Korea Is One Of The International Competitors Of Taiwan'S Textile Industry.

< p > Taiwan industrial and commercial bureau of the Ministry of economic affairs 17 said that the two sides agreed to complete the signing of FTA before the end of this (2014).

The two sides have consulted on the provisional number of commodities opening 90% and 85% of the import amount, and planned phased tariff reductions.

Facing the upcoming signing of the FTA between China and South Korea, the textile industry in Taiwan is expected to face more impact than the US / South Korea / Europe and South Korea FTA.

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< p > Taiwan Bureau of industry pointed out that South Korea is one of the major international a href= "http:// www.91se91.com/news/index_c.asp" and "/a" countries in Taiwan textile industry. It has completed the signing of a free trade agreement with the ASEAN, the United States and the European Union, and has caused some impact on Taiwan manufacturers. If China and South Korea FTA are signed at the end of the year, as for the textile industry with high homogeneity in Taiwan and Korea products, the gap between import tariff rates may become the key to affecting the competitive advantage of textiles in the mainland of China.

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< p > mainland China is Taiwan's "a href=" http:// "www.91se91.com/news/index_c.asp" > textile > /a > largest export market. According to customs statistics, (2013) exports to mainland China accounted for 21.6% of Taiwan's textile exports, the US market accounted for only 7.7%, and the EU market 5%; and according to customs Import Statistics of China's mainland, last year, imports of textiles from Taiwan amounted to 3 billion 130 million US dollars, imported from Korea 2 billion 630 million US dollars, and imported products from Taiwan and Korea were similar in structure and competing with each other. The impact of China and South Korea FTA may be even more than that of the US / South Korea / Europe and South Korea FTA.

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< p > Terrorism Industry Bureau points out that at present, the advantages of "a href=" http:// www.91se91.com/news/index_c.asp "> Taiwan < /a > advantages are in the early harvest of ECFA. 134 textile products have zero tariff, but if the Chinese and Korean FTA are signed before the end of the year, and the agreement on trade in goods between the two sides of the Straits will not be completed yet, the result will be a tariff gap with the Korean products except for the early harvest items. When exporting to the mainland of China, the position of Taiwan leading Korea will be changed in Taiwan's largest export market, and even some products can be replaced by Korea.

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< p > according to the analysis data commissioned by the industry bureau, after the effective implementation of China and South Korea's FTA, if the tariff is reduced to zero, the output value of Taiwan's textile industry will be reduced by 166 million US dollars and the export amount will also be reduced by US $133 million.

In addition to the ECFA early checklist, the 134 textile products have been reduced to zero tariffs and are not subject to the impact of China and South Korea FTA. The rest of the textile products may be impacted by the different tariff adjustment periods between China and South Korea.

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< p > Taiwan Industry Bureau said that in order to solve the impact of Sino Korean FTA on Taiwan textile products, we should speed up the ECFA trade negotiations between the two sides of the Straits and actively strive for zero tariff on land textiles export so that domestic manufacturers can be free from the tariff preferences of China and Korea FTA and reduce the competitiveness of textile products in the Chinese mainland market.

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< p > in addition, the government of Taiwan will continue to assist textile and garment manufacturers to take measures to cope with global competition, including global layout and global marketing, and develop new markets such as ASEAN, Russia, Turkey and Central South America. In order to strengthen the technological innovation capability, Taiwan textile industry will strengthen the quality competitiveness and enhance competitiveness through the strong foundation of environmental protection functional textiles, and cooperate with the brand establishment to improve the added value of products.

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