At Thursday's weekly Cabinet meeting, Premier Cho Jung-tai received a Ministry of Economic Affairs briefing on the outcomes of and updates to the Three Major Programs for Investing in Taiwan. The premier said that the programs—which launched their first phase in 2019 during the U.S.-China trade war—have attracted investments exceeding NT$2.5 trillion (approximately US$86.7 billion) from over 1,600 enterprises, surpassing their targets ahead of schedule and creating more than 160,000 job opportunities. He expressed hope that the second phase, known as the Three Major Programs for Investing in Taiwan 2.0, will attract an additional NT$1.2 trillion (approx. US$41.6 billion) in investment and generate 80,000 more jobs.
Premier Cho further announced that the 2.0 initiative will extend the programs through 2027, and that eligibility will be expanded to include overseas Taiwanese businesses worldwide and foreign investing enterprises. The focus will include industries under the "five plus two" innovative industries plan, the Six Core Strategic Industries, the Five Trusted Industry Sectors, the health industry and the service sector. In addition to continuing its promotion of energy-saving transformation, the government will intensify efforts to help businesses adopt AI transformation. This support aligns with the global trend of accelerating industry transformation among suppliers and aims to provide greater assistance to micro-, small and medium-sized enterprises.
The premier also noted that Taiwan ranked 6th out of 69 countries in the 2025 World Competitiveness Yearbook, recently published by the Switzerland-based International Institute for Management Development (IMD), marking a two-spot improvement from 2024. Taiwan also jumped from 26th to 10th place this year in the report's economic performance index, demonstrating the soundness and effective implementation of the nation's economic and trade policies in recent years.