.Taiwan leading global supply chain

SPENDING BIG: More than 450 companies have pledged to invest nearly NT$1 trillion in the nation under a government incentive program, while another 56 are in line to invest

Taipei Times
Date:  May 11, 2020
By: Staff writer, with CNA

Taiwan Institute of Economic Research president Chang Chien-yi speaks to reporters in Taipei on Nov. 11 last year.
Photo: CNA

Taiwan has become a leader in the global supply chain, as an increasing number of its overseas companies have been investing more funds at home, economists said on Saturday.

Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) president Chang Chien-yi (張建一) said that the government’s incentive programs for Taiwanese investors, launched last year, have attracted many top-tier Taiwanese manufacturers to return.

In their wake, second and third-tier industries have also returned, helping the nation reshape its production structure, Chang said.

“The move by these Taiwanese investors to come home has helped Taiwan assume the position of commander, or the brain, of the global supply chain,” he said. “This development is expected to boost Taiwan’s status in global trade.”    [FULL  STORY]

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