Sat, Jun 29, 2013 - Page 14 News List

Ministry lays out measures to provide economic boost

By Helen Ku  /  Staff reporter

The Ministry of Economic Affairs yesterday laid out a string of strategies to help boost the nation’s economy in the second half of the year.

The ministry’s economic measures center around investment, consumption, exports, promotion of energy-saving products and deregulation, Minister of Economic Affairs Chang Chia-juch (張家祝) told a press conference.

In addition to holding forums to exchange ideas with companies preparing to make investments locally, the ministry also plans to continue inviting overseas firms to make investments in Taiwan by sending delegations to Germany and the Netherlands, among other countries.

The government’s policy to attract China-based Taiwanese firms to make investments at home would also continue, Chang said, adding that 34 investment applications had been approved by the ministry over the past seven months.

The 34 projects were estimated to contribute investment worth NT$182.6 billion (US$6.07 billion), the ministry said, adding that the target for total investment in the nation this year has been set at NT$1.2 trillion.

The ministry also plans to hold 13 promotional activities during the July-to-December period at up to 25,000 stores to sell more than 100,000 goods and services. It expects these promotional activities to bring in revenue of NT$24 billion to local businesses.

In order to meet the goal of achieving a 5.5 percent growth rate in the nation’s exports this year, the ministry has targeted 60 emerging markets, including Turkey, Russia, Myanmar, Indonesia, Brazil and countries in the Middle East.

With the recently adopted measure of subsidizing stove, heater and automobile purchases, a list of ongoing policies aimed at promoting the benefits of energy-saving products would continue into the second half of the year, helping to generate an estimated NT$35 billion, the ministry said.

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