Prime Minister Hon Manasseh Sogavare and his delegation currently in Taiwan on an eight-day state visit toured the Kaohsiung Export Processing Zone (KEPZ) as the Democratic Coalition for Change Government draws closer to introducing the Special Economic Zones (SEZs) concept in Solomon Islands in a bid to stimulate economic growth.
The visit was organised to allow the Prime Minister and his delegation to hear of the company’s success stories in export processing since its establishment in 1966 based on the SEZs concept of speeding up economic development by attracting foreign direct investment through the provision of tax exemptions.
The success stories of KEPZ as highlighted by company officials during the tour included its ongoing operation for 50 years now, creation of numerous employment opportunities, earning of substantial foreign reserves and achievement of a robust economic growth.
Speaking at the conclusion of the tour, Prime Minister Sogavare described it as an ‘eye opening’ experience that has enabled him and his delegation to understand the practicality of the SEZs concept.
He said the Solomon Islands Government under the leadership of the Democratic Coalition for Change Government is committed to ensuring robust economic growth for Solomon Islands, adding that Solomon Islands has a lot to learn from the experiences of Taiwan.
The Prime Minister said the Democratic Coalition for Change Government is taking a SEZs legislation bill to Parliament at its next sitting to achieve its robust economic growth policy objective.
Meanwhile, the Prime Minister and his delegation will visit the Kaohsiung Hospital tomorrow as part of its state visitation programme.
They will depart Taiwan this Sunday 31st July and will arrive back in Honiara next Friday, 5th August.