Taiwan Today
Date: October 4, 2016

The 2016 Taiwan Business Alliance Conference was held Oct. 3 at the Taipei International Convention

President Tsai Ing-wen speaks at the opening of the 2016 Taiwan Business Alliance Conference Oct. 3 at the Taipei International Convention Center. (CNA)

Center, with 66 foreign companies expressing willingness to invest a total of NT$166 billion (US$5.3 billion) in Taiwan over the next three years, according to the Ministry of Economic Affairs.

The investment projects proposed by foreign investors, mainly from the U.S., Europe and Japan, would create more than 15,000 jobs and boost Taiwan’s economic momentum, according to the MOEA. Meanwhile, the ministry signed letters of intent with representatives of 20 foreign companies for investments totaling NT$105 billion.

“For decades, foreign investment has contributed to Taiwan’s industrial upgrading, human resource development and social and cultural development,” President Tsai Ing-wen said at the opening of the event. “We are excited to work with companies worldwide on technology, supply chain integration and systems development. Together we can create enormous business opportunities.”     [FULL  STORY]