An official at the Ministry of Economic Affairs said policy efforts will be focused on developing Taiwan into a trade hub for the Asia-Pacific region and enticing multinational corporations to set up regional headquarters engaging in high-end manufacturing, market intelligence gathering and talent training, said Taiwan Today published by the Ministry of Foreign Affairs.
The official said foreign investment approved in the first 11 months of this year reached $9.72 billion which accounts for 97.21 percent of the ministry's annual target.
Investment from the United States took the lion's share of 29.90 percent, followed by Japan with 9.74 percent and Australia with 7.97 percent. More than 72 percent of new ventures are in the manufacturing sector with the rest in services.
During the same period, investment from Taiwan-controlled businesses abroad totaled NT$51.8 billion, or 103.6 percent of the forecast total, Taiwan Today said.
Manufacturing in the three leading sectors - textiles, machinery and automobile components - made up 62 percent of such home-coming investment, it said.
Hotels and food services constituted about 91 percent of new businesses in the services sector, spurred by the country's booming tourism industry, the publication said.
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