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Procurement Meetings Generate Great New Business

Source: Taiwantrade | Updated: 12 October 2012

The nearly 1,000 procurement meetings between overseas buyers and Taiwanese vendors generated some US$350 million in business, the Taiwan External Trade Development Council (TAITRA) said in a statement.

 

The meetings are part of the government's efforts to boost the country's exports amid the global economic downturn, TAITRA said.

 

Although Taiwan's exports in September grew by 10.4 percent from a year earlier, ending six consecutive monthly declines, the country's total exports during the first nine months of 2012 were still down 3.9 percent year-on-year at US$223.56 billion, government figures showed.

 

Setting October as "procurement month," Taiwan has planned a series of procurement meetings to help domestic companies secure orders in foreign markets.

 

At least 500 buyers, including Bukhamseen Holding Group of Kuwait, Marathon Electric India Private of India and Pensonic Industries of Malaysia, are expected to come to Taiwan as part of the campaign, TAITRA said.

 

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