The Ministry of Economic Affairs (MOEA; ) is the ministry of the Republic of China (

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main geography of Taiwan, island of Taiwan, also known as ''Formosa'', lies between the East China Sea, East and South China Seas in the northwestern Pacific Ocea ...

) responsible for formulating

policy Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an or ...

and

laws Law is a set of rules that are created and are law enforcement, enforceable by social or governmental institutions to regulate behavior, with its precise definition a matter of longstanding debate. It has been variously described as a Socia ...

for industry and trade,

foreign direct investment A foreign direct investment (FDI) is an ownership stake in a company, made by a foreign investor, company, or government from another country. More specifically, it describes a controlling ownership an asset in one country by an entity based i ...

, energy, minerals, measurement standards,

intellectual property Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, co ...

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

s. The ministry is a cabinet level government agency of the

Executive Yuan The Executive Yuan () is the executive (government), executive branch of the government of the Republic of China (Taiwan). Under the Additional Articles of the Constitution of the Republic of China, amended constitution, the head of the Execut ...

. The executive agency promotes industrial and economic policies which allows economic activity and growth, increased employment and investments in sector which are critical to

Taiwan's economy Taiwan is a highly developed free-market economy. It is the 8th largest in Asia and 21st-largest in the world by purchasing power parity, allowing Taiwan to be included in the advanced economies group by the International Monetary Fund. Taiwa ...

. Taiwan's main exports are

electronics Electronics is a scientific and engineering discipline that studies and applies the principles of physics to design, create, and operate devices that manipulate electrons and other Electric charge, electrically charged particles. It is a subfield ...

computers A computer is a machine that can be programmed to automatically carry out sequences of arithmetic or logical operations ('' computation''). Modern digital electronic computers can perform generic sets of operations known as ''programs'', ...

telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

equipment,

industrial design Industrial design is a process of design applied to physical Product (business), products that are to be manufactured by mass production. It is the creative act of determining and defining a product's form and features, which takes place in adva ...

services and

creative industries The creative industries refers to a range of economic activities which are concerned with the generation or exploitation of knowledge and information. They may variously also be referred to as the cultural industries (especially in Europe) or the ...

culture Culture ( ) is a concept that encompasses the social behavior, institutions, and Social norm, norms found in human societies, as well as the knowledge, beliefs, arts, laws, Social norm, customs, capabilities, Attitude (psychology), attitudes ...

History

MOEA was initially established in June 1931 as National Economic Council by the

. In December 1931, the council was merged with other organizations to create the Ministry of Basic Industries. In December 1937, the ministry was reorganized as the Ministry of Economic Affairs. The MOEA continued to function in Taiwan since 1949 after the

Kuomintang The Kuomintang (KMT) is a major political party in the Republic of China (Taiwan). It was the one party state, sole ruling party of the country Republic of China (1912-1949), during its rule from 1927 to 1949 in Mainland China until Retreat ...

was defeated on the

mainland Mainland is defined as "relating to or forming the main part of a country or continent, not including the islands around it egardless of status under territorial jurisdiction by an entity" The term is often politically, economically and/or demogr ...

during the

Chinese Civil War The Chinese Civil War was fought between the Kuomintang-led Nationalist government, government of the Republic of China (1912–1949), Republic of China and the forces of the Chinese Communist Party (CCP). Armed conflict continued intermitt ...

Structure

ROC-MOEA Department of Commerce plate 20131012

The Ministry of Economic Affairs is very important in the management of Taiwan's economy. It manages a number of statutory bodies and state owned enterprises.

Staff units

The internal structure of the MOEA: *Department of General Planning *Department of Industrial Technology *Department of Investment Promotion *Department of Investment Review * Department of State-owned Enterprise Affairs *Department of Economic Legal Affairs *Department of General Affairs *Department of Personnel *Department of Civil Service Ethics *Department of Accounting *Department of Statistics *Department of Information Management

Administrative agencies

The Ministry of Economic Affairs is responsible for the entire Taiwanese economy. It has a number of statutory administrative agencies reporting under it. They are: * Industrial Development Administration * Administration of Commerce * Small and Medium Enterprise Administration *

International Trade Administration The International Trade Administration (ITA) is an agency in the United States Department of Commerce that promotes United States exports of nonagricultural U.S. goods and services. Duties The ITA's stated goals are to # Provide practical info ...

* Energy Administration * Water Resources Agency * Intellectual Property Office * Bureau of Standards, Metrology and Inspection ** Keelung Branch ** Hsinchu Branch ** Taichung Branch ** Tainan Branch ** Kaohsiung Branch ** Hualien Branch * Bureau of Industrial Parks ** Kaohsiung Export Processing Zone ** Taichung Export Processing Zone ** Chungkang Export Processing Zone ** Pingtung Export Processing Zone * Geological Survey and Mining Management Agency (formerly the Central Geological Survey and the Bureau of Mines)

National corporations

The Ministry of Economic Affairs have a number of state owned enterprises reporting to it. They are: * Taiwan Sugar Corporation *

Taiwan Power Company The Taiwan Power Company (), also known by the short name Taipower (), is a state-owned electric power industry providing electricity to Taiwan and its off-shore islands. History Taipower was established on 1 May 1946. Its origins can be trace ...

CPC Corporation The CPC Corporation () is a state-owned petroleum, natural gas, and gasoline company in Taiwan and is the core of the Taiwanese petrochemicals industry. History Early history CPC was founded on 1 June 1946 in Shanghai as Chinese Petroleum Corpo ...

* Taiwan Water Corporation

Overseas offices

List of ministers

Pre-1947 Constitution

*1928: H. H. Kung *1931: Chen Kung-po (陳公博) hen Gongbo*1935: Wu T’ing-chang (吳鼎昌) u Dingchang*1937: Ch’eng T’ien-ku (程天固) heng Tiangu*1938: Wang Wen-ho (翁文灝) eng Wenhao*1946:

Wang Yun-wu Wang Yun-wu (; ; July 9, 1888 – August 14, 1979) was an influential Chinese publisher, politician, and scholar of history and political science. He invented the ''Shih Chiao Hao Ma'', a method of Chinese lexicography also sometimes referred t ...

Post-1947 Constitution

Political Party: † Died in office.

Access

The MOEA building is accessible by walking distance West of Guting Station of the

Taipei Metro Taipei Metro (also known as Taipei Mass Rapid Transit (MRT) and branded as Metro Taipei) is a rapid transit system operated by the Taipei Rapid Transit Corporation serving the capital Taipei and New Taipei City in Taiwan. It was the first rapi ...

on the Orange Line.

References

External links

*
Industrial Professional Assessment System
{{authority control Economic Affairs

1931 establishments in China Republic of China, Economic Affairs Finance in Taiwan