A further 50 companies consider following suit
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – A total of 30 Taiwanese companies were planning to return to their home country and invest more than a combined total of NT$120 billion (US$3.89 billion), the Ministry of Economic Affairs (MOEA) announced Friday.
The moves were a result of the government’s policy to encourage Taiwanese corporations who had invested overseas to consider expansion in Taiwan, especially as a trade war raged between China and the United States.
As part of the policy, Taiwan is giving the companies special benefits, such as easier use of foreign labor and bank loans, the Central News Agency reported.
The plans by the 30 companies announced so far this year might lead to the creation of an estimated 10,500 jobs, according to government estimates. [FULL STORY]