Responding to subjective and objective conditions and challenges at home and abroad, the government will follow the Golden Decade national Vision and vigorously carry out the Economic Power-up Plan, the Free Economic Demonstration Zone plan, and other plans, programs and projects, to boost Taiwan's economic growth potential, and gradually attain the vision of a happy Taiwan that is prosperous, harmonious and sustainable.
All-round Development: Achieving the Golden Decade National Vision
Over the next four years, the government will dedicate to all-round development in promoting eight policy axles strategies such as "vigorous economy", "Just society", "Clean & competent government", "Prime culture & education", "Sustainable environment", "Comprehensive development", "Cross-strait peace", and "international amity." The key points of the said policy axles are listed as follows:
Actively negotiating and signing FTAs and ECAs with other countries, carrying out the Free Economic Demonstration Zone plan, and gradually creating favorable conditions for joining the TPP.
Pushing for the servicization of manufacturing industries, the technologization and internationalization of service industries, and the featurization of traditional industries, to achieve the modernization of traditional industries and the reformation of the industrial sector; carrying out the Special Project to Deeply Cultivate Basic Industrial Technologies, to deepen R&D in key technologies; and setting up an Agricultural Technology Institute, to conduct innovative R&D in agricultural technology.
Periodically reviewing the basic wage, strengthening cultivation of key talent, providing diverse vocational training, and carrying out the Program to Narrow Gaps between Schooling, Training, Testing and Employment.
Adopting appropriate monetary, credit and foreign exchange policies at the right times, building mechanisms for security of food, oil and important raw material supplies, and maintaining price stability.
Implementing new systems of social relief, conducting the Program to Promote Employment for Low-Income and Middle-Income Households, and using transfer payment measures, to reduce income inequality.
Implementing the 2nd-generation NHI system, to ensure the sustainable operation of NHI; planning and carrying out pension system reform, to establish a sustainable fiscal system for pensions; and setting up a long-term care system, and improving systems of care and support services for the physically and mentally disabled.
Promoting industrial and economic integration in Hakka village areas, expediting the passage of the Indigenous Autonomy Act, and carrying out the National Flaming Torch Project for New Residents, to promote ethnic harmony; implementing the Gender Equality Policy Guidelines, and building a friendly society in which diversity of gender identity is respected.
Continuing to implement the system for registering actual prices of real estate transactions, providing housing subsidies for low- and middle-income households and the disadvantaged, and building affordable housing, to effectuate housing justice.
"Clean & competent government"
Continuing to implement the National Integrity Building Action Plan and the Plan for Eliminating Complaints about Prosecutorial Authorities.
Implementing the Public Trial-Observation System, and effectuating a mechanism for evaluating and eliminating bad judges.
Speeding up reorganization of the Executive Yuan, carrying out the Project for Improving Internal Controls, and promoting service quality innovation and procedural reform, to raise governmental efficacy.
"Prime culture & education"
Promoting service in the countryside by professional arts and cultural organizations, organizing diverse arts displays and performances, arranging mobile museum exhibitions, strengthening cultural heritage and innovation, and improving the environment and fostering of talent for the cultural and creative industry.
Promoting the openness and value-adding application of cultural content, and promoting the creation of output value in the cultural and creative industry.
Implementing a 12-year basic education system, promoting higher education export, strengthening innovative R&D in universities and colleges, and deeply cultivating career development education.
Striving all-out to develop renewable energy, enhancing laws and regulations for energy saving and carbon reduction, and popularizing energy saving and carbon reduction practices.
Pressing for passage of the National Land Planning Act, improving the quality of air and water bodies, and implementing an action plan to remediate land subsidence in Yunlin and Changhua.
Promoting climate change adaptation, implementing measures to enhance nuclear power plant safety maintenance and emergency response capabilities, implementing comprehensive disaster prevention planning, and deepening disaster prevention and response capabilities.
Ensuring the stable supply of water and electricity; and carrying out the infrastructure works needed for industrial and regional development.
Developing Songshan Airport, raising the service quality of Taoyuan International Airport, bolstering the operational competitiveness of Kaohsiung Port, and reinforcing the modernization of passenger transport facilities in international commercial ports.
Enhancing metropolitan MRT networks, heightening the transport efficiency and quality of railways and roadways, speeding up cable TV digitization, and effectuating broadband network development.
Developing strong industries in each region, augmenting manpower and infrastructure for regional industries, promoting integrated inter-city development plans, and reducing regional and urban-rural development gaps.
Carrying out the Project to Implement the Spirit of Zero-Base Budgeting; employing innovative financial strategies to expand funding sources for public works; and strengthening promotion of the system for taxation of securities trading income.
Expanding the scope of financial business, and developing financial services to meet special cross-strait requirements and Taiwan-centered wealth management platforms for Taiwanese people, to satisfy diverse financial needs.
Continuing to engage in institutionalized negotiations, implementing and expanding the effects of the various cross-strait agreements already signed, and conducting negotiations for ECFA follow-up agreements in proper sequence.
Instituting an all-volunteer military system, building dependable combat capability, bolstering national defense forces, and ensuring national security.
Deepening relations with the USA, Japan, the EU, and neighboring countries, consolidating ties with diplomatic allies, and uplifting substantive relations with non-diplomatic allies; pursuing the signing of youth working holiday agreements with more countries; and enlisting private sector strengths, resources and experience to actively participate in international humanitarian aid.
