Premier Cho hosts first 2025 cabinet meeting

2025/01/06

Premier Cho Jung-tai said that further developing the economy and enhancing societal security are two major administrative goals in the new year.

Cho made the remarks Jan. 2 and noted that last year’s economic growth rate could reach previous estimates of 4.27 percent and that the stock market closed at 23,035 points Dec. 31, an annual increase of 5,105 points, the best record of the last quarter century. 

To enhance societal safety, the premier said that combatting fraud and illegal drugs, stabilizing commodity prices, bridging the wealth gap and accelerating urban renewal would be addressed. 

Cho added that in the new year, the EY’s Economic Development Committee projects would start implementation, including the National Development Plan (2025-2028), the National Talent Competitiveness Jumpstart Program, the micro-, small and medium-sized enterprise diversified revitalization plan. 

Recently, the EDC passed two major resolutions. The first was an initiative on optimizing six major areas’ industries and life circles, including the integration of New Taipei City, Keelung City and Ilan County with the capital Taipei City; forging the Taoyuan, Hsinchu and Miaoli areas as a Silicon Valley and consolidating Taichung, Changhua, Nantou and Yunlin counties in central Taiwan as hubs for precision and smart industries, among plans for three other areas. The second resolution is implementing over 140 major infrastructures across Taiwan.

In addition, the premier anticipated working more closely with the U.S. to advance bilateral economic ties; establish a working panel to upgrade defense resilience and implement a smart country initiative. 


Source: Taiwan Today (https://taiwantoday.tw/index.php)