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Textiles, telecoms could boost exports: BOFT

The Bureau of Foreign Trade (BOFT) has set its sights on pushing up exports of telecommunications and textile products in a bid to revive the country's sliding outbound shipments, a board spokesman said yesterday.

The board has invited foreign buyers to visit exhibitions such as the annual Taipei Innovative Textile Application Show (TITAS) and the Computex Taipei show, the spokesman said, adding that trade promotion delegations have also been organized to boost sales overseas.

The activities have gradually borne fruit, as this year's TITAS and Computex shows both drew large numbers of foreign buyers, the official said.

More than 2,000 foreign buyers visited TITAS from Sept. 29 to Oct. 1, including executives from companies such as Nike and Stafnal. Orders worth US$3.04 million were placed with domestic companies on the spot, while the value of follow-up orders were estimated at around US$15 million.

The elimination of a global quota system at the beginning of this year was widely believed to impact Taiwan's textile industry due to aggressive competition from China, and it has increasingly shifted focus to value-added functional products, he said.

The two categories of products have shown heavy declines in exports since the start of this year, with the total value of telecommunications exports for the first nine months dwindling by 20 percent year on year to US$7.562 billion.
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