With outbound shipments contracting in the first four months of the year, the Ministry of Economic Affairs (MOEA) yesterday launched a program to boost exports.
The program covers 45 measures and includes expanding financial support for small and medium-sized enterprises, inviting more foreign buyers to the country, promoting Taiwanese products and holding online procurement meetings, Minister of Economic Affairs Shih Yen-shiang (施顏祥) told a press briefing.
The ministry plans to use the NT$3.16 billion (US$106.87 million) project to generate US$2.12 billion in business opportunities this year, Shih said.
In addition to promoting -exports to China, the US and Europe, the ministry will also focus on other emerging and potential markets, including the ASEAN, the Middle East and the Balkans.
The ministry has already established a mechanism to monitor exports to major markets. In the event exports of a particular item fall below 80 percent of the target, the ministry and other government agencies will propose solutions to tackle the decline.
According to the ministry, the growth target for this year is 8 percent, with total exports expected to reach about US$333 billion.
That compares with exports of US$308.3 billion, which were up 12.3 percent from a year earlier, ministry tallies showed.
With exports in the first four months of the year falling 4.7 percent from the same period last year to US$96.37 billion, Shih said it would be difficult — but not impossible — to reach the goal.
“We should not be pessimistic,” he said, adding that exports generally grow faster in the second half of the year.