Sun, Sep 09, 2012 - Page 3 News List

Former VP tells APEC of country’s business success

BUSINESS INTERESTS:Lien Chan said that low taxes and the liberalizing of the economy had helped create an atmosphere conducive to enterprise

Staff Writer, with CNA, Vladivostok, Russia

Former vice president Lien Chan (連戰) shared the country’s experience in promoting the development of multinational enterprises at the APEC forum in Russia yesterday.

In a panel discussion held as part of the APEC CEO summit, Lien told participants that Taiwan is the world’s largest manufacturing hub for computers and related devices, accounting for more than 50 percent of the world’s chip output, nearly 70 percent of monitors and more than 90 percent of notebook computers. Among the most successful manufacturers in Taiwan are Quanta Computer Inc, Hon Hai Precision Industry Co, HTC — a leading brand in the global smartphone market — and Acer Inc which is the world’s second-largest computer vendor, Lien said.

Lien added that the Taiwanese government has played an important role in the development of these key multinational companies by creating a business environment that is favorable to their needs. Other steps taken by the government include adopting liberal trade and investment policies, promoting innovation, establishing a public-private partnership on incubation programs, building business competitiveness and reducing government intervention in the market, he said.

In response to a question fielded by Gordon Orr, chairman of McKinsey Asia, Lien also discussed the country’s achievements in developing the Hsinchu Science Park. Lien said that the park’s success can be attributed to the highly efficient and transparent single-window system that was set up by the government, as well as the tax exemptions and incentives for research and development that it has provided. In addition, the park is built around universities to better attract talent and create a cluster effect for innovation, he said.

Lien attended the CEO summit and economic leaders’ meeting on behalf of President Ma Ying-jeou (馬英九) for the fifth year in a row. Both meetings are part of the APEC 2012 Leaders Week that is being held in the far eastern Russian city of Vladivostok this week. This year, the regional event has focused on trade and investment liberalization, regional economic integration and food security.

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