•Publication Date：09/13/2013
•Source： Taiwan Today
The economic stimulus package introduced by the ROC Ministry of Economic Affairs in late June is paying dividends, with all programs’ implementation right on target, MOEA Minister Chang Jia-juch said Sept. 12.
“The initiative is a top policy priority, and all departments have been directed to continue canvassing input from both the public and private sectors for future policymaking,” the minister said.
According to Chang, the MOEA package seeks to spur the local economy with promotional measures focusing on consumption, energy saving, export, investment and regulatory easing.
Citing latest MOEA statistics, Chang said private investment totaled NT$726.8 billion (US$24.47 billion) as of the end of August, or 60.57 percent of the annual target.
In particular, planned investment by returning Taiwan businesses is expected to reach NT$184.4 billion, or 92 percent of the NT$200 billion projected for the year.
To better respond to the needs of local firms, the MOEA has organized nearly 20 seminars with business leaders and representatives as well as several cross-agency meetings.
Chang said the ministry is processing 22 investment cases that require assistance and has helped refer another 21 cases to relevant agencies. The projects are expected to generate additional investment of NT$178.9 billion.
“The ministry will organize two investment promotional campaigns later this month and expects to sign letters of intent with 30 potential investors,” he added.
To put export growth back on the fast track, the MOEA has organized 155 delegations comprising 2,674 firms for overseas promotion, and arranged procurement meetings between 499 foreign firms and 1,893 local suppliers.
Other measures included dispatching trade personnel to 27 foreign cities for information gathering, organizing local and overseas trade shows in major Asian economies, and setting up a new trade promotion office in Calcutta. These efforts have generated business topping US$2.7 billion for the country.
In addition to implementing streamlined applications for inbound investment by expatriate and foreign investors, Chang said MOEA bills on business accounting law, new pharmaceuticals, investment and trade law are being fast-tracked for legislative review.
“The MOEA will continue to monitor implementation results of relevant plans and bring the private sector up to speed on government efforts in a move to build public confidence and facilitate Taiwan’s economic growth,” he added.
