Gov’t to speed up import of materials needed for biotechnology

Taiwan’s Ministry of Science and Technology has set up a one-stop window to make it easier to import raw materials needed for the nation’s biotechnology industry. That was the word from Minster Chen Liang-gee on Monday.

In an effort to keep up with the global pharmaceutical market, Taiwan has introduced a plan that will help its biotechnology industry. It is expected to help boost industry revenues to more than NT$650 billion (US$21.6 billion) in 2020.

Chen said the one-stop window was set up in response to calls from within the industry.

We hope that a mechanism which [allows] horizontal reviews can help speed up the industry’s R & D and operations,” said Chen. “The [service] will make things slightly faster and help satisfy the [need] for the quick development of innovative biotechnology.”

Chen promised to conduct a review of the service in the future, particularly in areas where the government can help speed up the process.

Source: Radio Taiwan International