Gov't pleased with levels of foreign investment in 2013
By John Liu ,The China Post
January 1, 2014, 12:15 am TWN
TAIPEI, Taiwan -- The government's goal of attracting US$10.5 billion in 2013 will probably be achieved, said Chiu Yi-cheh (邱一徹), director-general of the Department of Investment Services (DOIS) in the Ministry of Economic Affairs (MOEA) yesterday.
According to the MOEA's statistics, foreign investment totaled US$9.805 billion between January and November this year, and investment made by overseas Taiwanese businesses in Taiwan totaled NT$237.2 billion.
Statistics show that the U.S., Japan and the Netherlands were the largest foreign investors in Taiwan, composing 22 percent, 19.2 percent and 9.2 percent of foreign capital, respectively.
The DOIS said that the U.S. economy is on track for recovery, which has contributed to American businesses' more active investment activities in Taiwan.
In terms of industry, electronics parts and components, financial services and technical services attracted the most foreign capital, making up 16.7 percent, 13.2 percent and 7.6 percent of all foreign capital.
The DOIS said that foreign businesses have made investments in both the manufacturing and service sectors. Since Taiwan is deemed a major manufacturing center in the Asia-Pacific region, it attracts investments from foreign businesses. The growth in the manufacturing sector in turn generates a greater provision of technical services.
With increasing exchanges across the Strait, rapid growth in the tourism industry and expected benefits brought about by the Economic Cooperation Framework Agreement between Taiwan and mainland China, foreign businesses are optimistic about the future of the local financial services industry, tourism and recreation as well as wholesale and retail industries.