Mon, Feb 23, 2004 - Page 10 News List

Yu invites foreigners to work in Taiwan


Premier Yu Shyi-kun yesterday encouraged individuals from around the world with high-technology skills to work in Taiwan and spoke of the advantages of investment here by high-tech companies.

Yu spoke via a teleconference to participants at a meeting in Silicon Valley, California, organized to inform them of the government's efforts to upgrade the nation's industry and its emphasis on technology in the economy.

Yu quoted a 2003 World Economic Forum (WEF) report as indicating that Taiwan's competitiveness in the scientific-technology sector ranked third worldwide and topped all Asian countries.

The ranking illustrates that Taiwan has secured sustainable growth and sharpened its international competitiveness, thanks to concerted efforts by the government and the private sector, Yu said.

Yu said that facing increasing globalization and competition, Taiwan must first free itself from contract-manufacturing constraints and then secure positions in industries of creativity, cross-border business operations and service-oriented businesses.

He added that the government had picked electronics, telecommunications, information services, bio-technology and nanotechnology as the five core industries to be developed in a new nationwide industrial development plan.

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