President Lai Ching-te said Feb. 3 that the government is committed to promoting the Three Major Programs for Investing in Taiwan while sparing no effort to enhance the country’s investment environment.
The president made the remarks while attending a Lunar New Year event in Taipei City for Taiwan businesses operating in China.
Lai first praised Taiwan’s impressive economic growth rate of 4.2 percent last year, which surpassed those of the U.S. and EU countries. He said that the government’s three investment programs—the action plan for welcoming overseas Taiwan businesses to return to invest, the action plan for accelerated investment by domestic corporations and the action plan for accelerated investment by small- and medium-sized enterprises—will be extended to 2027.
The government is also promoting investment deduction measures to help more SMEs and startups, Lai said, adding that it is equally important to examine elements such as utilities, land, workforce and talent cultivation. The president also noted that the government is working hard to maintain the stability of the country’s interest rates, exchange rate and inflation rate.
As a president, Lai said he has three main missions, the first of which is to safeguard Taiwan’s sovereignty, and vowed to uphold the Four Commitments proposed by former President Tsai Ing-wen.
Second, the president bears the responsibility of protecting the lives and property of Taiwan’s 23 million people, Lai said, stressing the importance of global peace. To this end, he cited the Four Pillars of Peace action plan, which involves strengthening national defense, building economic security, deepening partnerships with democratic countries, and maintaining stable and principled cross-strait leadership.
The third mission is to improve the standard of living across the board, Lai said. He outlined a raft of measures spanning minimum wage increases, tax reductions, the national childcare policy for aged 0-6 and the Youth Overseas Dream Fund program, adding that the government will continue to care for the well-being of all segments of society while working with the private sector to bolster Taiwan’s economic growth. (YCH-E)
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