Taiwan s export processing zones aiming for 5% production value growth
03/01/2021 05:03 PM
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Workers take off a sign reading Nanzih Export Processing Zone ahead of the name change. CNA photo Feb. 24, 2021
Taipei, March 1 (CNA) Taiwan s export processing zones generated NT$400 billion (US$14.36 billion) in production value last year and have set their sights on an annual 5 percent growth in 2021 after they are renamed, according to the national Export Processing Zone Administration (EPZA).
On March 28, the export processing zones, which fall under the Ministry of Economic Affairs (MOEA), will be renamed science and technology industrial park zones, in accordance with an amendment made late last year to the Statute for the Establishment and Administration of Export Processing Zone.
Export processing zones target 5 percent growth
Staff writer, with CNA
Taiwan’s export processing zones last year generated NT$400 billion (US$14.13 billion) in production value and are aiming for 5 percent annual growth this year after they are renamed, the Export Processing Zone Administration (EPZA) said.
On March 28, the export processing zones, which fall under the Ministry of Economic Affairs, would be renamed science and technology industrial park zones, in accordance with an amendment made late last year to the Statute for the Establishment and Administration of Export Processing Zone (加工出口區設置管理條例).
After the name change, the industrial park zones would prioritize smart upgrades, talent cultivation and business matchmaking on digital platforms, which would be funded with NT$100 million from the government, EPZA Deputy Director-General Liu Chi-chuan (劉繼傳) said.