Taiwan Textile Listed ECFA Early Checklist &Nbsp; Provincial Tax Nearly US $100 Million.

According to Taiwan's Central News Agency, Taiwan's Ministry of economic affairs ITIS Plan statistics, cross strait economic agreement ( ECFA After signing, 136 items of textile industry will be included in the early checklist. After the agreement is launched next year, Taiwan textiles can be exported to the mainland for 95 million 620 thousand dollars, and mainland textiles can be exported to Taiwan for 2 million 180 thousand dollars.

According to the ITIS plan (the Ministry of Economic Affairs) technical service technical knowledge service plan statistics, the textile items included in the early checklist include 2 items of fiber, 16 yarn, 85 cloth, 23 garments and 10 miscellaneous items, 136 items.

The total amount of these projects sold to the mainland in 2009 amounted to 1 billion 874 million US dollars, accounting for 175 million US dollars in 2009 according to various tax rates. According to the ECFA tax reduction mode, the 2011 tax on New Year's day will be saved by about 95 million 620 thousand US dollars in 2009 without considering the drawback of mainland processing.

ITIS plan analysis, included in the early checklist of Taiwan textile Next year, we can save considerable tariffs and increase competitiveness. However, the textile industry in Taiwan will have to invest more in R & D, market development, resource integration and product application in the future, so as to maintain its own advantages and enhance the added value of textiles.