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Taiwan buying mission scores

A CHINESE mainland business delegation has signed deals to purchase Taiwan products worth more than US$2.2 billion after a four-day visit to the island.

Orders involving US$827 million of products would be filled by next month, and products worth US$1.4 billion dollars would be delivered by the end of this year, Li Shuilin, head of the delegation, said on Thursday.

On their shopping list are liquid crystal display equipment, spare parts for mobile phones and computers, plastic and chemical products, textiles and handcrafts.

The group, organized by the Mainland Association for Cross-Strait Economic and Trade Exchanges, comprised about 80 representatives of 35 companies, including Lenovo, Haier, Changhong and ZTE.

The buying mission was seen as a symbolic step to grow trade ties between the mainland and Taiwan and to offset the impact of the global economic crisis.

Business talks

The mainland businesses held talks with more than 300 Taiwan firms in Taipei and Kaohsiung to learn more about their products and market potential on the mainland.

They also discussed how to use their reciprocal advantages to reinforce manufacturing capacities of both the mainland and Taiwan, Li said.

Also on Thursday, telecommunication industries on both sides of the Taiwan Strait agreed to tap the mobile telecommunication market, particularly the mainland's newly-launched 3G mobile telecom sector.

A total of 17 telecom service providers and 30 equipment manufacturers from the mainland were invited to attend a forum in Taipei this week.

Datang Telecom, a mainland telecom equipment vendor, signed a cooperation pact with Taiwan's Industrial Technology Research Institute. They will discuss the possibility of a pilot network in Taiwan using Datang's TD-SCDMA 3G mobile telecommunication standard.

"We see a lot of opportunities for cooperation as the mainland is fast developing its 3G market," said Liu Liqing, chairman of the China Association of Communications Enterprises.


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