MEETING NEEDS: Homebound firms primarily need help with labor recruitment, so the ministry is working to raise the migrant worker cap for high-investing companies

Taipei Times
Date: Dec 5, 2018
By: Ted Chen  /  Staff reporter

The Ministry of Economics Affairs (MOEA) yesterday outlined administrative efficiency measures to foster the return of Taiwanese businesses as they cope with US-China trade tensions.

While Beijing and Washington declared a temporary truce at the G20 summit in Argentina, the government would continue to assist companies that want to diversify their production bases, export markets and investment destinations, Deputy Minister of Economic Affairs Kung Ming-hsin (龔明鑫) told a news conference in Taipei.

The ministry has set up a trade war task force to provide customized services for homebound businesses, while the National Development Council is drafting a program to provide firms one-stop assistance with finding employees and applying for financing, utilities, tax incentives and land, Kung said.

The ministry would also leverage the government’s ties to help companies relocate manufacturing to Southeast Asian nations under the New Southbound Policy, Kung said, adding that the measures are expected to remain in effect for three years from Jan. 1
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