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Updated Tuesday, January 11, 2011 9:47 pm TWN, CNA

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Taiwan's exports to China rise sharply in 2010: TAITRA

TAIPEI--Taiwan's exports to China grew sharply in 2010, outpacing the growth of the country's exports to the rest of the world, the Taiwan External Trade Development Council (TAITRA), Taiwan's major foreign trade arm, reported yesterday.

Taiwan's exports to China (including Hong Kong) grew 37.1 percent in 2010 to US$114.78 billion, said TAITRA Chairman Wang Chih-kang, citing Ministry of Finance statistics, at a year-end press conference on the agency's performance over the past year.

Total exports grew 34.84 percent to US$274.6 billion, a record high that exceeded the US$203.6 billion and US$255.6 billion figures posted in 2009 and 2008, respectively, indicating that Taiwan had put the 2008-2009 global economic crunch behind it, Wang said.

China's share of Taiwan's exports was 41.8 percent, a record high and 0.7 percentage points higher than in 2009. Between 2005 and 2008, China was the target of between 39 percent and 40.7 percent of the country's exports.

Despite last year's rally, Wang said Taiwan was expected to maintain its export momentum to China in 2011, in part because of trade promotion activities to be organized there by the agency.

He said TAITRA has planned six major trade exhibitions and two smaller-scale trade shows in China this year, mainly to promote the 557 Taiwanese products that will be given preferential tariffs from China under the Taiwan-China economic cooperation framework agreement's “early harvest” list, which took effect on Jan. 1.

The main geographical focus will be China's first-and second-tier cities, including Guangzhou, Chongqing, Nanjing, Tianjin, Shenyang and Wuhan, Wang said.

He also anticipated that four Chinese municipalities and 15 Chinese provinces would invite Taiwan businesses to stage trade shows in China this year.

In 2010, TAITRA organized five exhibitions of signature Taiwanese goods in major cities around China and helped coordinate the visits of 29 Chinese trade-canvassing groups and 12 Chinese government procurement groups to Taiwan, activities that generated US$20.89 billion of business, Wang said.

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