Council for Economic Planning and Development officials said yesterday that they will step up communication with foreign investors to remove their impression that Taiwan's economic policy is not liberal enough.
According to the 2006 Index of Economic Freedom released recently by the U.S.-based Heritage Foundation and Wall Street Journal, Taiwan's ranking is down 11 notches from last year to 37th this year.
The report indicates that Taiwan's performance in terms of banking and finance has declined, although the country has shown improvement this year in its trade policy and fiscal burden.
To change this image, CEPD authorities said they will increase their communication with the investors and help them resolve their investment barriers.
Meanwhile, to improve the country's performance in banking and finance, the government will continue to promote mergers between domestic banks, they said.
Las Vegas publicity
LAS VEGAS, Nevada
The semi-official Taiwan External Trade Development Council (TAITRA) has recently launched an advertising drive in Las Vegas where the world's largest international consumer electronics fair is taking place, attracting thousands of visitors from around the globe.
To lure foreign buyers to visit Taiwan during the coming year for several planned electronics fairs, TAITRA has placed posters promoting the shows on the shuttle buses to and from the fair venue.
The posters provide information on the planned Taiwan electronics fairs, including the Taipei International Automobile Electronics Show slated for April 17-20, and the Taipei International Electronics Autumn Show slated for October.
The TAITRA has also provided 1,000 hotel coupons to foreign businesses to encourage them to travel to Taiwan, according to the council.