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CEPD looks to develop local service industries

CEPD looks to develop local service industries

The Council for Economic Planning and Development yesterday said the national government plans to fully cooperate with local governments to create a better investment environment for domestic service-oriented businesses.
Taiwan's economy was highly dependent on agriculture and industry in the past, but now the service-oriented sector has become the most important feature of Taiwan's economy, the CEPD said.
According to figures from the Directorate General of Budget, Accounting and Statistics, the revenue generated by the service industry has reached 73.8 percent of Taiwan's gross domestic product for the first three quarters this year. In addition, the total population of the service sector is close to 5.8 million out of a total of around 10 million workers in the island.
Since the Executive Yuan formulated the "Guidelines and Action Plans for Service Industry Development" in 2004, local authorities endeavored to promote 12 key businesses aimed at improving domestic service quality as well as creating brand values for Taiwan.
To realize how local governments and companies have fulfilled the plan and to better understand the gap between central government policies and practical execution by local authorities, the CEPD held a series of seminars with 17 local governments to draft measures in order to promote service industries, the CEPD said.
Besides, the CEPD noted that Taiwan has faced fierce international competition in the global service industry, so the government and other local authorities have to collaboratively improve the country's quality of service.
"The government will provide more assistance in developing local service-oriented businesses, and seek to remove more investment barriers from service sectors to attract more investment in Taiwan," the CEPD said. For example, the Taipei County government chose to focus on promoting tourism and culturally-oriented services. Changhua County, on the other hand, may choose to develop medical services, bicycling sports and leisure industries, the CEPD said.


Updated : 2021-10-16 11:27 GMT+08:00