President Tsai Ing-wen said May 16 that attracting more overseas investment in Taiwan remains a central plank in the government’s policy of strengthening the country’s economic competitiveness.
Three major programs launched by the government in July 2019 are boosting confidence and achieving this end, the president said. These are the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, Action Plan for Accelerated Investment by Domestic Corporations and Action Plan for Accelerated Investment by Small and Medium Enterprises.
Tsai made the remarks while receiving a delegation from the Asia Taiwanese Chambers of Commerce at the Presidential Office in Taipei City.
Many of the country’s firms are facing challenges brought about by the rapid restructuring of global supply chains due to the pandemic and shifting geopolitical landscape, Tsai said. The government is leaving no stone unturned in supporting these companies as they get to grips with operational issues stemming from industrial transformation and market change, she added.
As of the end of April, Tsai said, the Overseas Credit Guarantee Fund processed 300 loan applications totaling more than US$99 million. This commitment is essential to safeguarding the country’s position in global supply chains, she added.
Tsai also took the opportunity to thank Taiwan’s businesspeople for supporting the country’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Such backing assists in facilitating economic integration and fostering closer regional trade ties, she said. (DL-E)
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