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Published Date: 2019-05-21
Premier Su Tseng-chang says government policies have achieved progress since he took office in January.
On Tuesday, Su said the government lowered the fee for credit guarantee funds given to small- and medium-size enterprises. It has also sped up the approval process for business loans of less than NT$500,000 (US$16,000).
Su also cited successful measures designed to keep African swine fever out of Taiwan and to encourage Taiwanese companies to return their overseas operations back home.
Su said that not only has investment in Taiwan increased, but that government revenues and expenditures are now also balanced for the first time in 20 years. Su said the government is also expanding foreign trade through the New Southbound Policy. The policy seeks closer ties with the countries of South and Southeast Asia, as well as with Australia and New Zealand.
"We have been pushing the New Southbound policy. We can see that last year the revenue of Taiwanese businesses in ASEAN nations reached NT$3.6 trillion (US$114 billion). About 40 percent of Taiwanese enterprises experienced growth in revenue," said Su.