Home / Knowledge / News / Textiles / Polyester goods to benefit from China-Taiwan FTA
Polyester goods to benefit from China-Taiwan FTA
06
Jan '11
Exports of 136 textiles from Taiwan to the mainland will enjoy low tariff concessions after the ECFA is formally implemented. Taiwan's industry says that tariff reduction for bulk exports of Taiwan's polyester fabrics will increase Taiwan's competitiveness.

According to reports, the early harvest list of ECFA contains a total of 136 textile products, in which the tariff on polyester yarn has declined to zero percent; the rate on fabrics products has declined to five percent. With very low tariffs, the sustainable development of Taiwan's advanced new materials and functional textiles will have opportunity to enter mainland's domestic market.

Taiwan industry points out that polyester filament were mainly sold in domestic market in the past, so in the short term, its direct benefits from the early harvest list is limited, the main focus will be bulk exports of downstream fabric products.

Among them, polyester fabrics will be one of the benefited products, tariff reduction will enhance the competitiveness of these products and increase demand of polyester filament products, when downstream fabric factories continue to expand markets.

International market estimates indicate that, cotton production will exceed demand in 2011 and 2012, but cotton supply and demand is still tight in the short term. The average price of cotton per pound (1 pound = 0.45 kg) is estimated to be above 110 cents in 2011.

So at a time when cotton prices will stay high, downstream factories are expected to increase usage of polyester products, which will directly benefit the polyester sector in Taiwan.

Fibre2fashion News Desk


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

September 2017

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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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