This Act is enacted to promote the sustainable development of the marine industry, enhance the competitiveness of the marine industry, and strengthen the functions of policy integration and coordination. In this Act the term “marine industry” refers to the industries as prescribed in Article 4 that use marine resources and space for various production and service activities, including: ocean energy, marine biotechnology, non-living marine resources, marine mineral resources, ocean fishery, marine tourism and recreation, mariculture, marine surveying and mapping, marine environmental protection, etc. The central competent authority should coordinate with and integrate the marine monitoring, surveying and mapping information of various government departments (institutions) to establish a ocean database (art.5). The government should prepare a budget to promote the marine industry (art.6). The Act further makes provisions, inter alia, for: tax relief or tax exemption for investment in the research and development of marine products and services as well as related personnel training, establishment of preferential financing channels and credit guarantee mechanisms for investment in the development of the marine industry, setting up a marine database, necessary marine monitoring and surveying facilities, and marine industry parks or designating marine industry zones.
Taiwan Province of China · 2023-06-21