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SMEs will continue to get support, MOEA says

The government is continuing to help small and medium enterprises (SMEs) develop, Vice Minister of Economic Affairs Steve Chen (陳瑞隆) said yesterday at an APEC forum meeting in Taipei.

The APEC Symposium on Industrial Clustering for SMEs is being held at the Taipei International Convention Center. The conference is part of a series of prelude meetings for the 2005 APEC SME Ministerial Meeting, which will take place from Aug. 28 to Sept. 3 in Daegu, South Korea.

In a keynote speech at the symposium, Chen introduced the government's policy regarding industrial clustering and said the practice has played a key role in Taiwan's successful economic development, citing the formation of the Hsinchu Science Park.

Describing the facility in northern Taiwan as the best example of industrial clustering, Chen noted that there are currently more than 300 companies operating in the park, creating a total output value of US$25 billion last year.

Industrial clustering covers a broad range of economic activities, which, beside business gatherings, include market and technology information exchanges, Chen said, adding that this helps lower production and trading costs while ensuring more efficient resource sharing.

Chen said that industrial clustering is an important strategy for a country to boost economic development, while it also plays a key role in SME development. Because of this, the government will continue efforts to construct and develop science-based industrial parks, he said.
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