The China Post
August 11, 2010
TAIPEI,Taiwan — Textile manufacturers from both sides of the strait took part in a forum yesterday, seeking to forge stronger and closer ties.
The event was organized by the Taiwan Textile Research Institute (TTRI) and the China National Textile and Apparel Council (CNTAC) and was held at the Grand Hotel in Taipei.
During the forum’s opening ceremony, Huang Chung-chiou, Deputy Minister of Economic Affairs, touted the fact China has become the largest trading partner for Taiwan’s textile manufacturers.
“Based on 2009 data, China textile imports to Taiwan were valued at US$740 million, or 34 percent of the total. Taiwan textile exports to China, including Hong Kong, were valued at US$3.3 billion, or 36 percent of the total,” he said. “By the end of 2009, there were 2,378 Taiwan textile investment projects in China approved by the Taiwan government, with a total value of US$2.7 billion, or 50 percent of all Taiwan textile investments overseas.” more …
