The Economic Development Committee yesterday detailed its plans and drafted a proposal aiming to attract domestic and international investment into vital industries, which are valued at NT$3 trillion to NT$4 trillion (US$92 billion to US$123 billion).
Premier Cho Jung-tai (卓榮泰) chaired the first meeting of the committee and in the opening statements said that it has a mission, and the government is determined to embrace innovation, be more open and keep abreast of the times.
If approved, the proposal would require drafting new laws to ensure that the Grand Taiwan Investment policy is launched successfully, Cho said.
Photo: CNA
The committee also passed a proposal to establish an Asian asset management center with Taiwanese characteristics, Cho said.
The center would take advantage of the Financial Supervisory Commission’s expertise in analysis to better use Taiwanese slush funds, he said, adding that it would aim to create a better environment for the financial industry and “green banking.”
The committee also approved a proposal to teach 200,000 people artificial intelligence techniques and attract 120,000 foreigners with expertise, he said.
The committee would convene at least once a quarter, and meetings are expected in September and November, with a consultants’ meeting expected to be held next month, he said.
Separately, President William Lai (賴清德) met with the members of the World Taiwanese Chambers of Commerce (WTCC) and said the nation has passed policies to attract more Taiwanese businesspeople based overseas with an aim to build a better and more prosperous nation.
Lai thanked the WTCC and Taiwanese businesspeople overseas for promoting Taiwan and being the “bridge” between the nation and other countries.
He also thanked the WTCC for raising NT$10 million following the April 3 earthquake in Hualien.
His inaugural address laid out three principles regarding how Taiwan’s industries could develop — embracing the future and technology, expanding into space and the maritime sector, and resolving investment issues to encourage foreign investors — to ensure a better and more prosperous future for the nation, Lai said.
Meanwhile, the Executive Yuan yesterday approved a Ministry of Health and Welfare proposal to launch a four-year program, with an estimated cost of NT$13.5 billion to improve medical treatment for children.
The program would continue a 2020 program to improve children’s medical care, which would end this year.
The new program aims to implement continuous healthcare for newborns, beginning from the prenatal period, the ministry said.
It also aims to enact a tiered system for children’s emergency hospital care, it said.
Personnel training on the handling of newborns, and children’s cancer, severe and genetic-related cases would be prioritized, the ministry said.
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