Ma gives nod to free economic pilot zone
By Ted Chen ,The China PostTAIPEI, Taiwan -- President Ma Ying-jeou yesterday approved the Executive Yuan's plan for Taiwan's forthcoming free economic pilot zone and instructed the Cabinet to form a task force to promote the plan and inform the public.
December 16, 2013, 12:16 am TWN
The program is designed to bridge gaps hampering international commerce in hopes of connecting Taiwan's economy with markets worldwide.
Following numerous briefing sessions and conferences across various governing bodies, the president yesterday gave his consent for the program to commence at an expedited pace.
A Presidential Office spokesperson stated that the program must be implemented for Taiwan to weather the current persistent economic slump. Through deregulation and the opening of markets, Taiwan stands to benefit from increased wage levels and more gainful employment. The program will also accelerate the reaching of conditions required to participate in regional free trade accords while stimulating economic growth by facilitating increased consumer spending domestically.
President Ma stated that he backs the initiative fully, and hopes to see Executive Yuan approval before the end of this year. Ma also emphasized the importance of informing the public and the industries of Taiwan of the importance and purpose of the program, while advising the creation of a task force to devise informational campaigns.