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| Taiwanese textile and clothing exporters look to China Taiwanese textile and clothing exporters are hoping to take advantage of closer trading links with China now that relations with the mainland are moving slowly towards normalisation, according to Issue No 151 of Textile Outlook International from the global business information company Textiles Intelligence. In particular, the Economic Cooperation Framework Agreement (ECFA) between Taiwan and China will provide the chance for Taiwanese producers to increase their share of the Chinese textile market significantly. The opportunities stem in particular from China's removal of tariffs on imports of 136 Taiwanese textile and clothing products in three stages over two years. The first tariff concessions from both sides took effect at the beginning of January 2011. The second and third concessions are scheduled to take place at the beginning of 2012 and 2013 respectively. Before the agreement took effect, China imposed duties of 5% on imports of synthetic fibres and yarns from Taiwan, 10% on imports of fabrics and 14-18% on imports of clothing. There are hopes too of enhanced international trade on a broader front as the global economy recovers. During 2010 there were encouraging signs of a sharp recovery in exports and there is an expectation that this trend will continue during 2011. write your comments about the article :: © 2011 Exhibition News :: home page |