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May 29, 2017

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Premier seeks interagency solution to venture barriers

TAIPEI--Interagency meetings should be held as soon as possible to tackle investment barrier issues in order to attract more foreign investors to Taiwan, Premier Sean Chen said Wednesday.

Chen's announcement was in response to a National Day speech made earlier by President Ma Ying-jeou, who vowed to relax restrictions on the level of foreign investment in certain industrial sectors in Taiwan and declared that liberalized policies will become the norm.

The interagency meetings should be attended by chiefs from related financial and economic ministries, the central bank and the Mainland Affairs Council, the premier was quoted as saying by Cabinet Secretary-General Steven Chen at a press conference.

The government will "largely relax limitations on foreign investment, as long as the policies will not put Taiwan's interests and security at risk," Steven Chen said, citing the premier's instructions.

The secretary-general declined to provide further details of how much the limitations will be relaxed.

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