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    Trade Liberalization In Taiwan Affects 17 Industries Such As Textiles And Garments.

    2011/6/13 8:49:00 45

    Taiwan Trade Textile Garments

    The Ministry of economic affairs of Taiwan announced that nine categories of industries such as machine tools and vehicle components could be included.

    Trade

    Liberalization will affect the list of industries, and will help to improve the self-control rate of key components in the future.

    According to the Ministry of economic affairs of Taiwan, there are more than 4 manufacturers in nine categories, with an annual output value of nearly 2 trillion yuan.


    In response to the signing of the economic agreement (ECFA) between the two sides of the Straits and Taiwan's active negotiation with the European Union, Singapore and other countries in the free trade agreement (FTA),

    Taiwan

    Last year, the Ministry of economic affairs put forward a plan of ten years and 95 billion 200 million yuan in response to trade liberalization. The 17 industry, such as garments, underwear, swimwear and towels, is the sensitive industry that needs to be strengthened.


    Huang Zhong ball, deputy governor of the Ministry of economic affairs of Taiwan, recently chaired the inter ministerial meeting to finalize two resolutions. The first is to add six industries such as hats, scarves, gloves, umbrellas, curtains and protective implements to the list of sensitive industries, and second new nine items.

    liberalization of trade

    There are many powerful industries such as machine tools, vehicle components and so on.


    The nine industry includes printing industry, machine tools, paper containers, moulds, food, sporting goods, vehicle components, metal products and bathroom hardware. The annual output value is close to 2 trillion yuan, involving more than 4 manufacturers.

    This year, the Ministry of economic affairs of Taiwan will enhance the self-control rate of key components of enterprises by subsidized by science and technology and establishing the alliance of industrial research and development.


    The Ministry of economic affairs of Taiwan pointed out that after the two sides signed ECFA, the machine tool industry could enjoy preferential tax cuts for early goods, but at that time the two sides negotiated a sunset clause. Once the key components of domestic tool organs exported to mainland China: CNC NC machine could not be self-made, they could not enjoy tax reduction.

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