Streamlining FDI regulations can’t be delayed: Lai

Radio Taiwan International
Date: 2017-12-05

Premier William Lai wants the government to attract more foreign investment by relaxing restrictions. Lai

(CNA file photo)

was speaking on Tuesday at an inter-department meeting on the issue.

The economics ministry said Taiwan’s foreign direct investment (FDI) was only 14% of GDP in 2016, according to the United Nations Conference on Trade and Development. That was much lower than the world’s average of 35%.

Premier Lai said the economics ministry should expedite amendments to streamline FDI applications. Cabinet spokesperson Hsu Kuo-yung spoke on behalf of the premier.

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