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  • History

    The idea to set up an Export Processing Zone in Taiwan was initiated in the late 1950s and was realized in the 1960s. At that time, there were government's financial difficulty, foreign reserves shortage, increasing population and high unemployment rate, so it was an urgent need for the government to develop industries for export. In the meanwhile, manufacturing industries in industrialized countries happened to start moving overseas. Our government took that opportunity and implemented ”Statue for Investment by Foreign Nationals”, ”Statue for Investment by Overseas Chinese,” and ”Investment Encouragement Act” to attract overseas capital for promoting domestic industrial development.

    Under the world and domestic economic situations of that period of time, a high-efficiency and free special zone was needed to achieve the above-mentioned idea. After a decade of researches, preparations, and de-bottlenecking for system obstacles, two former Vice Presidents, Cheng Chen and Chia-Gan Yen, and former national advisor Dr. K. T. Lee set to establish the first export-processing zone in Taiwan, the Kaohsiung Export Processing Zone, on December 3rd, 1966. The four major goals were to “Attract Foreign Industrial Investment,” “Explore External Trade,” “Increase Job Opportunity” and “Introduce Modern Technology.”

    In the implementation process, former national advisor Dr. K. T. Lee was devoted to the planning and preparation for the special zone, and then, made a remarkable contribution to Taiwan's economic development.



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