Taiwan’s Financial Supervisory Commission has planned to increase the amount foreign workers can take out of the island, CNA reported on July 17.
Foreign workers are currently not allowed to bring more than $12,200 a year out of the island. The commission plans to increase this to $15,300.
This will affect more than 700,000 foreign workers currently on the island. The commission explains its decision by saying that the income of these migrant workers has increased.
The specific proposed changes to the regulations will be published for public comment for 60 days. They should come into effect in the fourth quarter of this year. Parliamentary approval is not required.
Let’s remember that population aging is a serious problem for Taiwan. The island’s leaders see recruiting immigrants from abroad as one way to solve this problem. The working-age population is declining amid falling birth rates and an aging population.
The government intends to focus on three areas to address the problem: strengthening the search for highly qualified foreign administrative specialists, attracting and retaining more foreign students, especially those of Chinese origin, and attracting and retaining migrant workers who are simultaneously pursuing studies in Taiwan, including university.
Source: Rossa Primavera
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