Home / Knowledge / News / Textiles / MIT enhances global market image of Taiwanese textile products
MIT enhances global market image of Taiwanese textile products
30
Nov '10
Department of Investment Services, Ministry of Economic Affairs reported that in 2009, Taiwan imported US$740 million worth of textile products from mainland China, accounting for 34% of Taiwan's total textile imports by value. Taiwan's textile product exports to mainland China (including Hong Kong) came to US$3.3 billion, representing 36% of Taiwan's total textile exports. These figures give some idea of just how important the Taiwanese and mainland Chinese textile industries are to one another.

Having grown and developed over a period of many years, the Taiwanese textile industry has built up strong foundations and extensive practical management experience. The industry has a comprehensive supply chain, and has developed highly efficient industry clusters; it also has the ability to develop and integrate composite and functional textile materials.

Taiwanese firms have been working actively to develop the industrial textiles market, and the government has been providing guidance to help companies develop functional textile products for new applications. An effort has been made to achieve closer integration between the up-, mid- and downstream segments of the textile industry, creating a comprehensive, integrated value chain that covers every stage from materials production through product design to branded marketing.

Adoption of the “Made in Taiwan” (“MIT”) shared brand and the development of strong branded marketing capabilities have enhanced the global market image of Taiwanese textile products. Mainland Chinese companies could invest in functional textile and artificial fiber pilot production facilities, product R&D centers etc. in Taiwan, working together with Taiwanese companies to build a leading global center for functional textile and artificial fiber R&D, while also collaborating on the cross-strait cultivation of textile technology talent in relevant fields.

The main advantages that the Taiwanese textile industry possesses include advanced processing technology, a comprehensive, integrated value chain, effective product quality management, and experience in developing international markets. By integrating these strengths with mainland China's extensive natural resources, abundant labor supply and huge domestic market, it should be possible to create a new wave of successful market development.

Taiwan is working actively to coordinate the integration of resources, and to promote exchange and collaboration between textile firms in Taiwan and mainland China. These efforts will help the Taiwanese and mainland Chinese textile industries to pool their strengths and transform and upgrade themselves to create a bright future for the textile sector as a whole. Taiwan has already opened up its markets to mainland Chinese investment in 204 areas.

Department of Investment Services, Ministry of Economic Affairs


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Pinkesh Jain
Everflow Petrofils Ltd

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

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Robert Brunner
Devereux

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

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search