In­vest­ment pledges al­ready at 76% of tar­get: MOEA

The China Post - - TAIWAN BUSINESS - BY ENRU LIN

Tai­wanese firms abroad have al­ready pledged NT$40.4 bil­lion to Tai­wan-based projects, or 76 per­cent of the gov­ern­ment’s tar­get for 2015, the Min­istry of Eco­nomic Af­fairs (MOEA, ) said yesterday.

Be­tween Jan­uary and May, over­seas Tai­wanese firms com­mit­ted NT$40.4 bil­lion to home­bound in­vest­ment: 76 per­cent of the NT$53.5 bil­lion an­nual tar­get set by the Eco­nom­ics Min­istry.

The MOEA re­leased the fig­ures yesterday at its in­vest­ment fo­rum for Tai­wan firms op­er­at­ing over­seas.

The one-day event drew over 350 Tai­wanese busi­ness rep­re­sen­ta­tives, half of whom had ex­pressed in­ter­est in a “salmon run,” ac­cord­ing to Vice Min­is­ter of Eco­nomic Af­fairs Cho Shih-chao ( ).

About 42 per­cent were based in main­land China, 13 per­cent in South­east Asia and 13 in Canada or the United States.

The Zhe­jiang-based Yeong­guan Group ( ) has com­mit­ted NT$3 bil­lion for a wind tur­bine plant in Greater Taichung, ac­cord­ing to data from the Eco­nomic Min­istry’s Depart­ment of In­vest­ment Ser­vices ( ).

Other pledges in­clude NT$1.94 bil­lion from Jih Lin Tech­nol­ogy Co. ( ) to es­tab­lish head­quar­ters in Greater Kaoh­si­ung, and NT$10 bil­lion in first-stage in­vest­ment from Everlight Elec­tron­ics Co. (

) to build an LED pack­ag­ing plant in Miaoli County.

Rise in Ser­vice Sec­tor In­vest­ment

The MOEA, which en­cour­ages the pledges each year, said it has seen a rise in the num­ber of over­seas Tai­wanese in­vestors from the ser­vice sec­tor.

Vi­vian Lien ( ), di­rec­tor gen­eral of the Depart­ment of In­vest­ment Ser­vices, said home­bound in­vest­ment has pri­mar­ily come from man­u­fac­tur­ing com­pa­nies.

“But the ser­vice sec­tor’s pro­por­tion in­creases year by year, and from that we can send the trend of quan­tity caus­ing a shift in qual­ity ( ),” she said.

“Sec­tors that are re­turn­ing of course are those within Tai­wan’s strengths, in­clud­ing elec­tron­ics and re­lated in­dus­tries, such as semi­con­duc­tors.”

At the fo­rum yesterday, Deputy Gen­eral Man­ager Shen Chien-tzu ( ) of Hota In­dus­trial MFG. Co. ( ) urged in­vestors to move into ser­vices and cus­tomer so­lu­tions.

Tai­wan’s in­dus­tries can­not con­tinue down the road of orig­i­nal equip­ment man­u­fac­tur­ing (OEM), where they must sur­vive through price-cut­ting mea­sures, he said.

RCEP, TPP Could Con­clude

in 2015: Cho

Also at the fo­rum, the MOEA vice min­is­ter said Tai­wan must ac­cel­er­ate its push to­ward a free-mar­ket econ­omy to cope with over­seas de­vel­op­ments, in­clud­ing the pos­si­ble com­ple­tion of key trade bloc ne­go­ti­a­tions.

Ne­go­ti­a­tions for the Re­gional Com­pre­hen­sive Eco­nomic Part­ner­ship (RCEP) and U.S.-led Trans-Pa­cific Part­ner­ship (TPP) could con­clude by year’s end, mak­ing 2015 a “cru­cial year for Tai­wan,” Cho said.

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