Source: CENS / Taipei, Feb. 13, 2012 In the wake of the victory of President Ma Ying-jeou for the second term, Taiwan and China are accelerating follow-up talks for cross-Taiwan Strait Economic Cooperation Agreement (ECFA). Chen Xing, director of mainland China's department of Taiwan, Hong Kong, and Macao, under the Ministry of Commerce, for in...more
Source: CNA / Taipei, Feb. 13, 2012 Taiwan must accelerate toward signing follow-up trade and economic agreements with China now that it has fallen behind major trade rival South Korea in similar negotiations, Economics Minister Shih Yen-shiang said Monday. "We must complete talks before China and South Korea. That is the certain direction...more
Source: CENS / Taipei, Feb. 13, 2012 Taiwan exported US$3.648 billion of machine tools in the first 11 months of 2011, up 36.9% year-on-year, according to customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF). Exports of metal-cutting machine tools came to US$2.991 billion, up 42.7% and that for metal-forming machine ...more
Source: CNA / Taipei, Feb. 11, 2012 The annual Taipei Manufacturing Technology Show (MTduo) is scheduled to open in early May on a bigger scale than ever before, despite the global economic downturn, the organizerssaid Saturday. The four-day event has attracted 300 local and foreign exhibitors occupying nearly 1,000 booths, up 28.3 per...more
Source: CENS / Taipei, Feb. 3, 2012 At a recent party held by the government for overseas Taiwanese businessmen returning home for Chinese New Year, President Ma Ying-jeou vowed to steer Taiwan to join the Trans-Pacific Partnership (TPP) trade bloc within the next decade. TPP is a multilateral free trade agreement currently under negotiation be...more
Source: CENS / Taipei, Feb. 1, 2012 The production value of Taiwan's machine-tool industry will grow 10% to US$5.5 billion in 2012 from last year's US$5 billion, forecasts the Taiwan Association of Machinery Industry (TAMI), whose president C.C. Wang also predicts the industry's export value to grow 10% to 15% this year. The cross-Taiwan Strait...more
Source: CENS / Taipei, Jan. 30, 2012 Taiwan's machine-tool industry will continue to prosper in 2012 as ever more locally-made machine-tools will be shipped to China duty-free under the cross-Taiwan Strait ECFA (economic cooperation framework agreement), whose further negotiations will take place soon. The duty reductions allowed under the ECFA...more
Source: Focus Taiwan News Channel / Jan. 27, 2012 Taipei, Jan. 27 (CNA) The Mainland Affairs Council (MAC) said Friday that it expects the Economic Cooperation Framework Agreement (ECFA) signed between Taiwan and China in mid-2010 to reap significant benefits in 2012. The MAC, Taiwan's top China policy planner, said that as the major cross-Tai...more
Source: The China Post news / Jan. 25, 2012 The China Post news staff--The second round of tariff reductions for Taiwan goods sold to China taking place this year may add another NT$10 billion to Taiwan's overall exports, said the Ministry of Economic Affairs (MOEA) yesterday. According to the ministry, under the terms of the cross-strait econo...more
Source: CENS / Taipei, Jan. 18, 2012 Taiwan's machinery exports hit US$18.787 billion in the first 11 months of 2011, up 24% from a year earlier, according to preliminary statistics compiled by the Taiwan Association of Machinery Industry (TAMI). The TAMI's tallies show Taiwan exported NT$48.9 billion of machinery in November 2011, up 2.7% year...more
