December 21, 2005
The
MOEA has established a new inter-ministerial Foreign Direct Investment Task Force in order to further boost FDI in Taiwan. In addition to combining the resources of various government agencies, the Task Force will hold frequent investment seminars and directly seek out potential foreign investors.
Headed by
MOEA vice minister Shih Yen-shiang, the Task Force held its first meeting in November. The task force is made up of representatives from the Council for Economic Planning and Development, Financial Supervisory Commission, Public Construction Commission, Chinese National Association of Industry and Commerce, Chinese National Federation of Industries, Industrial Technology and Research Institute and Taiwan External Trade Development Council.
The
IDIC has adopted four major approaches to seeking out foreign enterprises interested in investing in Taiwan. The first is to look for new investment willingness among existing foreign firms in Taiwan. The second is to identify missing links in Taiwan's industrial production chains and then approach foreign companies that might be interested in filling these gaps. Thirdly, the
IDIC aims to attract foreign enterprises that are interested in establishing relationships with companies in Taiwan's industry clusters, such as the one formed by Taiwan's TFT-LCD makers in the Central Taiwan Science Park. The fourth direction calls for enlisting the support of Taiwan's overseas government units in providing leads on firms in host countries that would find Taiwan an ideal place in which to invest.
As of early November, Taiwan has attracted
USD 3.18 billion in FDI this year. This figure reached
USD 3.9 billion in 2004. The
MOEA's goal for 2006 is to bring in over
USD 4 billion in FDI.
(United Daily News)
E-mail this page.
Invest in Taiwan
