TAITRA Calls For An Investment From Emerging Markets

Nov 26, 2012

TAITRA reported that over 56 buyers from 14 oil producing countries, including: Saudi Arabia, Kuwait, Bahrain, United Arab Emirates, Oman, Kazakhstan, Uzbekistan, Egypt, Libya, Algeria, Tunisia, Nigeria, Indonesia, and Myanmar, have been in negotiations with Taiwanese firms and are expected to place about US$30 milion ord orders for an array of made-in-Taiwan roducts, including electronics, automobile components, and medical equipment.

TAITRA secretary-general Chao Yuen-chuan said that since June the MInistry of Economic Affairs (MOEA) and TAITRA have been in talks with companie from emerging markets, urging them to place orders with Taiwanese firms. Buyers from all 14 companies were invited to attend an event consisting of one-on-one meetings with 231 Taiwanese firms. According to TAITRA, the event was aimed at boosting Taiwan's trade performance and helping local firms explore business opportunities.

In the business matchmaking event, buyers from oil-producing companies were mainly interested in purchasing goods that are in high demand in their nations, including communications equipment, construction materials, sanitary equipment, automative components, plants, medical equipment, computer hardware, software and peripherals, electronics, home appliances, chemical raw materials, cosmetics and seafood.

According to the government's latest exports data, Taiwanese exports to emerging markets grew 5.2 percent in the first 10 months of the year. Export order from emerging markets, particularly oil-producing countries, accounted for up to 28 percent of the nation's total export orders, government data showed.


Source:miami.taiwantrade.com.tw


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