Taiwan is targeting export growth of 5.5 percent and overall economic growth of at least 3 percent for next year, Minister of Economic Affairs Shih Yen-shiang (施顏祥) said yesterday.
He pledged that the ministry would help local businesses secure more orders in world markets next year despite global economic uncertainty.
Exports totaled US$275 billion in the first 11 months of the year, down 3.3 percent from a year earlier, according to statistics, and economists believe that no matter what happens this month, export growth will remain negative for the year as a whole.
To boost exports next year, Shih said the ministry plans to lead delegations to the nation’s major trading markets, enhance marketing strategies, build the nation’s image and expand end-product export volumes.
As for emerging markets — a key driver of the global economy — the ministry plans to set up new branches and business centers in key areas, the minister said.
Shih was optimistic for the potential of emerging markets, predicting exports to them would post double-digit growth next year.
Local and foreign research institutes have generally predicted the country’s economy to grow more than 3 percent next year, ranging from a 3.05 percent forecast by Academia Sinica, the country’s top research institution, to the 4 percent projected by the World Bank.