Home / Knowledge / News / Textiles / Taiwan lobbying for FTA with EU
Taiwan lobbying for FTA with EU
28
May '11
Taiwanese Vice Economics Minister Liang Kuo-hsin would pay a visit to the EU headquarters in June this year to lobby for inking of an economic cooperation agreement (ECA) with the EU, in the midst of a free trade agreement (FTA) between Korea and the European Union, which is to take effect from July 1 onwards.

According to the Taiwanese Ministry of Economic Affairs (MOEA), the FTA between Korea and the EU would most badly hit the textile and machinery equipment industries of Taiwan.

The MOEA stated that that there is high resemblance between Korea and Taiwan's exports to the EU.

Hence, the FTA would spark off a shift in trade and investment, allowing Korea to secure orders from the EU at a lesser price. It would persuade the EU firms to raise their investment in Korea, at the cost of Taiwan's interest.

To reduce the impact of EU-Korea FTA, the MOEA this year sent several delegations to Belgium, Germany, UK, France, Italy, Denmark and Holland. Due to effective lobbying by these delegations for the ECA between Taiwan and the EU, the European Parliament on May 11 passed a resolution favouring the ECA.

Besides the EU, the MOEA is also lobbying for inking ECA with Japan, US and Singapore. Of these, the discussions with Singapore are at a final stage and an ECA between the two countries is expected to be signed within a year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

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

Silvia Venturini Fendi
Fendi s.r.l

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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