apply for permanent residency.
The council added that the government has introduced initiatives and subsidies to help domestic companies adopt AI applications and automation. It has also collaborated with relevant agencies to launch AI talent training programs. The council pledged to continue supporting local firms in purchasing low-carbon equipment and promoting smart manufacturing.
