The first SOURCING TAIWAN event of 2020 attracted over 30 overseas buyers from Brazil, Canada, Germany, Hungary, Indonesia, and the Philippines, who took part in a total of more than 300 trade negotiation sessions with 180 Taiwanese businesses.
To help Taiwanese enterprises business-match with international buyers, the Bureau of Foreign Trade (BOFT) under the Ministry of Economic Affairs (MOEA) commissioned the Taiwan External Trade Development Council (TAITRA) to hold a series of activities under SOURCING TAIWAN 2020. The first of these events was held at the Taipei International Convention Center (TICC) on March 3, and focused on four advantageous industries, namely, electronic and communications information technology, sustainable green energy, biotechnology and healthcare, and smart solutions. A total of 30 overseas buyers from Brazil, Canada, Germany, Hungary, Indonesia, and the Philippines were invited to attend the procurement event in Taiwan. The international buyers engaged in over 300 business negotiation sessions with around 180 Taiwanese businesses, with their enthusiasm evident in the spirited atmosphere at the TICC.
The global spread of the novel corona virus (COVID-19) has severely impacted on international businesses exchanges. To boost buyer confidence, MOEA and TAITRA offices overseas actively announced Taiwan’s latest epidemic prevention to alleviate buyer worries as they planned to visit Taiwan. Apart from the 30 buyers who attended the event, video conferences were set up for buyers from mainland China and other regions who could not come as scheduled. Their enthusiasm is testament to the high appeal of quality Taiwanese products on the international arena. Some buyers stated that they had come to Taiwan to seek suitable suppliers and diversify risks as the supply of raw materials and goods were interrupted in mainland China as a result of the epidemic.
Since 2019, Sourcing Taiwan has been held in the north, central and south of Taiwan featuring the local industrial clusters. This has helped bring buyers physically to the clusters and factories, which has brought high acclaim from international buyers and domestic businesses alike. In efforts to help domestic companies business-match with international opportunities, the 2020 series of events will continue to reach major local industry clusters and invite buyers from around the world to procure in Taiwan. The event is designed to assist Taiwanese businesses get orders in a most cost-effective way and create more opportunities for collaboration for our industries.