The Taiwan External Trade Development Council (TAITRA), Taiwan’s main trade promotion body, opened its first-ever trade fair in Myanmar yesterday, hoping to create opportunities for Taiwanese equipment makers in the emerging market.
A total of 126 Taiwanese companies and business groups are participating in the expo, EMMA (electrical, motor, machinery and auto parts) Fair Myanmar 2013, being held in Yangon until Monday.
TAITRA expects the show to generate more than NT$500 million (US$16.72 million) in orders. More than 2,500 items are being exhibited in four major sections: electronics; hydraulic and pneumatic equipment; motors and pumps; and auto and motorcycle parts.
According to TAITRA, Myanmar has a growing demand for equipment to develop its infrastructure and the show should create opportunities for Taiwanese firms.
Taiwanese participants at the event include Shihlin Electric & Engineering Corp (士林電機), Tatung Co (大同), Depo Auto Parts Industrial Co (帝寶工業) and TYC Brother Industrial Co (堤維西), TAITRA said. Representatives from Taiwan’s major business groups, such as the Taiwan Electric & Electronic Manufacturers’ Association and the Taiwan Transportation Vehicle Manufacturers Association, are also at the show, it said.
Last year, Taiwan’s exports to Myanmar totaled US$145.51 million, up from US$132.71 million in 2011, while imports from Myanmar rose to US$76.29 million from US$74.31 million in the previous year.