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Taiwan's trade surplus hit new low of US$750 M. in first seven months.
(From Taiwan Economic News)
Taipei, Aug. 11, 2005 (CENS)--Taiwan's trade surplus reached only US$750 million in the first seven months of this year, tumbling by 84.3% or US$402 million from the corresponding figure of last year, according to the statistics released by the Department of Statistics under the Ministry of Finance (MOF)
Hsu Kuo-chung, director of the department, attributed the sharp fall in trade surplus to the price hike of imported oil and industrial & agricultural materials in addition to falling global economy. He believed that the external trade in the second half of the year would be better than the first half
In July alone, the …
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