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President Tsai invites investment by young Taiwanese in U.S.

2018/08/13 16:07:44

Los Angeles, Aug. 12 (CNA) President Tsai Ing-wen (蔡英文) on Sunday urged young Taiwanese in the United States to return to Taiwan and develop their careers there.

"Don't miss this once in a blue moon opportunity," she told the gathering of hundreds of Taiwanese expatriates at the Culture Center of Taipei Economic and Cultural Office in Los Angeles.

The president, who was on a transit stop en route to Latin America, urged young Taiwanese to explore development opportunities in Taiwan and visit some of the rural areas.

"If you come back to Taiwan where there is ample capital and the market has been deregulated, we will help connect you to the local society," she said.

In the two-plus years she has been in office, Tsai said, it has been a race against time to implement new policies.

"We have laid a good foundation in many fields, with government initiatives such as the 'five plus two' innovative industries, and we hope you will join us," she said.

On Sunday, Tsai also met some 1,200 Taiwanese expatriates at her hotel and she encouraged them to invest in Taiwan, saying the country's economy is improving.

The period of shrinking foreign investment in Taiwan is over and private sector investment is expected top to NT$3 trillion (US$97.4 billion) for the first time, she said.

In addition, mega hi-tech American companies like Microsoft, Cisco and Google have decided to expand their presence in the fields of AI and cloud computing in Taiwan, she pointed out.

Tsai arrived in Los Angeles earlier Sunday on a stopover en route to Paraguay and Belize, two of Taiwan's diplomatic allies, for a nine-day visit.

On arrival at the Los Angeles airport, she was greeted by James F. Moriarty, chairman of the American Institute in Taiwan.

She was also warmly welcomed by large crowds of Taiwanese expatriates who organized an airplane banner that read "Taiwan is not part of China."

Now on her fifth trip overseas since she took office in 2016, Tsai is being accompanied by Presidential Office Secretary-General Chen Chu (陳菊) and other government officials.

Their U.S. stopover is being closely watched as it is their first since U.S. President Donald Trump signed the Taiwan Travel Act into law in March.

The Taiwan Travel Act encourages high-level U.S. officials to visit Taiwan and vice versa, which could lead to a change previous U.S. policy that restricted bilateral visits by Cabinet-level ministers but allowed Taiwanese presidents to transit through U.S. cities en route to other countries.

During the stopover, Chen also addressed Taiwanese expats, touting the achievements of the Tsai administration.

Four minutes of Chen's speech was streamed live by lawmaker Hsiao Bi-khim (蕭美琴) of the ruling Democratic Progressive Party.

On Monday Tsai will head for Paraguay where she will attend the inauguration of President-elect Mario Abdo Benitez the next day.

Chen, meanwhile, will remain in the U.S. for a tour of five cities, including San Francisco, Phoenix, and Salt Lake City, before rejoining Tsai in Houston for the return flight to Taiwan.

(By Flor Wang, Edward Tsao, Yeh Su-ping and Wen Kuei-hsiang)
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