Wed, Apr 10, 2002 - Page 3 News List

TSU demands more state support for big industry


The TSU yesterday demanded that the government provide industrial park land lots for domestic companies free of rent to help revitalize battered traditional industries and increase job opportunities.

The TSU legislative caucus also demanded the government develop idle industrial zones and military land into special export processing zones for the textile industry and its accessory industries.

TSU Legislator Huang Chung-yuan (黃宗源) said at a news conference that Taiwan's investment climate is unattractive.

"Besides environmental dis-putes and hindrances set by a handful of corrupt officials, many other factors, including exorbitant land prices, high wages and labor shortages have also discouraged domestic investment," he said.

Huang pointed out that the cost of building a plant in Taiwan is more than 10 times higher than it is in China, domestic banks are likely to retrieve their loans anytime without justifiable reasons and labor costs are eight times higher than in China.

TSU Legislator Wu Tung-sheng (吳東昇) told the news conference that, although the total value of exports by high-tech industries is huge, the aggregate imports made by these industries is also very large. As a result, the amount of foreign exchange they earn usually falls behind that earned by traditional industries.

"Therefore, the government should not focus only on promoting high-tech industries and should pay at least equal attention to traditional industries," Wu said.

By offering free industrial land to traditional industries, Wu said he believes that many traditional industries would be willing to increase the amount they invest as well as maintain their business roots in Taiwan.

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