President Tsai Ing-wen said April 29 that Taiwan’s business environment is going from strength to strength under a host of progressive policies aimed at bolstering the fundamentals of the national economy.
The time is ripe for businesses to invest in Taiwan and take advantage of its advanced infrastructure development, comprehensive intellectual property rights protection, high-caliber human resources and world-leading industrial clusters, Tsai said.
Tsai made the remarks during the groundbreaking ceremony for an R&D facility operated by U.S.-based Super Micro Computer Inc. in Taoyuan City, northern Taiwan.
According to Tsai, the NT$2 billion (US$64.73 million) center is a vote of confidence by Supermicro in Taiwan’s economic outlook. It also augurs well for the success of the high-tech outfit’s plans to invest an additional NT$8 billion in Taiwan and create 2,000 quality jobs for locals, she said.
Tsai said the government has Taiwan on the development fast track via a multipronged approach centered on promoting regulatory easing and industrial innovation, as well as transforming key economic structures.
At the same time, Tsai said, no effort is being spared in cementing connections with Asia-Pacific partners so as to create a better balanced foreign trade portfolio. This will lead to more opportunities for homegrown talents in a variety of emerging industries while supporting further industrial growth, she added.
Government efforts in this regard over the past three years have earned global recognition, Tsai said, citing Taiwan’s 13th ranking in the 2018 Global Competitiveness Report by Geneva-based World Economic Forum and 2019 Doing Business report by Washington-headquartered World Bank.
Equally impressive is the NT$536.5 billion in major investment projects recorded last year, representing an annual increase of 31 percent and a new high in recent years, Tsai added.
It is hoped more foreign firms will follow the example of Supermicro, Tsai said, by capitalizing on Taiwan’s pivotal position in the Asia-Pacific and robust economic climate. (SFC-E)
Write to Taiwan Today at ttonline@mofa.gov.tw