Mon, Sep 01, 2003 - Page 10 News List

Direct links are economic necessity, most MNCs say

DISSATISFACTION A poll conducted by a business monthly indicated that many foreign firms felt Taiwan's government was economically incompetent

By Joyce Huang  /  STAFF REPORTER

In spite of declining foreign direct investment (FDI), most of the foreign companies polled credited Taiwan and South Korea as being the second most attractive investment destinations in Asia after China, with high potential in the electronics, tele-communications, financial and biotech industries.

According to the Ministry of Economic Affairs, FDI has dropped to US$1.45 billion in the first six months this year from US$7.56 billion in 2000, US$5 billion in 2001 and US$3.2 billion last year.

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