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Taiwan sets goal of 5.5% export growth in 2013

Taiwan sets goal of 5.5% export growth in 2013

Taipei, Dec. 28 (CNA) Taiwan is targeting export growth of 5.5 percent and overall economic growth of at least 3 percent for 2013, Economics Minister Shih Yen-shiang announced Friday. "These targets came after a thorough evaluation and careful calculations," Shih said at a year-end press briefing. He pledged that the ministry will help local businesses secure more orders in world markets next year despite global economic uncertainty. Taiwan's exports totaled US$275 billion in the first 11 months of the year, down 3.3 percent from a year earlier, according to statistics, and economists believe that no matter what happens in December, export growth will remain negative for 2012 as a whole. To boost exports in 2013, Shih said the ministry intends to lead delegations to Taiwan's major trading markets, enhance marketing strategies, build Taiwan's image, and expand the export volume of end products. As for emerging markets -- one of the main drivers of the global economy -- the ministry will set up new branches and business centers in those areas, the minister said. Shih was optimistic over the potential of emerging markets, predicting exports to those markets will post double-digit growth next year. On the forecast of 3 percent growth in Taiwan's gross domestic product (GDP) in 2013, Shih confidently said "that won't be a problem." Local and foreign research institutes have generally predicted the country's economy to grow above 3 percent in 2013, ranging from the 3.05 percent forecast by Academia Sinica, the country's top research institution, to the 4 percent projected by the World Bank. (By James Lee)


Updated : 2021-08-02 15:33 GMT+08:00