Taiwan Targets Additional Investment from Japan

A delegation headed by ROC Minister without Portfolio Yiin Chii-ming is visiting Japan as part of efforts to drum up additional investment in Taiwan’s key industries.

Comprising 50 senior government officials and business leaders from the information communications technology, biotechnology and auto industries, the delegation is the result of an initiative proposed by Yiin following the earthquake and tsunami that struck northeastern Japan in March.

“This is the first investment mission Taiwan has sent to Japan after Taipei and Tokyo inked the landmark arrangement on investment promotion and protection,” Yiin said Oct. 3. “We aim to capitalize on the pact and take bilateral industry cooperation to the next level.”

Key events on the delegation’s schedule include promoting the Taiwan-Japan Park in southern Taiwan’s Tainan City at business forums Oct. 4 and 7 in Nagoya and Yokohama, respectively.

The planned zone is designed for Japanese firms seeking to set up offshore backup production sites for such industries as biotechnology, digital content, green energy, ICT and precision instruments.

Yiin will also visit Toyota Motor Corp. and several semiconductor equipment suppliers to bring these potential investors up to speed on the opportunities available in Taiwan.

As the central government official responsible for setting up a Taiwan-Japan industrial cooperation promotion office in Taipei, Yiin is working to ensure the private sectors of both nations cooperate effectively in their push to make deeper inroads into the global market. This involves him visiting north Kyushu, Kobe and other parts of Japan in November.

Last month, Council for Economic Planning and Development Minister Christina Y. Liu led a similar tour to Tokyo and Osaka that inked five memorandums of understanding covering biotechnology, green energy, securities, semiconductor and real estate development. (JSM)

Meg Chang