Ma vows to achieve 6 percent GDP growth

Ma unveiled his national economic development blueprint when delivering a speech at the “Taiwan investment forum” hosted by the Citigroup Global Markets Inc.

Under the blueprint, the three said goals will be realized by sharply easing restrictions on the service industries to create massive job opportunities through a “golden triangle employment program.

Ma stressed that the first prong of the program lies in sharp financial and tax reforms to step up liberalization and internationalization of financial market operations, thereby creating 30,000 new job opportunities within four years and contributing NT$1.3 trillion to the gross domestic product (GDP) per year.

The second pivot, Ma continued, rests with the opening of the local tourism market to Chinese mainlanders. The number of inbound mainland Chinese tourists will gradually increase from 3,000 people per day during the first year, to 10,000 per day in the fourth year. The average annual tourism revenue earned from incoming Chinese tourists will amount to NT$200 billion, and a total of 100,000 new job opportunities will be created as a result.

The third part of the “golden triangle employment” program will be targeted at healthcare service segment. Ma said that the global travel medicine market value is estimated to reach US$26 billion this year and soar further to US$40 billion in 2010, and therefore it will pay for Taiwan to venture into the market. Tapping such a market will help generate 30,000 job opportunities and contribute NT$380 billion to the island’s GDP.

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