October 23, 2006
Vice Minister of Economic Affairs Hsieh Fa-dah touted the government's recently unveiled investment stimulus package at the World Chinese Traders Convention in early October.
Formulated by the cabinet-level Executive Yuan, the "Large-Scale Investment" and "Big Warmth" Plans, and "Plans for Industrial Development" aim to improve the business environment and open new fields for industrial development.
Hsieh said that under thes plans, the government aims to achieve a
GDP per person of
USD 20,000 by 2009 and
USD 30,000 by 2015; in the spirit of the meeting, he added that companies from the Chinese-speaking world were also welcome to invest in Taiwan.
Hsieh made the announcement in the final day of the convention, now in its 25th year. He appealed to the meeting of representatives of Chinese companies from all over the globe to "invest in Taiwan", and explained the government's current financial and administrative policy direction.
In his remarks, Hsieh presented the Cabinet's national development vision, encapsulated in the slogan a "A Prosperous, Just, Sustainable, and Beautiful Taiwan". Hsieh discussed how the vision would be achieved through the new programs in three stages, with a timetable and systematic blueprint set from 2007 to 2015.
The Large-Scale Investment and Big Warmth plans are part of the "Three Year ' Sprint' Plan -- Plans for Industry Development", which comprise the first stage of the government initiative. The subsequent stages fall under two other flagship plans entitled "Building a Superior Investment Environment" and "Initiating a New Era in Industrial Development".
Hsieh listed measures and action plans being implemented by the
MOEA to build a strong investment environment, which included providing land rent incentives, funding, and ample human resources; improving administrative efficiency; and promoting foreign investment in Taiwan.
The
MOEA will screen and research emerging industries and assist in the upgrading and transformation of traditional industries, while providing assistance to already-existing industries in transition and helping weaker industries to create a new playing field for industrial development, said Hsieh.
Hsieh also offered industrial output targets for 2009 for emerging industries, with wireless broadband and related services at
NTD 128 billion; digital home electronics,
NTD 640 billion; health care,
NTD 320 billion; and green industries,
NTD 192 billion.
Various development measures and plans would raise the figures in these industries to
NTD 1.152 trillion, 2.656 trillion, 576 billion and 640 trillion respectively by 2015, said Hsieh.
In addition to emerging industries, the
MOEA will also provide assistance to industries looking to upgrade or transform. Hsieh noted that in 2005, manufacturing industry output totaled
NTD 11.7 trillion, with the government is hoping that this figure will reach
NTD 14 trillion by 2009. Manufacturing and labor production output in 2005 totaled
NTD 980,000 per person; the government hopes that this figure would increase to at least
NTD 1.24 million per person by 2009.
Hsieh stressed that with Taiwan's democratic system, its industrial policies were transparent, and the island has already established a solid base for a knowledge economy. Moreover, he added, Taiwan companies are experienced and hold a strong grasp of the international market, which present advantages for investing in Taiwan.
(Central News Agency, Taipei Times)
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