The first "economic bubble" business travel arrival will soon happen. On Nov. 11, Economic Affairs Minister Wang Mei-hua confirmed the Central Epidemic Command Center has already approved a three-day, quarantine-free application for an overseas business traveler. Health and Welfare Minister Chen Shih-chung also said there are no confirmed details on Pfizer's COVID-19 vaccine and Taiwan retains the right to choose how many vaccines it wants to purchase. Regarding the "economic bubble" proposal, Chen says the Ministry of Economic Affairs will be legally responsible if anything happens. The CECC is only responsible for reviewing and assisting with the epidemic prevention plan.
To minimize the economic impact of COVID-19, Taiwan's three largest industrial groups called for a "business bubble" or "economic bubble" model that would waive quarantine for business travelers. On the 11th, Economic Affairs Minister Wang Mei-hua admitted the Central Epidemic Command Center has already approved a three-day, quarantine-free stay for an overseas traveler from a foreign electronics company.
We look at the importance, urgency and national contribution level of applications. So, the Ministry of Economic Affairs will be the first checkpoint.
Wang says she cannot divulge which company submitted the application because it is classified information. She also said while the traveler is in Taiwan, he or she will have a government escort at all times. Pfizer recently announced its COVID-19 vaccines would hit the market next year, but Taiwan may only be allocated 2-300. Health and Welfare Minister Chen Shih-chung says he has no information on the vaccine timetable and Taiwan retains its rights to choose its vaccine order size.
There are no clear answers on any vaccine timetables at this time. However, we are accelerating our process.
Chen says there are different types of economic bubbles and the Ministry of Economic Affairs will be legally responsible if anything happens. He also said the CECC is only responsible for reviewing and assisting with the epidemic prevention plan. Asked about rumors of an economic bubble agreement with Singapore, Chen said Taiwan welcomes economic cooperation agreements with anyone as long as disease prevention measures are in place.