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Economics ministry targeting 4.2% export growth for 2014

Economics ministry targeting 4.2% export growth for 2014

Taipei, Jan. 9 (CNA) The economics ministry's Bureau of Foreign Trade announced 2014's export growth target as 4.2 percent on Thursday, a sign that the government is anticipating a better global economy this year. The announcement came days after the Ministry of Finance reported Monday that Taiwan's exports over all of 2013 grew only 0.7 percent from a year earlier. The ministry's statistics show US$303.22 billion of exports, the second highest record ever but far short of the Bureau of Foreign Trade's target of 5.5 percent. Nevertheless, the bureau believes Taiwan's economy will be better this year and predicted a relatively optimistic figure for economic growth at 2.7-3 percent, higher than the Directorate-General of Budget, Accounting and Statistics forecast of 2.59 percent. The bureau expects Taiwan's international trade volume to grow 3-5 percent over the year, given estimates that world trade will grow by between 4.9 percent and 5.2 percent. (By Huang Chiao-wen and Y.L. Kao)


Updated : 2021-04-13 11:48 GMT+08:00