Week-long event looking to provide boost for exports

Staff writer, with CNA

Tue, Oct 16, 2012 - Page 14

Taiwan has invited more than 200 international buyers from 23 countries to hold procurement meetings nationwide over the next five days, with the aim of boosting the country’s exports, Taiwan’s main trade promotion body said yesterday.

About 1,750 one-on-one procurement meetings will be held during the first-ever Taiwan Procurement Industry Cluster Week, said Chao Yuen-chuan (趙永全), secretary-general of the Taiwan External Trade Development Council (TAITRA, 外貿協會).

The five-day event will take place in Taipei, Greater Taichung, Greater Tainan and Greater Kaohsiung, with 225 overseas buyers and 670 local suppliers participating, Chao said at the opening ceremony in Taipei.

The procurement meetings will focus on different industries in the various cities, Chao said.

Those in Taipei will deal mainly with electronics and information and communications technology, he said.

In Greater Kaohsiung, the focus will be on steel and iron products and frozen food, while in Greater Taichung it will be bicycles, machinery and hardware hand tools. In Greater Tainan, the discussions will revolve around auto parts and biotechnology.

The meetings, which are expected to generate US$5 billion in business, are part of the government’s efforts to boost the country’s exports amid the global economic downturn, TAITRA said.

The nation’s exports grew by 10.4 percent last month from a year earlier, ending six consecutive months of year-on-year decline. However, exports for the first nine months of the year were down 3.9 percent year-on-year at US$223.56 billion.