Government strives to lure Taiwanese firms into local investment
Taiwan News
Date: 2019/01/13
By: Scott Morgan, Taiwan News, Staff Writer
Taipei skyline. (Photo by unsplash user Tom Ritson)
TAIPEI (Taiwan News) – Taiwan’s Ministry of Economic Affairs (MOEA) said that more than 60 Taiwanese companies are considering expanding their Taiwan operations, amid concerns stemming from the U.S.-China trade war, reported CNA.
The Taiwan government is seeking to incentivize Taiwanese firms to invest in Taiwan, through a host of new government policies and advisory services provided by the MOEA and Ministry of Finance.
The U.S.-China trade war has been identified as a significant economic risk by a range of analysts including U.S. financial services giant Moody’s and the Taiwan government, as well as local and international think tanks. CEO of TSMC (台積電), C.C. Wei (魏哲家), said that the trade war will affect all of Taiwan’s industrieslast November.
The trade war is bringing about significant uncertainty for both businesses and markets, and giving pause for thought for Taiwanese businesses with manufacturing and service bases in China. [FULL STORY]
