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Taiwan opens auto parts show in Myanmar
Central News Agency
2014-07-18 11:25 PM
Yangon, Myanmar, July 18 (CNA) A Taiwan-sponsored international trade show of parts and components for automobiles and motorcycles opened in Yangon, Myanmar Friday, featuring 97 exhibitors from eight countries. The four-day event, now in its second year, was organized by the Taipei-based Taiwan External Trade Development Council (TAITRA), a semi-official organization devoted to the promotion of trade overseas. This year, companies from the United States, Malaysia, the Philippines, Vietnam, the United Kingdom, China, Myanmar and Taiwan set up a total of 146 booths in the Tatmadaw Exhibition Hall to showcase their products. TAITRA estimated the show will attract 7,000 international buyers and generate US$25 million in sales.

The opening ceremony was attended by Myanmar Ethnic Affairs Minister Saw Tun Aung Myint and Min Win, chairman of the Union of Myanmar Federation of Cambers of Commerce and Industry, who welcomed Taiwanese investment in his country. Also at the show, Taiwan's CMC Motor celebrated its success in acquiring Myanmar's import permit and the country's preferential import tariff treatment. According to TAITRA statistics, there are around 500,000 to 1 million automobiles in Myanmar, most of which are imported and used. The demand for parts and components is big in the country, and Taiwanese companies can reap benefits from this as Taiwan develops closer economic and trade relations with Myanmar, TAITRA's Executive Vice President Walter Yeh said. (By Lin Ching-ping and Elizabeth Hsu)

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