The Taiwanese government is looking to
attract US$400 million worth of investment from China this year, an increase
from the original target of US$200 million, said Shih Yen-shiang, head of the
Ministry of Economic Affairs (MOEA), yesterday.
Shih
made the remarks during an MOEA event in Taipei.
The
ministry was also optimistic about strengthened cross-strait ties, thanks to
the economic cooperation framework agreement -- in essence a free trade
agreement between Taiwan and China in the absence of diplomatic ties.
According
to the ministry, it will specifically target Chinese investors in the areas of
green energy, wholesale and retail, and hospitality.
The
ministry also said it would send at least three small-scale delegations to
China to solicit business this year, with the first one set to leave in
mid-April at the soonest.
Separately,
the ministry also announced at the event that there were 273 private investment
projects over the first two months of 2012, with NT$128.3 billion invested.
Of the
figure, investment from metal and electronic operators contributed the most,
NT$53.4 billion.
Chemical
manufacturers invested NT$35.7 billion, service operators NT$2.9 billion, and
logistics and wholesale operators NT$16.1 billion.
Among
investment projects valued over NT$5 billion, Uni-President's NT$10 billion
investment to expand capacity was the largest, MOEA said.
Meanwhile,
United Microelectronics Corp. and Delta also invested over NT$5 billion.
The
MOEA has set Taiwan's private investment target for this year at NT$1.1
trillion. The NT$128.3 billion for January and February was 11.66 per cent of
the total and increased by 10.93 per cent compared to the same period last
year.
Meanwhile,
overseas-based Taiwan businesses invested NT$8.4 billion back on the island
over the first two months, while Taiwan solicited about NT$1.608 billion worth
of investment from abroad, about 16.08 per cent of the MOEA's target this year,
it said.
News
Desk
The
China Post
Business & Investment Opportunities
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