Staff writer, with CNA
Taiwan’s approved outbound investment rose nearly 58 percent over the past five years as companies accelerated efforts to diversify production and supply chains beyond China, with the US and Southeast Asia emerging as the top manufacturing destinations, the Ministry of Economic Affairs (MOEA) said yesterday.Approved overseas investment totaled US$148.6 billion from 2021 to last year, up 57.8 percent from US$94.1 billion recorded in the previous five years from 2016 to 2020, the ministry said in an economic statistics report.The increase came as Taiwanese companies expanded their overseas presence amid global supply chain restructuring driven by the COVID-19 pandemic, US- China trade tensions, geopolitical uncertainty and rising demand for Taiwan’s electronics and information and communications technology (ICT) products, the ministry said.
People walk near Taipei 101 in Xinyi District on April 17.
Taiwan’s outbound investment destinations have shifted markedly in recent years, moving away from a heavy concentration in China toward a more diversified footprint, in line with a global emphasis on supply chain resilience, it said.Over the past five years, the British Caribbean territories accounted for the largest share of Taiwan’s outbound investment at 22.8 percent, mainly through financial and insurance investments made via overseas holding companies, the ministry said.
