Fri, Nov 02, 2012 - Page 13 News List

US storm may boost auto parts exports

Staff writer, with CNA

Taiwanese auto parts exports are likely to rise in the wake of superstorm Sandy, which caused severe damage on the US east coast, a Taiwan Institute of Economic Research (TIER, 台經院) economist said yesterday.

Gordon Sun (孫明德), director of TIER’s economic forecasting center, said Taiwanese manufacturers might receive rush orders until the first quarter of next year, as the US government hastens recovery efforts during election season.

Meanwhile, Minister of Economic Affairs Shih Yen-shiang (施顏祥) expressed concern on Wednesday that the damage caused by Sandy would affect Taiwan’s exports.

He said the storm could affect sales of consumer products in the US, but added that the construction sector might experience a boom driven by demand for rebuilding.

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