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Ministry to lead delegations overseas to solicit investment

2012/05/15 21:44:45

Taipei, May 15 (CNA) The Ministry of Economic Affairs is planning to lead business delegations to Japan, Europe and the United States to solicit investment in the second half of the year as part of efforts to meet this year's target of US$10 billion, an official said Tuesday.

The ministry is scheduled to lead representatives from the private and public sectors to the three markets in July, September and October, respectively, Chiu Yi-cheh, director-general of the ministry's Department of Investment Services, told a press briefing.

This year's first investment-soliciting delegation, which visited Beijing April 23-27, ended with eight businesses expressing interest in investing in Taiwan's tourism, beverages and auto parts industries, Chiu said.

However, he declined to disclose the actual figures for Taiwan's inbound investment during the first four months of the year, saying only that his department will "do its utmost" to achieve the investment goal.

First-quarter foreign investment totaled US$2.42 billion, or about 24.3 percent of the target for 2012, according to the ministry.

Chiu also said that the ministry will help Taiwan-based businesses to invest overseas.

Besides organizing workshops to help Taiwanese firms gain a better understanding of foreign markets, the ministry is also planning to lead inspection delegations to Indonesia and the Philippines in June, and to India in September, he added.

(By James Lee)