Focus Taiwan
Date: 06/21/2020
By: Emerson Lim

Taipei, June 21 (CNA) In cooperation with economics-related agencies, the Ministry of Foreign Affairs (MOFA) has helped increase foreign investment in Taiwan and procurement by foreign companies in the first quarter of the year, compared with the same period of 2019.

In the January-March period, foreign investment increased by 40 percent and procurement by foreign companies from Taiwan surged by 109 percent year-on-year, the ministry said in a statement released on Saturday.

MOFA, through its more than 100 offices overseas, has helped attract foreign investment to Taiwan amounting to US$350 million for the first three months of the year, compared to US$250 million recorded in the same period of last year, the ministry said.

On the other hand, foreign companies' procurements from Taiwan reached US$230 million in Q1, compared to the US$110 million recorded during the same period last year, the MOFA said.    [FULL  STORY]