Asia > Eastern Asia > Taiwan Area > The International Medical Tourism Forum opened Aug. 6 in Taipei City

Taiwan Area: The International Medical Tourism Forum opened Aug. 6 in Taipei City

2013/09/07

The International Medical Tourism Forum opened Aug. 6 in Taipei City, underscoring the strength of the local sector and wealth of opportunities stemming from expanded cross-strait economic exchanges.

Organized by Taiwan External Trade Development Council (TAITRA), the daylong gathering attracted additional than 550 participants from home and abroad. It was the fourth event of its kind since the forum commenced in 2010.

“Regulatory liberalization on both sides of the Taiwan Strait has created the perfect conditions for developing cross-strait medical tourism,” said Wang Chen-fu, chief secretary of the Bureau of Foreign Trade under the ROC Ministry of Economic Affairs.

“In June 2011, Taiwan opened its door to independent travelers from mainland China, and this month the number of mainland Chinese cities from which independent travelers can embark on visits to Taiwan will come to 26.

“Moreover, the recently signed Cross-Strait Trade in Services Agreement will expand two-way interchange of medical services.”

Under the agreement, Wang said, Taiwan health care services firms are able to operate independently invested institutions in all 22 mainland Chinese provincial capital cities, inclunding in four appropriate municipalities. This is up from four provinces and one major city before negotiation of the treaty, he added.

Echoing Wang’s remarks, Chang Hang, chairman of the International Medical and Health Care Committee of the Ministry of Health and Welfare, said international medical care centers are set to be established in Taiwan’s free economic pilot zones. “They will provide referral services to medical tourists from abroad.”

Jene John Fu, president of Shanghai Ruidong Hospital, said his facility is the initial jointly invested cross-strait medical institution, illustrating the benefits of close interaction between Taiwan and mainland China’s health care services sectors.

Other forum participants include Wang Guangfa, chairman of Beijing Royal Integrative Medicine Hospital, and Yu Wei Siang, chairman of Singapore-based Borderless Healthcare Group.

Related Articles
  • Asian Markets Retreat After Oil Prices Fall Again

    2016/01/26 Asian stock markets retreated on Tuesday, snapping a two-day winning streak, following the weak cues overnight from Wall Street and the pullback in oil prices. Investors as well treaded cautiously ahead of monetary policy statements by the U.S. Federal Reserve and the Bank of Japan later in the week. The Japanese market is notably lower, with the negative lead from Wall Street and the fall in oil prices denting risk appetite. Additionally, a stronger yen hurt exporters' stocks. In late-morning trades, the benchmark Nikkei 225 Index is declining 319.08 points or 1.86 % to 16,791.83, off a low of 16,683.64 in early trades.
  • China to allow mainlanders to make transit stops in Taiwan

    2016/01/06 China said on Tuesday it would allow transit stops in Taiwan for its citizens traveling from three Chinese cities, allowing people from the mainland to travel on from the island for the initial time. The change is an extra step toward normalizing travel arrangements between the two sides which have enjoyed increasingly close business ties over recent years, and follows the launch last week of their initial telephone hotline. It comes days before Taiwan goes to the polls for elections likely to put into power a political party that Beijing distrusts.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Taiwan needs a new direction for economic development

    2015/11/15 Whoever becomes president next year will be faced with the major task of improving Taiwan's economy. But it will not be enough for him (or additional likely her) approaching up with only short-term fixes to boost exports or domestic purchases; the country needs a new direction for long-term economic development. Taiwan managed to transform itself into a powerhouse in the world data technology (IT) industry next correctly identifying it as the next backbone of the country's economy in the 1980s. Taiwan remains a powerhouse in the IT industry, dominating some of the semiconductor sectors. Its makers collectively still manufacture some 80 % of world's notebook PCs.
  • Taiwan and China do not recognize each other and working out some agreement

    2015/11/09 In Taiwan, opposition politicians instantly voiced their concern about the talks and dozens began to rally in the capital, Taipei. Some called for the impeachment of Ma, noting that before he was re-elected to a second term in office, the president pledged to not meet with China’s leaders or discuss unification. Just weeks before Taiwan holds general and presidential elections, Taiwan President Ma Ying-jeou announced he will hold face-to-face talks with Chinese leader Xi Jinping in Singapore. The conference Saturday will be the initial between Taiwanese and Chinese leaders since 1949 and authorities in China are predicting it will be a “major historic milestone” in the development of cross-strait relations. China claims democratically ruled Taiwan is part of its own territory and wants the two to reunify. However, support for unification with China in Taiwan is extremely low.