Taiwan IT trade with UAE to hit $149m next year
Imports of Taiwanese IT hardware to UAE up 67% in first half of 2010
The IT trade between Taiwan and the UAE increased by 67% in the first half of this year, according to the Taiwan Trade Centre Dubai.
Imports of Taiwanese IT hardware are expected to reach AED 550m ($149m) by 2011, as the trading and re-export sectors show new growth based on new contracts and greater economic co-operation.
The Trade Taiwan Trade Centre Dubai reported that in 2009 direct trade between the two countries reached AED 3.6 billion last year, of which machinery and electronics equipment accounted for almost one third of the total sum. In free trade zones, an additional AED1 billion 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,” commented 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.”
Michael YW Hsiao, manager at TAITRA, said: “We are actually expecting a greater number of products being sent to the UAE during the second half of 2010 following events like the upcoming GITEX exhibition, where Taiwanese exports to UAE normally double compared to other months of the year.”