Minister of Economic Affairs Chii-ming Yiin of Taiwan

Yiin said the commission would amend the regulations according to “public opinion.

Yiin said bonuses for employees of state-owned businesses were either performance-based or profit-based.

Asked if he would consider retracting the bonuses distributed so far this year, Yiin said there were no laws to justify such action.

the location of the zone or on the type of incentives to be provided.

transportation facilities, such as a sea port.

Yiin said that the government will focus this year and next year on more active participation in foreign trade fairs and expanding and improving locally held expositions.

Speaking at the September Monthly Members Luncheon of the European Chamber of Commerce (ECCT), MOEA Minister Yiin said that an FTA between Taiwan and the EU would "serve the investment and trade interests of both sides.

Speaking at the ECCTs September Monthly Members Luncheon on the subject of EU-Taiwan Investment and Trade Relations, Minister Yiin said that the current administration under President Ma Ying-jeou places "high priority" on pursuing bilateral trade deals with its major trading partners including the United States and the EU.

Answering a question from the audience on how the government plans to deal with the current global credit crisis, Minister Yiin expressed confidence that Taiwan would weather the storm thanks to strong local fundamentals.

Mr Yiin is currently leading a 23-member high-power trade mission in India.

Yiin had answered a previous question at a Legislative Yuan committee meeting on his office’s lack of preparation in coping with the credit crunch and surging commodity prices.

Yiin was forced to make the pledges as lawmakers of both the ruling Kuomintang and opposition Democratic Progressive Party jointly threatened to suspend screening budget proposals raised by units under the economics ministry for the next fiscal year if the ministry fails to reduce oil prices and electricity rates.

Taipower generates much of its electricity from thermal coal, and Yiin said a rise in international coal prices from NT$2,280 per ton on July 1 to NT$3,938 in October, made it difficult to cut power rates to users.

Addressing public concerns that the relaxation will result in a technology exodus to China, Yiin said this should not be a problem as long as crucial technologies remain in Taiwan.

expand their investments and sales throughout Asia.

Yiin is leading a 23-member high-powered trade mission in India.

Urging Indian business community to invest in Taiwan, Yiin said that a free and open trade and investment environment should be created to maximize the fruits of cooperation.

Speaking at a public hearing sponsored by DPP lawmaker Hong Chi-chang (洪奇昌) on the development of the domestic aviation industry, Yiin said upgrading is essential at this critical moment when the US aviation industry is undergoing a downturn.

Yiin said at a news conference that the Directorate-General of Budget, Accounting and Statistics and the IMF set Taiwan’s economic growth for this year at 2.

Yiin had a disapproval rating of 40 percent, against only 22 percent who said they were satisfied with his performance.

With the world facing weak investment demand, Yiin said he intends to "expedite and strengthen" major investment projects.

Speaking on the sidelines of a seminar on technology partnership with Taiwan organised by CII, Yiin said the Indian market is opening up and provides a huge potential for foreign investors.

Yiin said India was not very keen on signing an investment protection agreement and a double taxation avoidance agreement with Taiwan.

Yiin said China has been very pro-active in sending their business delegations to study the investment environment and also to offer incentive programmes to lure Taiwanese companies to invest in China.