Home / Knowledge / News / Textiles / Taiwanese Premier vows to help upgrade textile industries
Taiwanese Premier vows to help upgrade textile industries
20
Mar '12
Taiwanese Premier Sean C. Chen has assured help to textile industries clustered in southern Taiwan in upgrading their machinery.

The South Korea-US Free Trade Agreement (KORUS FTA), which came into effect from March 15, 2012, is likely to affect more than US$ 3 billion worth of Taiwanese exports to the US, mainly because Taiwan and South Korea compete in international markets for exporting similar kinds of goods.

To overcome the negative impact of KORUS FTA, Taiwanese textile industry needs to upgrade itself by adopting new technologies, eco-friendly production processes and by implementing innovative ideas.

Taiwan's domestic textile manufacturers say, in addition to upgradation of technologies, the Government can also help them by acquiring industrial land at cheaper rates and by effectively solving the problem of labour shortage. They add that such steps by Government would bring down their cost of production and would enable them to remain competitive in the global markets.

The Premier assured that he would take up the matter with concerned Government Ministries.

In 2011, Taiwan exported textiles worth NT$ 12.7 billion, which is the highest in last one decade.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search