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Cross-Straits Trade Favors Taiwan
As were told by data released by Taiwan's "Ministry of Economy (MOE)" in Taipei, from January to October this year Taiwan achieved a turnover of US$26.99 bn in its trade with the mainland. For a 29.6% increase over the same period of last year in its trade with the mainland, or 11.2% of the whole amount of its foreign trade Taiwan was given a surplus of as many as US$ 16.613 bn, or a growth of 22.3% over the previous year.
Exports from Taiwan to the Chinese mainland since October 1999 have successively kept a two-digit growth in the past 13 months. In contrast, an import purchase amount worth of US$566m from the mainland, a 29.9% increase, along with an export amount to a value of US$2.355bn or a 15.6% rise to the mainland, was made by Taiwan due to expanded cross-Straits import/export trade developed since last October.
"MOE" data further told that increased trade of Taiwan with the mainland has been attributed to Asia' economic recovery and booming world economies. But it will not be sure, said Taiwan's "MOE", whether the growth trend will be maintained for a low growth of US economy and a perspective drop to 8% by the PRC Ministry of Foreign Trade and Cooperation on mainland import/export trade coming year.
By PD Online Staff Huang Ying
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