Taiwan permits the entry of five types of Chinese textiles
Taiwan is on track to liberalise its market to Chinese origin products by allowing the import of siy types of goods, including long pile fabrics of manmade fibres. The news was broken under the Cross-Straits Economic Cooperation Framework Agreement (ECFA)
On January 10 the Taiwanese ministry of economic affairs specified the products, namely long pile fabrics of manmade fibres, looped pile fabrics, knitted or crocheted, of manmade fibres; men’s overcoats, raincoats and capes as well as women’s overcoats, raincoats and capes and men’s underpants and briefs, and in addition electric burglar alarms.
This opening means also less protection for the traditional Taiwanese textile and garment industry, a market that has never been opened before. Because now more and more Taiwanese companies are operating in both Taiwan and China, the import ban on the mentioned products was lifted.
Taiwan’s Minister of Economic Affairs, Shih Yen-shiang underlined that ECFA follow up talks on trade in goods involving more than 8000 types of goods and the parties aim to complete such talks by the end of 2014.