Minister of Economic Affairs John Deng (鄧振中) yesterday said that Taiwan’s exports of finished products to five emerging regional markets have been significantly boosted by a trade promotion project conceived by the ministry.
The significant growth is the result of the ministry’s Project to Promote Most-Valued Products in Emerging Markets, aimed at providing good quality goods at affordable prices to emerging markets, Deng said at an emerging market forum held by the ministry’s Bureau of Foreign Trade.
Under the project, Taiwan’s exports of finished products to the five emerging markets of Indonesia, India, Vietnam, the Philippines and China more than doubled to US$9.6 billion last year from US$4.53 billion in 2009, Deng said.
The pace of growth was faster than that of Taiwan’s overall exports, which grew 54 percent over the same period.
In the first 10 months of this year, Taiwan’s finished goods exports to the five markets totaled US$7.9 billion, Deng said.
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