Controlling financial services is key to realizing the benefits of super ap...
2020-12-03 2 ENGLISH REPORTS
Meanwhile, Taiwan’s FDI in New Southbound Policy countries is gradually trending upward, reaching $2.7 billion in 2019, a 16.1 percent increase year-on-year (see Figure 1, Panel B).* 99 The rise in Taiwan’s FDI in New Southbound Policy countries in 2019 is made more notable by the fact that Taiwan’s total FDI in other countries fell by half in the same period. Though uncertainty created by the COVID-19 pandemic may crimp such investment activity in the short term, Taiwan’s sustained efforts to deepen economic partnerships with New Southbound Policy countries are likely to push Taiwan manufacturers to continue reorienting operations toward them. For example, in December 2019 the Taiwan and Vietnam governments updated their bilateral investment agreement to provide strengthened protections for Taiwan investors in Vietnam, and Taiwan’s MOEA has indicated it is in talks with other New Southbound Policy countries regarding similar agreements.
Taiwan electronics manufacturers’ renewed interest in Taiwan as a base for industry is driven partly by investment incentive programs advanced by the Tsai Administration. In July 2019, Taipei launched “Invest Taiwan,” a three-year program incentivizing Taiwan frms to increase their domestic investment through preferential loan fnancing, land rental concessions, assistance in ensuring stable water and electricity supplies, and other perks.103 The initiative specifcally targets Taiwan small- and medium-sized enterprises as well as companies with manufacturing operations in the Mainland that are adversely impacted by the U.S.-China trade dispute.
标签： ENGLISH REPORTS