Taiwan’s government and businesses cooperating to create jobs

With the global economic situation continuing to improve, Taiwan’s government has released its latest economic growth estimates. These predictions put the growth rate for this year at 4.72 percent, an upward revision of 0.33 percent from the previous forecast. Figures released March 8 by the Ministry of Finance show that exports for January and February of this year totaled US$38.44 billion, the second-highest amount ever recorded for the period. Premier Wu Den-yih stated that the entire thrust of government policy is geared at reducing unemployment, and President Ma Ying-jeou has called for unemployment to be brought under 5 percent by the end of December. The Cabinet, meanwhile, will strive to create jobs to meet its target unemployment rate of below 4.9 percent. Figures released by the Directorate-General of Budget, Accounting and Statistics on February 22 show that Taiwan’s unemployment rate in January was 5.68 percent, the lowest it has been in the past 12 months.

Wu pointed out that the government’s efforts to raise employment have been categorized as being either short-term or long-term. Short-term programs aim at helping the unemployed weather a difficult time, while long-term efforts consist of continuing to promote the six “emerging industries,” intelligent electric vehicles, intelligent “green” buildings, patents and inventions as well as cloud computing centers.

The premier then called upon private enterprises to work with the government to boost employment and revive the economy. In addition to commending those business leaders who heed this call, the government will aid the private sector by removing barriers to investment.

As Taiwan was feeling the aftereffects of the financial tsunami in 2009, about 130,000 workers at the major science parks in Hsinchu, Taichung and Tainan were forced to take unpaid leave. Today, all of these workers have returned to their posts and the economy has taken a turn for the better. In the future, these science parks will offer 14,000 job opportunities, bolstering employment and stimulating the economy.

Please visit Taiwan Today for related stories
1. DGBAS raises 2010 economic forecast (Feb. 23, 2010)
http://www.taiwantoday.tw/ct.asp?xItem=94689&CtNode=436
2. NSC sees science park revenue rising (Feb. 24, 2010)
http://www.taiwantoday.tw/ct.asp?xItem=94819&CtNode=436
3. President Ma designates 2010 ‘job creation year’ (Feb. 26, 2010)
http://www.taiwantoday.tw/ct.asp?xItem=94997&CtNode=436

Press Release, Government Information Office of Taiwan, 09.03.2010

Die Presseabteilung der Taipeh Vertretung mit Sitz in Berlin bietet folgende Dienstleistungen an: Erläuterung der Politik und der Entwicklung der Republik China (Taiwan), Verbreitung von Stellungnahmen und Pressemitteilungen von taiwanischer Seite sowie Beantwortung von Fragen über das Land;
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This release was published on openPR.