The Taiwan External Trade Development Council (TAITRA, 外貿協會) yesterday said more than 56 buyers from 14 oil-producing countries have been in negotiations with Taiwanese firms and are expected to place about US$30 million of orders for an array of made-in-Taiwan products, including electronics, automobile components and medical equipment.
TAITRA secretary-general Chao Yuen-chuan (趙永全) said that since June the Ministry of Economic Affairs (MOEA) and TAITRA have been in talks with companies from emerging markets, urging them to place orders with Taiwanese firms.
Based on the government’s latest exports data, Taiwanese exports to emerging markets grew 5.2 percent in the first 10 months of the year. Export orders from emerging markets, particularly oil-producing countries, accounted for up to 28 percent of the nation’s total export orders, government data showed.
On Thursday, TAITRA and the MOEA invited 56 buyers from oil-producing countries — including Saudi Arabia, Kuwait, Bahrain, United Arab Emirates, Oman, Kazakhstan, Uzbekistan, Egypt, Libya, Algeria, Tunisia, Nigeria, Indonesia and Myanmar — to attend a one-on-one business matchmaking meeting with 231 Taiwanese firms.
The arrangement was aimed at boosting Taiwan’s trade performance and helping local firms explore business opportunities, TAITRA said in a statement.
In the business matchmaking event, buyers from oil-producing countries were mainly interested in purchasing goods that are in high demand in their nations, including communications equipment, construction materials, sanitary equipment, automotive components, plants, medical equipment, computer hardware, software and peripherals, electronics, home appliances, chemical raw materials, cosmetics and seafood, TAITRA said.
Representatives from companies such as Al-Ahleia Switchgear Co and Egypt Automotive Co were at the meeting on Thursday.
Taiwanese firms including Teco Group (東元集團), Quanta Computer Inc (廣達), Hey-Song Corp (黑松) and E-G-Sain Co Ltd (一之鄉) also sent delegates to the meeting, TAITRA said.