Home / Knowledge / News / Textiles / Taiwanese textiles to benefit from FTA with China

Taiwanese textiles to benefit from FTA with China

28
Jun '10
Once the cross-border trade pact between China and Taiwan is signed later this month, share of 136 Taiwanese textile manufactured exported goods is expected to increase considerably in the Chinese market.

In the first round of the “early harvest list”, 136 textile goods from Taiwan and 22 from China have been included in the economic cooperation framework, which will attract preferential tariffs under the consensus reached by the two countries.

According to Huang Wei-chi, Secretary-General of the Taiwan Textile Federation (TTF), the 136 products account for 67 percent of Taiwanese textile exports to China. Textile exports from Taiwan to China averaged around US 2.8 billion between 2007 and 2009.

On Taiwanese textile imports, China currently imposes duties of 5 percent on chemical fibers and yarns, 10 percent on fabrics, and between 14-18 percent on clothing. On the other hand, Taiwan levies tariffs of less than 3 percent on chemical fibers and yarns and less than 10 percent on fabrics, which is lower than those imposed by China.

Speaking about the impact on the local industry of the 22 Chinese textile items which will receive preferential treatment, he said that since these products make up for just 10 percent of all Chinese textile imports, the effect will be minimal.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 10th May 2021

India & EU to resume trade negotiations; consider investment pact

India and European Union (EU) have agreed to resume negotiations for...

Pic: Shutterstock

Apparel/Garments | On 10th May 2021

UK retailers halved carbon emissions since 2005: BRC

Leading UK retailers have smashed 2020 carbon reduction targets, with ...

Pic: Authentic Brands Group / Eddie Bauer

Fashion | On 10th May 2021

ABG & SPARC to acquire American outdoor brand Eddie Bauer

Authentic Brands Group (ABG), a global brand owner, marketing and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor <g...

Vikram Juneja,

Vikram Juneja

Jaquard is a training institute providing a highly specialised training...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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


May 2021

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


Advanced Search