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MOEA PROGRAM AIMS TO BOOST PER CAPITA INCOME TO US$20,000 BY 2009

(repeat) Taipei, Oct. 4 (CNA) The Ministry of Economic Affairs has mapped out a new industrial development program aimed at boosting Taiwan's per capita income to US$20,000 by 2009, Vice Minister of Economic Affairs Hsieh Fa-dah told participants at the 25th World Chinese Traders Convention Wednesday.
Hsieh said the program -- a national blueprint for the period from 2007 to 2015 -- consists of three three-year sub-plans that would eventually increase Taiwan's per capita income to US$30,000 by 2015.
Taiwan's per capita GDP (gross domestic product) stood at US$15,271 for 2005, up 7 percent from the previous year's level.
Hsieh explained the first three-year plan would try to boost Taiwan's industrial development with various incentives, hoping to create a favorable investment climate and usher in a new era in industrial development.
According to Hsieh, the government will design preferential measures to facilitate land acquisition, increase the labor supply, offer financial assistance, improve administrative efficiency in providing services to investors, and assist in upgrading industries.
He urged overseas Chinese business to invest in Taiwan's various manufacturing industries, which recorded a total output of NT$11.7 trillion (US$35.29 billion) in 2005 and is expected to increase the total to NT$14 billion by 2009.
(By Han Nai-kuo) ENDITEM/diG


Updated : 2021-02-27 14:13 GMT+08:00