PNG Taiwan trade volume increase by 75 percent

Mr. Hu speaking during the press conference 

The Papua New Guinea - Taiwan bilateral relationship has experienced a healthy growth despite the political setbacks in PNG. This milestone achievement is showed in the increase of trade volume from K337.5 in 2011 to K670 million in 2012. This is a 75 precent increase in trade volume between PNG and Taiwan.

The statistics were revealed by the representative of the Trade Mission of the Republic of China (on Taiwan) in PNG, Daniel Hu at a press conference held on the 02 September 2013, in Port Moresby.

Mr. Hu used the occasion to announce the 2013 Trade Fair in PNG in which 20 dynamic enterprises from Taiwan will showcase their products.

According to Mr. Hu, the products will range from beddings and towels; blinds and furniture; hardware and lubricants; skin care products and cosmetics; ICT and electronics; solar portable applications and solar LED lighting; sanitary napkins and baby products; auto and truck parts; USBs and CCTVs; rice milling machines; bio-economics related solutions; machinery and total solutions for all industrial equipment’s; fishing products and equipment for boats and many others.

The 2013 Trade Fair is the joint effort of Trade Mission of the Republic of China (on Taiwan) in PNG and Taiwan External Trade Development Council (TAITRA).

The Fair is scheduled for the 7^h to 8 of October at Crown Plaza Hotel in Port Moresby and on the 10 to 11 October 2013 at PNG Forest Research Institute, in Lae.

The event will provide local enterprises the unique opportunity of meeting the Taiwanese delegates in person to discuss possible partnerships and further exchanges and investment commitments.

“Tremendous business opportunities can be found in Taiwan’s dynamic economy. Given its strategic location, infrastructure and capital, Taiwan is an ideal springboard for business operations around Asia and Pacific RIM” said Mr. Hu.

Hu assured the government of PNG that Taiwan is always ready to do business with PNG but said PNG government has to open the door to Taiwan.

The powerful Taiwan delegation will be led by Chin-Jen Chang, president of New Bonafide Machinery Co., Ltd, assisted by Authur Wang, president of Arts Tech Industrial Co,. Ltd and Ivan Lin, manager of Auto 119 International Co., Ltd. The delegation will be coordinated by Belida Yao, project manager of TAITRA.