Taiwan'S Textile Industry Is Facing A Runaway Crisis.
"Now the textile industry in Taiwan is facing the dilemma of" internal and external troubles ".
An unnamed textile operator on the island told reporters that Taiwan's textile industry has been working hard for 20 years. Although the industry has been developing into a sunrise industry from the sunset, the challenges and difficulties are increasing. "Especially the promotion of the TPP agreement, Taiwan is not among them, and the TPP's exemption rules, textile and spinning need to be produced in the members of TPP economies. Therefore, Taiwan factories will miss many opportunities relative to South Korea and Japan."
The textile industry says that Taiwan's textile industry is mostly middle and upper reaches of production.
yarn
And cloth as the main reason, because at present, Vietnam has exported a lot of textile garments to the United States, the European Union, Japan and other places in the TPP economy. While Taiwan's textile exports to Vietnam are mostly concentrated in fibers, yarns and cloth, Taiwan has gradually become a global textile supply chain and market in the absence of TPP. Many FTA (free trade agreement) and up to 7 regional agreements are discussed and signed.
Vietnam market
It is quite beneficial, which is bound to hurt Taiwan's vertical supply relationship with Vietnam's textile industry. In the long run, Taiwan's export status will also be replaced by other TPP economies.
"Influenced by internal and external factors, the mainland
Textile industry
The scale growth has slowed down significantly.
China's Knitting Industry Association said that with the adjustment and pition period of the mainland economy, the mainland's textile industry is facing the dual competitive pressures of the developed and developing economies, making the development decline and the industrial comparative advantage gradually disappear. Especially the small and medium-sized textile enterprises are facing unprecedented pressure of development. "In order to fight for orders, some small and medium-sized enterprises pfer the manufacturing base from the southeast coast of the mainland to Southeast Asia.
Now this overseas shift has become a major trend, and the shifting enterprises are spreading to the textile industry chain such as upstream yarn, dyeing and finishing.
According to the reporter, a few days ago, the relevant departments of the island first announced the impact and profit assessment of TPP on some industries in Taiwan.
Among them, the textile industry is considered to be the most impacted industry after the entry into force of TPP.
In particular, 5 years later, TPP will launch a second wave tax cut and Taiwan textile industry will suffer a serious blow.
"Not just TPP, RCEP (regional comprehensive economic partnership) is also important for Taiwan."
Xie Guohui, manager of Taiwan textile industry extension exhibition market development department, said that, like TPP, RCEP is also a free trade area. For Taiwan, joining RCEP or joining RCEP and TPP at the same time is very important. If it can not be joined, Taiwan will not be able to compete fairly with the economies that can actually participate in these two agreements. "In the face of external competition, and the size of the island's manufacturers is too small, the market is narrow and the industry development is limited, so the operators have to choose to leave and move to Southeast Asia in order to reduce production costs and decentralization of operational risks."
- Related reading

Retail Sales In Hongkong Fell For Eight Consecutive Months, And Luxury Brands Were Forced To Close.
|
Opportunity For Cotton Industry To Meet Pformation In Xinjiang Autonomous Region
|- Market prospect | Next Year, China Will Become The World'S Largest Consumer Of Luxury Goods, With Sales Of LV And GUCCI Declining.
- Fashion character | Jiang Yiyan's Cover Is Full Of Charm.
- Global Perspective | Japan'S Consumer Confidence Remains Grim In May.
- Mall Express | Shopping Malls In Summer Are A Few Prohibitive &Nbsp; Plain Sweaters Are Several Hundred Yuan.
- Fashion character | Famous Film Star Angie Chiu Endorsed The Expiration Of The Dress Contract, And The Company Continued To Use Its Advertising Campaign.
- Industry stock market | Market Trend Differentiation &Nbsp; Cotton Fell Sharply
- Industry stock market | International Market Variables Increased By &Nbsp; Foreign Trade Volume And Price Dropped.
- Industry stock market | Cotton Shock Lowered &Nbsp; Waiting For Supply And Demand Report
- Hundreds of podium | Legend Of Merchant Two 02 Of Dealers
- Hundreds of podium | Legend Of Merchant Two 01 Of Dealers
- Low Staple Market For Polyester Staple Fiber Market
- China Light Textile City: The Marketing Part Of Winter Market Is Still Clear.
- Apparel Retailers Are Most In Need Of Upgrading.
- How Does The Commuter Dress Look Best? The Coat Is Simple And Dry.
- Cotton Clothes Wear Fashionable Sense, Street Shape Can Be Different.
- Winter Clothes Best Wear Your Fashion Height.
- The Dress Is Slim And Relaxed, Showing The Perfect Waist.
- Winter Jacket Is Tied With Scarves.
- Spending At The End Of The Year To Maximize Short-Term Financial Planning.
- The Current Economic Side Does Not Support A Significant Depreciation Of The Renminbi.