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TAIWAN'S MOEA KEEN TO ATTRACT MORE FOREIGN INVESTMENT.
TAIPEI, March 3 Asia Pulse - The Ministry of Economic Affairs (MOEA) has worked out a set of concrete measures aimed at attracting foreign investment in the coming year to help revitalize the domestic economy, a government official said.
According to an MOEA-formulated plan to attract investment, the targeted amount of investment by the private sector for 2003 will be NT$724.58 billion (US$20.88 billion), an increase of 3.4 percent over the previous year's level.
The MOEA-planned measures to reach the goal include lowering costs for the acquisition of the necessary land, increasing access to loans, adjusting preferential taxation treatment, easing relevant laws and regulations, ensuring sufficient water and electricity supply, and lowering foreign manufacturer's investment risk and operational costs, Industrial Development Bureau Deputy Director-General Kuo Nien-hsiung said on Sunday.
As for reducing costs to acquire land, Kuo noted that the MOEA will direct the state-run Taiwan Sugar Corp. to release its idle lands, in addition to offering preferential rents to domestic and foreign business people wishing to lease land in local industrial ...
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Source: HighBeam Research, TAIWAN'S MOEA KEEN TO ATTRACT MORE FOREIGN INVESTMENT.