KUALA LUMPUR, May 10 (Bernama) -- Emerging economic sectors such as green
technology has the potential to increase trade and investment between Malaysia
and Taiwan in future, says Malaysian Green Business Association President Tan
Sri Mustafa Mansur.
He said given Taiwan''s expertise in the green technology sector, Malaysia
can benefit through technology transfer as well as joint-venture initiatives.
"According to the Earth Policy Institute, Taiwan ranks third in the current
world producer of photovoltaic accounting for about 15 per cent of the market
share and together with China, share 60 per cent of the world''s solar
photovoltaic market.
"On the other hand, Taiwan is also one of the world''s largest light-emitting
diode (LED) manufacturing countries with output values at about US$1.6 billion
in 2008," said Mustafa on the sidelines of Green Technology Business
Seminar.
Last year, the total bilateral trade between Malaysia and Taiwan stood at
US$15.6 billion (RM47.888 billion), an increase of 13.6 per cent from 2010.
At the same event, Deputy Representative (Economic Affairs) of Taipei
Economic and Cultural Office in Malaysia, Lin Min-Li said for the first four
months of 2012, total trade dipped four per cent to US$4.55 billion when
compared with the corresponding quarter last year.
"This year, we are only expecting total trade to touch US$15 billion,
down from last year because Taiwan and most countries in the region are in the
midst of recovering from the financial crisis that have slowed down market
movements in the West," he said.
Malaysia is Taiwan''s ninth largest trading partner while Taiwan is
Malaysia''s seventh largest partner.
-- BERNAMA
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