Send This Page To Your Friend.Send This Page To Your Friend.

Subject: India-Taiwan trade prospects l...
Content: The overall restructuring of supply chains will give India a very unique place and attract many Taiw...

驗證碼  Verification Code 
    

India-Taiwan trade prospects look promising in 2021: TAITRA

Source:Taiwan External Trade Development Council
Revise Date:2021-01-04
The overall restructuring of supply chains will give India a very unique place and attract many Taiwanese companies to invest in the country, TAITRA chairman James CF Huang said.

The prospects for India-Taiwan bilateral trade, which was hit hard this year due to disruptions caused by the COVID-19 pandemic, look promising in 2021, according to the Taiwan External Trade Development Council (TAITRA).

The overall restructuring of supply chains will give India a very unique place and attract many Taiwanese companies to invest in the country, TAITRA chairman James CF Huang said.

"Given the current context of the US-China trade war and disruption of the pandemic through global supply chains, we have to take into consideration not just cost but also the resilience of supply chains, national security as well as health of the people," Huang told PTI.

Expressing optimism about the prospects of India-Taiwan bilateral trade in 2021, he said: "I believe we will be able to resume at least to the 2019 level, which is USD 5.7 billion".

The TAITRA chief said this year's bilateral trade figure would be smaller than last year due to the impact of the pandemic witnessed in slowdown of businesses globally.

"We have seen quite a few major Taiwanese companies bring in new investments to India in the past couple of months and I am sure this trend will continue," Huang said.

The Bureau of Foreign Trade and TAITRA organized the third edition of 'Taiwan Expo' virtually earlier this month.

The Expo hosted over 650 meetings to connect 270 companies including 150 from India and 120 from Taiwan to explore future business opportunities.

Source: moneycontrol.com
Wayne Lin (waynelin@taitra.org.tw)


WebSite(Open In New Window)
Attachment:
[File Download] 20201205_TAITRA_news.jpg

This website provides users with different formats of documents.
Please install the free and open software provided, if the document is in the “odf” format.
You may also open it with your customary software。
Published Date:2021-01-04