The ROC government’s efforts to diversify the country’s export portfolio are paying dividends as emerging markets now account for a record high 25.73 percent of Taiwan’s total shipments, the Taiwan External Trade Development Council (TAITRA) said July 14.
According to the latest TAITRA statistics, Taiwan’s exports of US$39.66 billion to emerging markets represent a 27.7-percent increase, the highest growth rate among all export destinations.
“The strong showing can be attributed to a number of state-sponsored initiatives to expand markets for Taiwan’s exports, with TAITRA playing an important role in the process,” said TAITRA Vice Chairman Wayne Wu.
Wu said so far this year, TAITRA has organized 260 business promotion events at home and overseas, bringing 29,394 foreign buyers and 13,561 domestic suppliers together and generating US$2.83 billion in business opportunities for local firms.
“TAITRA will organize another 29 such events in Taiwan and 20 overseas road shows before the end of August,” Wu said.
Among these activities, 2011 Indonesian Day, to be staged in Taipei July 27, will feature 190 one-on-one business sessions between local suppliers and 19 major firms from the Southeast Asian country, including its leading pharmaceutical distributor PT Enseval Putera Mega Tbk and food supplier PT Unilever Indonesia Tbk, TAITRA said.
The 20 road shows will lead local firms to 16 emerging markets. Highlights include participation in the Southern African International Trade Exhibition later this month and the EMMA Expo India, a TAITRA-organized trade show for Taiwanese electronics, machinery, mold and auto parts suppliers seeking business in the south Asian nation. (THN)
Write to Meg Chang at meg.chang@mail.gio.gov.tw