Council for Economic Planning and Development (CEPD) Minister Yiin Chii-ming (尹啟銘) said yesterday that the council is planning to do more research on renewing a project to boost the service sector, which is part of the government’s broader plan to increase the sector’s contribution to GDP.
The new program would align itself with Premier Sean Chen’s (陳冲) plan to expand the nation’s output of services, to avoid over--reliance on the manufacturing sector, Yiin said.
“The first four-year service sector development program is -scheduled to end this year, so the premier asked the council to plan a revised version for the next four years,” Yiin told a media briefing.
Yiin said the government wants to help develop more service industries that have more potential in the output sector, instead of those only focusing on domestic demand, as output-oriented service industries, such as the international medical services industry, have larger markets and higher growth opportunities. A positive industrial connection effect would be the other main goal in a revised service sector development program, which would contribute more to the nation’s economy, Yiin said.