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Gov't should develop 'Taiwanese business zones' first: scholar

Gov't should develop 'Taiwanese business zones' first: scholar

Taipei, Jan. 1 (CNA) Taiwan is geographically and economically suitable to be developed into a free trade island and an Asia-Pacific operating hub in the long run, but in the short-term, it should be made into an operations headquarters for firms run by Taiwanese businessmen, a scholar said Thursday.
Commenting on President Ma Ying-jeou's 2009 New Year's Day address, Lin Tzu-chia, an economics professor with National Chengchi University, said that the government should expedite moves to induce Taiwanese businessmen maintaining operations overseas to return to Taiwan and establish their business operating nerve centers here.
Lin suggested that the government develop certain areas in Taiwan into "Taiwanese business zones, " where land, taxation and other investment incentives are offered to induce investors -- just like it has done with the country's renowned science parks.
"If Taiwanese businessmen eye the whole world as their potential markets, they could relocate their operating headquarters to the 'Taiwanese business zones' to take advantage of the various incentives to boost their business and investment operations, " Lin added.
Many Taiwanese companies have situated their headquarters in China or Hong Kong over the years, partly due to previous government administrations' restrictions against local firms investing more than 40 percent of their total assets in China.
The lack of direct flights and other connections between Taiwan and China, and difficulties in overseas staff, especially Chinese employees, in getting visas to visit Taiwan also made it difficult for companies to use Taiwan as their regional hub or headquarters.
Premier Liu Chao-shiuan has said recently that the government will designate a special trade and economic zone in 2009 for returning Taiwanese businessmen who hope to channel their capital into Taiwan from abroad, particularly those based in China.
In his New Year's Day address, President Ma reiterated Liu's plans on building Taiwan into new business zones to accommodate returning Taiwanese businessmen.
Ma said that in the future, the government will strive to reach three economic goals: transform Taiwan into a global innovation center; turn Taiwan into an epicenter for commerce and trade in the Asia-Pacific region; and make Taiwan into the operating headquarters for firms run by Taiwanese businessmen.
(By Deborah Kuo)




Updated : 2021-05-12 04:49 GMT+08:00