Setting up the Project Office for Cultural Global Positioning, promoting youth-driven cultural exchanges, strengthening language and academic exchanges, and pursuing the signing of cultural exchange agreements with all countries.
Upgrading tourism industry quality, strengthening regional features, promoting customized services, and developing feature tourism on the bedrock of Taiwan's diverse resources, culture and faces.
All-out Effort to Rouse the Economy: Executing the Economic Power-up Plan
As work all out to implement the Economic Power-up Plan to promote innovative and diverse industries, develop new export markets, cultivate industry talents, spur investments and public construction, and enhance government efficacy, the government expects to acquire policy effectiveness while boosting domestic economic in a short-term plan and adjusting the economy and industrial structure in the mid-term plan.
"Promote innovative and diverse industries"
Promoting the "four izations of three industry sectors," helping traditional industries to modernize, promoting the strong advancement of backbone enterprises, and promoting upgrading of the industrial structure.
Carrying out the Taiwan Tourism Almanac and Time for Taiwan promotional programs, developing high-value tourist source markets, and expanding tourism service capacity.
Developing financial services to meet special cross-strait requirements and Taiwan-centered wealth management platforms for Taiwanese people, to vitalize the sustainable development of finance; and planning and implementing the Golden Corridor plan for agriculture, to help farmers engage in water-saving agricultural production.
"Develop new export markets"
Enhancing information on emerging markets, setting up additional marketing points overseas, and helping firms develop innovative international marketing stratagems; conducting overseas marketing campaigns for internationally competitive service industries, and helping Taiwanese enterprises utilize e-commerce for cross-border selling to the mainland China market.
Holding international conferences and exhibitions, to lure foreigners to come and spend money in Taiwan, and to generate business opportunities for the MICE industry and peripheral industries.
Promoting the diverse development of free trade zones, pursuing the negotiation and signing of economic cooperation and other such agreements with major trade partners, and actively pressing for inclusion in regional economic integration.
"Cultivate industry talents"
Carrying out the Program to Narrow Gaps between Schooling, Training, Testing and Employment, and strengthening industry-academia cooperation; implementing the Young Talent Cultivation Initiative, to help young people enhance their employability; and establishing basic standards for occupational skills and occupational capability appraisal, to strengthen industry-schooling-training linkages.
Putting occupational licensing into a more complete legal framework, conducting special pre-employment, on-the-job, and youth training schemes, and enhancing employment skills; and matchmaking emerging market graduating students with jobs in the enterprise sector.
"Spur investments and public construction"
Actively promoting private investment, attracting foreign firms to invest in Taiwan, and guiding venture investment into strategic service industries.
Promoting investment in Taiwan by overseas Taiwanese firms, and implementing the Taiwanese Enterprises returning to Invest at Home Program, to encourage benchmark Taiwanese firms to come back to Taiwan; mapping out and implementing the Free Economic Demonstration Zone scheme, and providing land, labor, capital and other production inputs on more favorable terms, to create incentives to attract investment.
Adopting innovative financial strategies to help raise funding for public works; and actively inducing participation in projects, to draw domestic capital and foreign and mainland Chinese investment into public construction.
"Enhance government efficacy"
Cleaning up and reviewing idle state-owned land, vitalizing public land and assets, and developing benchmark public land, to spur regional development and vitalize local economies.
Developing the Songshan Airport "civil aviation-related industrial corridor;" tasking TIPC with developing Keelung, Kaohsiung and other major international ports into international cruise ship hubs and shape them as all-round value-adding logistics ports; and continuing to expand Taiwan's aviation network, to spur regional and industrial development.
Responding to subjective and objective conditions and challenges at home and abroad; adhering to the governing ideal of creating a prosperous, harmonious and sustainable Taiwan as enunciated in the Golden Decade National Vision; working all out to implement the Economic Power-up Plan, the Free Economic Demonstration Zone plan, and other plans, programs and projects; and through innovation, opening and structural adjustment, along with stepped up institutional adjustment and regulatory loosening, striving to raise Taiwan's economic growth potential, and ensure the greater inclusivity and sustainability of Taiwan's economy. The goals for economic development for 2013 are set as follows:
Target for average annual economic rate set at 4.5%.
Target for CPI increase rate set at not above 2%.
The unemployment rate in 2016 at 3.9% (an employment growth rate of 1.0%, and a labor force participation rate of 58.7%).
To achieve a 4.5% annual GDP growth rate in the next 4 years, the most important dynamics for economic growth sources consists:
Labor input contributes 0.57% (accounting for 12.67%)
Capital accumulation contribute 1.21% (accounting for 26.89%)
Total factor productivity contributes 2.72% (accounting for 60.44%)
Annual Plan for 2013
Grasping economic recovery opportunities, strenuously implementing the Economic Power-up Plan, the Project to Strengthen the Promotion of Investment in Taiwan by Overseas Taiwanese Businesses, and other plans, programs and projects, stimulating private investment and revitalizing private consumption confidence, and expanding exports to emerging markets, to optimize the effects of strengthening domestic demand and expanding exports. The goals for economic development for 2013 are set as follows:
Target for economic growth rate set at 3.8%, which is 0.65 of a percentage point higher than the DGBAS forecast of 3.15%.
Target for CPI increase rate set at not above 2%.
The unemployment rate at 4.1% (an employment growth rate of 1.1%, and a labor force participation rate of 58.4%).
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