President Tsai vows to improve Taiwan's investment environment
Taipei, Aug. 24 (CNA) President Tsai Ing-wen (蔡英文) vowed to improve the investment environment in Taiwan and lauded the country's display industry as being worthy of continuous investment, during an international smart display exhibition Wednesday.
The display industry has been an important pillar of Taiwan's economy, which has not only created considerable output value but also job opportunities, Tsai said during a speech on the first day of the three-day International Smart Display and Touch Panel Exhibition in Taipei.
She added that the display industry has also played a significant role in Taiwan's economic transformation and in sustainable development.
Despite fierce global competition, Taiwan's display industry remains strong and ranks No. 2 in the world, the president said, describing it as the result of the unrelenting efforts by domestic companies in the field.
With the widespread adoption of touchscreen devices and the demand to make them thinner and lighter, she expressed confidence that Taiwan's display companies will be able to increase their global market share in the industry.
The display industry is "an industry that is worthy of continuous investment," the president said.
To promote investment in Taiwan, the government will provide subsidies as incentives and also make efforts to create an environment that meets the needs of industrial development, Tsai said.
For example, she said the government is moving toward relaxing regulations for foreigners to work in Taiwan, as part of its efforts to attract talent from abroad.
An environment that attracts talent include a friendly residency system for foreigners, competitive wages, a culture that encourages innovation and safe and convenient living conditions, she said.
Meanwhile, the government will make efforts to ensure a stable supply of water, electricity and land, Tsai said.
Her administration is also reviewing the system of environmental impact assessments in an effort to improve its efficiency to help facilitate investment projects proposed by companies, she said.
(By Pan Chih-yi and Elaine Hou)
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