Taiwan's Fastener Firms Enter into Business Opportunities in Central and South America

According to Taiwan’s “Chong Guang News” report, Taiwan’s Foreign Trade Association has called for 13 companies in the island’s fastener industry to organize a start-up group for Central and South America to start and select three potential markets in Argentina, Chile and Peru to expand the business opportunities in emerging markets. Develop new customers.

Taiwan’s Foreign Trade Association convened 13 fastener manufacturers in Taiwan, including Donghui, Minghui, Benyuan, and Taiwan Screw Industry Association, which are major fastener suppliers in Taiwan, and organized a group of Central and South American exporters to select Argentina, Chile and Peru. 3 big potential markets.

In addition to the trade fair, the main task of the sales promotion team is to arrange visits to the local distributors.

In addition, the sales team is also expected to sign a cooperation agreement with the chairman of Taiwan Screw Industry Association, Chen Mingzhao, and the Association of Chilean Manufacturers Exporters (ASEXMA) to drive further business opportunities between the two companies.

Last year, the total output value of Taiwan's screws was 76.8 billion TWD, with an export value of 68.5 billion TWD, and the export ratio was as high as 89%. However, the year before was affected by the global financial tsunami and its growth was declining. Traders actively hoped to turn to the huge business opportunities in the development of emerging markets. Central and South America is a key area for Taiwanese companies to expand their sales in emerging markets.

Taiwan’s Foreign Trade Association stated that the Central and South American sales team is scheduled to set off on August 26. The trade association will assist Taiwan’s screw industry in establishing a platform for contacting overseas buyers to win business opportunities in the international market.