Exports to emerging markets grow: TAITRA
The China Post news staffTaiwan exports to emerging markets during the first half of 2011 rose 27.7 percent year-on-year, significantly higher than the 10 percent increase for exports to China during the same period, said Wu Wen-ya, vice chairman of Taiwan External Trade Development Council (TAITRA), yesterday.
July 14, 2011, 11:27 am TWN
Of the total exports to emerging markets, those to India rose by 50 percent during the first six months, while exports to Russia, Vietnam and the Middle East rose by 47 percent, 27 percent and 36 percent, respectively, he said.
According to Wu, while China is a big market, TAITRA still hopes that Taiwan exporters could set their sights on other markets as well.
The trade promotion group had originally hoped that exports to emerging markets could grow 23.5 percent during the first half, and manufacturers have exceeded that goal, Wu said.
“This means our promotional efforts targeting emerging markets have worked,” he said.
According to Wu, the United States and Europe have yet to recover fully from the downturn two years ago. Greece and Italy are currently mired in an ongoing debt crisis that may spill into the rest of Europe.
Emerging markets, on the other hand, have strong business potential, he said.
He pointed out that so far this year, TAITRA has held 260 trade symposiums targeting emerging market buyers, who have committed about US$2.82892 billion to buy Taiwanese products.
Then, at the end of August, TAITRA will hold another 49 trade events, Wu said.
On July 27, TAITRA will hold an Indonesia trade promotion event, which will be attended by 19 major buyers including Enseval Putera Mega and Unilever Indonesia, he said.