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September 20, 2017

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Procurement meetings to boost exports: TAITRA

TAIPEI--Nearly 300 online procurement meetings, slated for Oct. 9, are expected to generate NT$600 million (US$20.5 million) in business for Taiwanese companies, according to Taiwan's main trade body.

The meetings with 78 buyers from Europe, the United States and emerging markets are expected to boost the country's declining exports, the Taiwan External Trade Development Council (TAITRA) said in a recent statement.

The value of Taiwan's exports fell 4.2 percent in August from the same month last year to US$24.6 billion, the sixth consecutive monthly decline. Exports in the January-August period totaled US$196.3 billion, an annual decline of 5.6 percent, according to government statistics.

Among the international buyers will be six from Brazil, who will stay up late at night to conduct the online meetings starting from 10 p.m. to 1 a.m. local time due to the time difference of 11 hours, TAITRA said.

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