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With the region's IT market hungry for new innovation and design, Taiwan Trade Centre, Dubai has announced an enormous 67 per cent increase in year-on-year trade during the first half of 2010 between Taiwanese companies and those in the UAE.
New contracts and greater economic cooperation will continue to see that number rise, according to the group, with exports and re-exports expected to reach nearly US$200mn for IT hardware alone during 2011. Direct trade between the two countries reached almost US$1 billion last year, of which machinery and electronics equipment accounted for almost one third of the total sum. In free trade zones, an additional US$300mn of IT goods were traded between the two countries in 2009, far surpassing any other industrial or agricultural sector.
"Taiwanese products continue to play a major role in the UAE technology market with more and more local companies having the opportunity to establish links with these manufacturers of the future," comments Tom Tung-Chung Tseng, Director at Taiwan Trade Centre, Dubai. "Such partnerships are supported by the events like this month's GITEX 2010 exhibition, in which UAE companies will be able to view cutting-edge ICT products while forging business links with leading technology manufacturers."
Being one of more than 50 overseas offices established by Taiwan External Trade Development Council (TAITRA), Taiwan Trade Centre works to help Taiwanese manufacturers consolidate their position in emerging markets by arranging for foreign delegations to attend trade shows and fulfill regulatory requirements.