Taiwan Is Out Of TPP For 5 Years. The Textile Industry Is Leaving.

With the "

(TPP) the text was made public, and the ministries and commissions of the Ministry of economic affairs of Taiwan, on the 10 th, made the first public announcement of TPP's impact on and evaluation of some of our industries.

Among them, the textile industry has been the largest industry after TPP came into effect.

However, the assessment of the Ministry of economic affairs has little effect in the short term, but the second wave of tax cuts will be launched in 5 years.

In addition to the textile industry, agriculture and other traditional industries such as bicycles, machine tools and so on have been included in the industry with larger impact.

Wu Ming machine said that the machine tool will face the challenge of TPP Member States, and agriculture, Xiao Dongqiong, deputy director of the International Committee of the Agricultural Committee of the Executive Yuan, admitted that there will be an impact after joining the WTO. In particular, the TPP stipulates that no WTO defense measures should be adopted, that is, no tariff increases should be allowed if the quota is exceeded.

However, from the fact that Japan has successfully won the exception of the important and disadvantaged industries, Taiwan will also have the chance to win exceptions when it joins.

This TPP text rarely stipulates the "textiles and garments" independent special chapter, which shows the importance of the industry in the whole TPP.

After the entry into force of TPP, the textile and garment products will be divided into immediate, 5 and 15 years' tax reduction modes, and the origin requirement is "starting from yarn" (YarnForward).

For the two sides who have not yet entered the TPP, the local industry chain will run away together.

However, TPP also targets no production or insufficient supply in the region.

A total of 194 items of "supply shortage list" are put forward to allow products to be supplemented by products outside the region.

The Ministry of economic affairs assesses that Taiwanese businessmen still have breathing space in the short term.

But this golden age is only 5 years.

Wu Ming machine, director of the Ministry of economic affairs, analyzed that many member states started the first wave of tax reduction after 5 years' selection in this part, in order to make more investment preparations.

Wu Mingji thinks Taiwanese businessmen are quite good merchants for many countries.

In other words, if Taiwan can not win the opportunity to join the TPP within 5 years, not only the downstream garment industry will be forced to move outside, but even the upstream petrochemical industry will probably run away.