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Premier pledges to focus on improving economy

Premier pledges to focus on improving economy

Taipei, Sept. 17 (CNA) Premier Sean Chen unveiled five major aspects of the Cabinet's future work Monday, with a focus on economic stimulus measures amid Taiwan's sluggish economy. One of the top tasks is to "map out new economic development and strengthen local industries," Chen said at a meeting held by the ruling Kuomintang (KMT) for the Cabinet and KMT lawmakers to discuss priority bills during the second legislative session set to begin the following day. The Cabinet "will take the responsibility of addressing the tough challenges" in the face of the country's economic downturn, Chen said. The economic situation facing Taiwan is no less difficult than those facing other major countries, the premier said, adding that the Cabinet feels it has a huge responsibility to lead Taiwan out of its current predicament and "is fully geared up for it." In August, Taiwan cut its growth forecast for its gross domestic product (GDP) in 2012 to 1.66 percent, from a previous estimate of 2.08 percent, A month earlier, unemployment rose for the third consecutive month. In the future, the government will put more effort into pushing for free trade agreements or other economic cooperation pacts with other countries, Chen added. It is also aiming to join the Trans-Pacific Partnership to further boost Taiwan's international trade, he noted. The Cabinet unveiled an economic stimulus plan Sept. 11 that includes helping local industries expand their export markets and become more diverse, strengthening talent development and boosting investment. Other main policies Chen pledged to implement include building a fairer and more just society, developing a better quality of education and integrating talent development. (By Lee Shu-hua and Kendra Lin)


Updated : 2021-10-18 12:34 GMT+08:00