Exports to pick up in H2: TAITRA president
The China Post news staff
July 28, 2012, 12:09 am TWN
Taiwan's exports in the second half are expected to get better, thanks to Chinese procurement groups and the government's own stimulation measures, said Y. C. Chao, president of Taiwan External Trade Development Council (TAITRA), yesterday during an interview with the Central News Agency.
Yet he also warned there are various uncertain factors that may affect exports. These factors include the European debt crisis, a slowed recovery of the U.S. economy, tensions in the Middle East, and a hard landing of the Chinese economy.
He said of total products exported from Taiwan, 78 percent are raw materials and intermediary goods, 18 percent are capital goods and four percent are consumption goods. To raise the proportion of consumption goods exports, TAITRA has held various exhibitions in China and reported good results, he said.
As for the “2012 Flying Dragon Project” launched by the Ministry of Economic Affairs (MOEA) in May seeking to export unique products to specific markets, Chao said while the project “may be cliche, it will produce strong effects in the short-term.”
“Right now we're saving fire, and we can't try new tricks whose effects have not been proven,” he said.
He also mentioned various Chinese procurement groups that visited Taiwan, including the one led by Bai Weimin, vice president of the China Video Industry Association, in June and another one led by Jiang Yaoping, deputy chief of the Chinese Ministry of Commerce, scheduled to arrive on Aug. 8.