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MOEA official talks up green trade sector

TAIPEI -- Green trade can drive the country's economy forward amid the global economic downturn, an economic official said yesterday, adding that Taiwan is in a "good position" to promote this cause.

"The green industry is certainly a rising star and can boost the economy in the long run," Chen Tain-jy, director of the Ministry of Economic Affair's Green Trade Project Office, told CNA on the sidelines of the Taiwan Green Classics Awards.

Taiwan, which has an export-oriented economy, plays a critical role in the supply chain in many fields around the world, Chen said, adding that many industries in Taiwan have adopted international standards.

With innovation, Taiwan can use this opportunity to boost its economy, according to Chen.

Since new environmental standards lead to new business opportunities, the prospect of green trade is "very promising," he added.

The government, in collaboration with the Chung-Hua Institution for Economic Research and the Industrial Technology Research Institute, initiated a three-year Green Trade Promotion Project in 2011 to promote sustainable and environmentally friendly products, services and resources.

The output value of Taiwan's green trade exports reached US$42.8 billion in 2011, accounting for 13.88 percent of its total exports, according to government statistics.

The top five importers of Taiwan's green products and services in 2011 were China (US$9.98 billion), Hong Kong (US$6.15 billion), the United States (US$5.89 billion), Japan (US$3.37 billion) and South Korea (US$2.01 billion).

Over 60 green products and services from nearly 40 local companies were vying for the second annual Taiwan Green Classics Awards.

A total of 13 local companies won awards, including flat panel maker AU Optronics Corp., consumer electronics maker BenQ Corp., packaging company Taipei Pack Industries Corp., as well as LED light and lighting components suppliers Everlight Electronics Co. and Nexgen Mediatech Inc.

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