Radio Taiwan International
Premier William Lai wants the government to attract more foreign investment by relaxing restrictions. Lai
was speaking on Tuesday at an inter-department meeting on the issue.
The economics ministry said Taiwan’s foreign direct investment (FDI) was only 14% of GDP in 2016, according to the United Nations Conference on Trade and Development. That was much lower than the world’s average of 35%.
Premier Lai said the economics ministry should expedite amendments to streamline FDI applications. Cabinet spokesperson Hsu Kuo-yung spoke on behalf of the premier.