Hsiu-Tsang HSU, Chairman of the Taiwan Association of Machinery Industry (3rd from left), Nick NI, Chief of Staff of the Bureau of Foreign Trade, Ministry of Economic Affairs (4th from left), Walter YEH, Rresident & CEO of the Taiwan External Trade Development Council (center) and Hank KAO, Director of the Economic Development Bureau of the Taichung City Government (4th from right), took a group photo at the opening ceremony of the SOURCING TAIWAN 2019 in Taichung.
In order to assist local vendors in cooperating 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 the SOURCING TAIWAN 2019 at the Splendor Hotel Taichung on July 17th. There were 103 buyers from 35 countries around the world participating to purchase machinery, hand tools and bicycle-related products. A total of 1,100 trade talk sessions were conducted, which created purchase order opportunities for Taiwanese exporters.
Furthermore, with over 120 office locations worldwide, the MOEA and TAITRA invited important overseas buyers to attend the event in Taiwan for procurement. Primary buyers included those from India, Russia and Mexico, whose exports to Taiwan have grown rapidly, as well as New Southbound markets such as Vietnam and the Philippines. Also, buyers from Spain, whose purchase of Taiwanese bicycle accessories has suddenly increased. SOURCING TAIWAN 2019 is expected to inject new momentum to expand the global market, as well as maintain good export performance and international competitive advantages in Taiwan’s machinery, hand tool and bicycle industries.
Nick NI, Chief of Staff of BOFT under the MOEA attended the press conference and mentioned that the BOFT has planned multiple assistance measures for Taiwanese industries which have been affected by US-China trade war, and that “SOURCING TAIWAN 2019” is a key activity. For this event, most of the industries from central Taiwan, which attended this conference, gave affirmation. For example, a component manufacturer said that it is difficult for them to find a terminal buyer because they are a foundry. Thus, it was helpful for manufacturers that the government directly invited buyers come here and meet face to face. This time, many buyers, from Japan and German, are highly customized and sophisticated, and so local manufacturers thought it was a valuable experience.
In order to continue assisting industries in promoting sales, the BOFT will hold two more events, one in Taipei on September 20th and the other in Tainan on September 24th, for the health care, beauty care, e-commerce, automotive parts and industrial machinery industries to expand globally.