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Taipei, Feb. 21 (CNA) President Tsai Ing-wen (蔡英文) said Monday that the machine tool industry is one of the domestic sectors that will be able to overcome tariff and trade barriers if Taiwan succeeds in its bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The machine tool industry is one of the domestic sectors that would overcome tariff and trade barriers if Taiwan joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), President Tsai Ing-wen (蔡英文) said yesterday. Speaking at the opening of a machine tool trade show in Taipei, Tsai said the industry has a self-sustaining supply chain and is one of the main drivers of the nation’s economic growth. The sector comprises mainly small and medium-sized enterprises that have a great spirit of innovation and have achieved major breakthroughs, Tsai said at the j...
/ Staff writer, with CNAThe machine tool industry is one of the domestic sectors that would overcome tariff and trade barriers if Taiwan joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership （CPTPP）, President Tsai Ing-wen （蔡英文） said yesterday.
The production value of the nation’s machine tool industry is forecast to grow by 20 percent to 30 percent on an annual basis next year, as local firms have better order visibility into the second quarter of next year, Taiwan Machine Tool and Accessory Builders’ Association (台灣工具機暨零組件公會) chairman Habor Hsu (許文憲) said yesterday. With a noticeable uptick in demand from the US and Europe this quarter, a production value increase of up to 30 percent is achievable next year, Hsu said. Increased demand from the two markets would make up for softness in Chinese demand...
The Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) yesterday said that its member companies, including plastics-and-rubber machinery producers and machine tool makers, are going to raise wages by 4 percent across the board next year. The industry made the announcement after the Executive Yuan on Thursday last week approved a 4 percent pay raise for public-sector workers to take effect next year. “The machinery industry is Taiwan’s third trillion-dollar industry and one of the important pillars of the nation’s economy,” TAMI chairman Larry Wei (魏燦文) said. “O...