Sourcing Taiwan may bring in US$5 bil.

By Kathy Chu, The China Post

TAIPEI, Taiwan — Sourcing Taiwan 2013, a government-sponsored trade show designed to attract international buyers, may bring in US$5 billion orders for domestic companies, the Taiwan External Trade Development Council (TAITRA) said yesterday. Held at the Taiwan World Trade Center’s Nangang Exhibition Hall yesterday, the event accommodated over 600 international buyers from 60 countries, including representatives from relevant government agencies, industries and business sectors. Invited by TAITRA and the Ministry of Economic affairs (MOEA) to participate in the show, they had over 10,000 matchmaking, one-on-one meetings with domestic suppliers. The meetings were segmented by different industries, with each buyer having their own individual booth. TAITRA also held hundreds of videoconferences between local companies and international buyers who were not able to attend the event. The numbers of participating suppliers and buyers both hit record highs and order volume may reach as high as US$5 billion this year, said TAITRA Chairman Wang Chih-kang yesterday.

Participating suppliers came from a wide variety of industries, including electronics, IT components, semiconductors, photovoltaic application products, car electronics, auto parts, motorcycles, bicycles, machinery, mold and die works, etc. In particular, local producers of environmentally friendly products attracted the largest number of buyers this year.

Nearly 300 buyers, or 54 percent of the total participants, came from emerging economies, including China, Indonesia, India, the Philippines, Russia, Egypt, Turkey, Mexico, the United Arab Emirates, etc. One hundred forty of them were from China, including Huawei, a local information and communications giant, and the world’s third-biggest maker of personal computers Lenovo Group.

Other international big-name participants included the U.S.’ biggest department store chain Macy’s, Japanese electrical equipment and electronics company Mitsubishi, Italian carmaker Fiat, Korean multiple shopping complex Lotte Mall, French retail group Auchan and Canadian electronic components and electromechanical products Future Electronics.

The first-time participants included buyers from Finland, Belgium, Cyprus, Austria, Kuwait and Iraq.

In order to tap into the business opportunities of the Muslim food market, TAITRA set up an exhibition for Muslim food made in Taiwan; 18 certified local Muslim food manufacturers showcased 50 products for international buyers to try on the spot.