Home / Knowledge / News / Textiles / TTF ties up with Euratex to target Chinese textile market
TTF ties up with Euratex to target Chinese textile market
Oct '10
An alliance between Taiwan and the European Union is likely to aid the textile mills from both sides to jointly enter the Chinese market. A memorandum of understanding (MOU) has been signed recently by the Taiwan Textile Federation (TTF) and the European Apparel and Textile Federation (Euratex).

The TTF has recognized the Taiwanese textile mills' potential for innovation and has endorsed the decision of Euratex to move ahead with the MOU to the Economic Cooperation Framework Agreement (ECFA) and the Intellectual Property Right Protection and Cooperation Agreement signed on June 29 between mainland China and Taiwan.

With the implementation of ECFA, 136 Taiwanese textile products will come under the tariff-free category from early next year, when exported to mainland China. This is expected to benefit the domestic textile mills at the international front.

The alliance with Euratex indicates a huge step taken by the members of TTF towards expansion in the international market. EU has emerged as the world's biggest textile and garment market with a projected yield of 200 billion euros (US $281.85 billion) and a market value of 500 billion euros every year.

During the past few years, the TTF has signed several agreements with Vietnam, South Korea, Indonesia, mainland China, Bangladesh and India to support the domestic textile mills to enter into strategic agreements with overseas partners.

Euratex is the only industrial association which includes textile and garment manufacturing units in the European Union. Countries like Turkey, Serbia, Russia, Morocco, Egypt and Croatia are also members of Euratex. The recently signed alliance between Euratex and TTF is the first of its kind in Asia.

Fibre2fashion News Desk-India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Interviews View All

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search