2013 investments reach NT$1.2 trillion, exceeding targets
CNATAIPEI -- Taiwan received over NT$1.2 trillion (US$39.72 billion) worth of private investments in 2013, amounting to 101.9 percent of the year's target, the Ministry of Economic Affairs said Friday.
January 25, 2014, 12:03 am TWN
The electronics and IT industry brought in half of the investment total with NT$511.8 billion, or 105.54 percent of the target set by the government for the sector, official data showed.
Metal and mechanical industries, meanwhile saw NT$300.1 billion invested — 100.05 percent of the government's target — while consumer goods and chemicals brought in NT$281.4 billion — 100.50 percent of the industry group's annual target.
Despite exceeding the target, Economics Minister Chang Chia-juch said there is much room for improvement and that he hopes for a “major breakthrough” in trade this year.
The priority over 2014 will be normalizing and regulating cross-strait trade, he said, driven by a recently signed service trade pact and an under-negotiation trade-in-goods agreement with China.
Given the performance this year, next year's target will be raised to NT$1.3 trillion: NT$500 billion to electronics and information industries, NT$330 billion to metal and mechanical industries, and NT$300 billion to consumer goods and chemical industries.
Meanwhile, the ministry said that Taiwanese investors operating overseas have repatriated NT$181.1 billion to Taiwan for investment in 85 projects.
The Department of Investment Services said that investment by foreign business reached NT$10.51 billion, or 100.1 percent of its target.