Taiwan received over NT$1.2 trillion (US$39.72 billion) worth of private investment last year, amounting to 101.9 percent of the year’s target, the Ministry of Economic Affairs said yesterday.
The electronics and IT industry brought in half of the investment total with NT$511.8 billion — or 105.54 percent — of the target set by the government for the sector, government data showed.
Metal and mechanical industries, meanwhile saw NT$300.1 billion invested — 100.05 percent of the government’s target — while consumer goods and chemicals brought in NT$281.4 billion — 100.50 percent of the industry group’s annual target.
Despite exceeding the target, Minister of Economic Affairs Chang Chia-juch (張家祝) said there is much room for improvement and that he hopes for a “major breakthrough” in trade this year.
The priority for this year will be normalizing and regulating cross-strait trade, he said, driven by a recently signed service trade pact and an under-negotiation trade-in-goods agreement with China.
Given the performance this year, next year’s target will be raised to NT$1.3 trillion: NT$500 billion to electronics and information industries, NT$330 billion to metal and mechanical industries and NT$300 billion to consumer goods and chemical industries.
Meanwhile, the ministry said that Taiwanese investors operating overseas have repatriated NT$181.1 billion (to Taiwan) for investment in 85 projects.
The Department of Investment Services said that investment by foreign business reached NT$10.51 billion, or 100.1 percent of its target.