Taiwan opened a one-stop investment service center Sunday to facilitate its drive to attract investment from around the world, a campaign expected to be made easier by the elimination of three major hurdles. 'The new center is like a large department store that can satisfy various needs of foreign investors intending to launch new ventures or production lines in Taiwan, ' Premier Wu Den-yih said while presiding over the opening of the new office. Three major barriers -- an insecure investment climate due to tensions in the Taiwan Strait, a lack of direct cross-striat transportation links and high corporate income taxes -- used to discourage foreign investment in Taiwan, Wu said. But with cross-strait relations improved under President Ma Ying-jeou's flexible diplomatic approach, Wu said Taiwan now boasts a secure investment environment, and the opening of direct shipping and air links to China offers convenient transportation services for the business sector. Moreover, Wu said, the reduction of the corporate income tax to 17 percent this year and the tariff cuts on a number of products shipped to China under a recently signed economic cooperation framework agreement (ECFA) have made Taiwan even more competitive in attracting new investment from both home and abroad. 'Now we hope the new service center will enhance our efficiency in dealing with applications for launching new ventures in Taiwan, ' Wu said, adding that the new center will offer customized services for prospective investors. Speaking on the same occasion, Minister of Economic Affairs Shih Yen-shiang, who concurrently heads the new one-stop service center, said Taiwan must seek investment from around the world to fundamentally change its industrial structure and create more jobs. 'The new center will assign officials to handle specific investment cases, with efficiency and quality service as top priorities, ' Shih said. He said the center will offer guidance on a wide range of issues, including legal questions and issues related to daily life. On the recent controversies surrounding the Central Taiwan Science Park expansion projects, Wu said the government will assume full responsibility to resolve all relevant disputes. Even though environmental assessment disputes over the park's plan to expand to Houli in Taichung County originated during the previous Democratic Progressive Party administration, Wu said the current government will pool its wisdom to find a solution to protect companies building new factories there from being affected. 