The Ministry of Economic Affairs (MOEA) has gone all-out to create revenue, profit and value for Taiwanese businesses through commercial innovation and new applications of technology in recent years, Premier Jiang Yi-huah said today.
These include developing excellent "smart commercial service" models and driving businesses' transformations to move higher up industry value chains, he said. Moreover, the ministry has assisted service industries with innovative research and development.
The premier made these remarks after the MOEA gave a briefing on its related initiatives at today's Cabinet meeting. He commended its work, saying it is increasing the international competitiveness of Taiwan's service industries and significantly expanding their markets.
The commercial services industry makes up the largest share of the nation's services in terms of economic impact and job creation and is a pillar of Taiwan's economic growth, Jiang said. He asked the MOEA to continue integrating relevant resources from different agencies and formulate policies and guidance plans to resolve issues like unrealized foreign market growth potential and the insufficiency of present research and development spending.
Information security should be a particular focus of e-commerce development, Jiang added. He informed the MOEA that it may seek assistance from the Executive Yuan's Office of Information and Communication Security in order to check its information security and adjust its related systems.
Over the past three years, technological diffusion has generated NT$388 million (US$12.9 million) of authorized funds and NT$197 million (US$6.6 million) of technical services revenue, and promoted NT$173.7 billion (US$5.79 billion) of overall investment, the MOEA stated.
Moving forward, the MOEA will continue promoting third-party payment services along with related legal adjustments and information security reinforcement. It will also deploy industries like logistics, e-commerce, and chains and franchises in overseas markets to support commercial services.