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Taiwan's machinery exports likely to hit record high in 2011

2012/01/04 20:00:38

Taipei, Jan. 4 (CNA) Taiwan's machinery exports were likely to hit a record high in 2011, surpassing those of Italy to make Taiwan the world's third-largest exporter of machinery, the Taiwan External Trade Development Council (TAITRA) said Wednesday.

Citing Wang Cheng-ching, secretary-general of the Taiwan Association of Machinery Industry (TAMI), TAITRA said in a statement that if the export values for December 2011 reached US$350 million, the country's machinery export values and its output for the whole year were likely to reach US$4 billion and US$5 billion, respectively, each registering a record high.

In addition, according to a government forecast, Taiwan's machinery industry will post "stable growth" in 2012 despite the global economic downturn, making it one of Taiwan's five profitable industries, the forecast said.

Also the machinery exports to China are expected to increase this year, due mainly to the zero tariff treatment offered by the Economic Cooperation Framework Agreement with China, .

Meanwhile, the vitality of the industry can also be seen in the number of registrations for an annual manufacturing technology show in Taipei in May.

The Taipei Manufacturing Technology Show will be held at a bigger, more popular venue to accommodate the larger number of exhibitors this year, according to TAITRA.

Apart from local manufacturers, the largest-ever show has also attracted foreign exhibitors, including Mitsubishi, DMG Mori Seiki, Mazak and Komatsu.

The show will run at the Taipei World Trade Center Nangang Exhibition Hall from May 3-6.

(By James Lee)