The Ministry of Economic Affairs reports NT$7.8 billion from overseas investors


TAIPEI, Taiwan — The Ministry of Economic Affairs (MOEA) reported Saturday that a total of 86 investment projects amounting to an estimated NT$7.8 billion have been initiated under a project launched in September 2006 to attract overseas Taiwanese businesspeople to invest in Taiwan.

Chiu Po-chin, director general of the MOEA’s Industrial Development and Investment Center, said that a task force was formed in September 2006 with the aim of integrating the resources of government agencies to help overseas Taiwanese businesspeople invest in Taiwan.

To step up the service, an investment service office was launched at the ministry this July, providing preferential loans, assistance in scouting for land to build factories, as well as development subsidies and counseling in research.

Out of the 86 investment projects, 34 are by Taiwan businesspeople operating in China, 12 are by Taiwan businesspeople based in Southeast Asia, 35 by businesspeople in the United States and Canada, and five by Taiwan businesspeople in New Zealand, Germany, Japan or Africa.