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Textile Industry Across The Taiwan Strait Creates Industry Together

2010/9/6 19:08:00 79

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Sun Huaibin, director of the Ministry of industry of China Textile Industry Association, was in the second Western China costume.

Clothes & Accessories

At the end of 2009, Taiwan businessmen invested 2378 in mainland textile projects, an increase of 14% over the previous year, with a total investment of 2 billion 700 million US dollars, an increase of 27%.

At present, the exchanges and cooperation between the two sides of the Taiwan Straits are becoming more and more close, and the complementarity of the industrial structure is stronger and stronger.

It is understood that in recent years, Taiwanese businessmen invested in the textile industry in mainland China have been enthusiastic. They invested in Fujian, Guangdong, Jiangsu and other places in the early days, and began to plan for the provinces of Hubei, Jiangxi, Sichuan and other central and western provinces.

Recently, due to changes in policies, mainland businessmen 'investment survey in Taiwan has become more active than before. Individual textile enterprises have also established sales outlets in Taiwan.

Although the size of trade across the Straits is quite different,

textile industry

The structural complementarity of the field is very strong.

The main body of the mainland's textile industry's exports to Taiwan is clothing and apparel, of which 5 of them make up garments, while Taiwan's exports to the mainland are mainly fabrics, fibers and yarns, accounting for 80% of the total volume of cross-strait trade.

Sun Huaibin said that behind this trade structure is the convergence of industrial chains and the vertical division of labor between the two sides of the Strait in the field of textile manufacturing.

Import and export trade

7 of that is achieved through processing trade.

The Cross Strait Economic Cooperation Framework Agreement (ECFA), signed in June, has a profound impact on the development and cooperation of the textile industry across the Taiwan Strait.

According to ECFA, since 2011, tax reductions to zero tariffs in three years and two years have been very beneficial to rapidly improving the market competitiveness of Taiwan textiles, especially in the mainland market.

Taiwan agencies predict that after the realization of zero tariff, Taiwan's annual export to the mainland will increase by 25.1%, about 530 million US dollars.