Foreign investment in Taiwan increases in 2004; government sets date for Taiwan Business Alliance Conference

April 13, 2005

Foreign investment in Taiwan in 2004 continued to grow, according to statistics from the Investment Commission under the Ministry of Economic Affairs. In 2004, the MOEA approved 1,149 foreign investment projects worth a total of NT$3,952,788,000. The number of approved cases in 2004 increased by 6.59% over 2003, while the investment amount increased by 10.55%. These statistics point to increased confidence and strength in Taiwan investments in the eyes of foreign investors.

The MOEA's Industrial Development and Investment Center (IDIC) brought in 36 foreign investment projects in 2004, including Kanto Denka of Japan and Infineon Technologies of Germany, worth an approximate total of NT$23 billion. This amount is almost a 54% increase over 2003 (NT$ 14.89 billion).

The IDIC said that many foreign companies are closely watching Taiwan's display industry, as the government is gradually increasing incentive measures with the hopes of forming an industry cluster. The government will continue to seek to bring more foreign investment to Taiwan in 2005 and is currently planning to dispatch delegations to Europe, the US, and Japan to court investment. In addition, the government has set Sept. 22 as the date for the 2005 Taiwan Business Alliance Conference.

The IDIC also announced the feature topic at this year's conference -- Taiwan's development potential and competitive advantages for nanotechnology and industry applications. The IDIC is inviting high-profile international speakers to give keynote speeches, and plans to hold separate panel discussions on traditional industries (textiles and raw materials), optoelectronics, energy, and medical biotechnology. Top-level representatives from both foreign and Taiwan corporations will also be invited to give speeches and participate in the discussions. Other topics include an introduction to related industries using nanotechnology in Europe, the US, and Japan; development trends; the status of nanotechnology and its potential in Taiwan; technical partnerships; and investment opportunities. In addition, representatives from government research organizations will also be invited to speak about their R&D work in nanotechnology, as well as related policies and incentive measures designed to promote industry use of nanotechnology.

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