Gov’t to Set Up 3 Investment Companies to Bolster New Southward Policy

In response to the Mainland-US trade war, President Tsai Ing-wen yesterday launched the “Dialogue on Trade Strategies”, and with regard to the setting up of a supply chain in relation to the New Southward Policy, the government would install new mechanisms for evaluation and initiation, and would also set up an industrial investment company and an agricultural investment company, as well as expand the scale of operations for the Overseas Investment and Development Corporation (OIDC) for the public construction sector. 

President Tsai emphasized that the three aforesaid companies “are crucial elements in speeding up the implementation of the New Southward Policy.” An official pointed out that the three companies would be akin to a one-stop service center – covering all aspects from administrative, legal, research and development, basic infrastructure, and so forth – for Taiwanese companies investing in the countries covered by the New Southward Policy. The official added that “the three companies, together with the backing of the government, would assist all Taiwanese companies interested in investing and setting up facilities in the countries covered by the New Southward Policy.”  

By: UDN,  August 8, 2018 
Source: National Policy Foundation
Photo: Executive Yuan