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TAITRA to send trade delegation to Latin America

TAITRA to send trade delegation to Latin America

Taipei, March 8 (CNA) The government-sponsored Taiwan External Trade Development Council (TAITRA) said Saturday that it will send a delegation to four countries in Latin America to promote Taiwan-made products. The delegation, which will be led by TAITRA vice chairman San Gee, will leave Sunday to start a 16-day trip to visit Brazil, Mexico, Colombia and Ecuador, the TAITRA said. The council said the delegation will be composed of representatives from 54 Taiwanese exporters, making it the largest trade promotion group organized by the council so far this year to target emerging markets. TAITRA added they hope to set up exchange platforms between Taiwan and the four Latin American countries in an attempt to forge closer business ties. The council said the representatives from a wide range of Taiwan's key industries will hold one-on-one meetings with potential buyers in the four Latin American countries. The industries include auto and autobike parts, machinery, textile, metal fasteners, hand tools, LED lighting and solar energy products. According to the TAITRA, The Ministry of Economic Affairs (MOEA) has listed Brazil and Mexico as part of the MOEA's trade promotion targets for 2014. The two countries and Colombia were top three buyers of Taiwanese products in Latin America in 2013, the council said. With Ecuador included, the four Latin American countries accounted for almost 64 percent of Taiwan's total exports to Latin America so the council is determined to boost its efforts to help local companies penetrate these markets. In 2013, Taiwan's exports to Brazil totaled US$1.84 billion, compared with US$1.99 billion recorded a year earlier, making the Latin American country the 18th largest market for Taiwan. Mexico bought US$1.79 billion worth of goods from Taiwan in 2013, compared with US$1.81 billion a year earlier, and Colombia imported US$426.07 million worth of Taiwan-made products in the same year, compared with US$409.09 million registered in 2012. Last year, Mexico and Colombia ranked as Taiwan's 20th and 42nd largest export markets, respectively. Ecuador was the 57th largest market of Taiwan in 2013, buying US$197.95 million worth of Taiwan's products, compared with US$198.85 million recorded in 2012. In 2013, the four Latin American countries purchased about 1.4 percent of Taiwan's total exports. (By Lin Meng-ju and Frances Huang)


Updated : 2021-09-21 11:41 GMT+08:00