The Ministry of Economic Affairs (MOEA; Chinese: 經濟部; pinyin: Jīngjìbù; Pe̍h-ōe-jī: Keng-chè-pō͘) is the ministry of the Republic of China (Taiwan) responsible for formulating policy and laws for industry and trade, foreign direct investment, energy, minerals, measurement standards, intellectual property, state-owned enterprises. The ministry is a cabinet level government agency of the Executive Yuan.
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's main exports are electronics, computers, telecommunications equipment, industrial design services and creative industries/culture.[2]
MOEA was initially established in June 1931 as National Economic Council by the Executive Yuan. 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 was defeated on the mainland during the Chinese Civil War.
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.[3]
The internal structure of the MOEA:
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:
The Ministry of Economic Affairs have a number of state owned enterprises reporting to it. They are:
Political Party: Chinese Youth Party Kuomintang Non-partisan/unknown
† Died in office.
The MOEA building is accessible by walking distance West of Guting Station of the Taipei Metro on the Orange Line.[5]
