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At present, although Taiwan and China have signed the ECFA early harvest program, fastener products are not included. Taiwan fastener industry colleagues should grasp the development trend of the Chinese mainland market as early as possible, and put it into the industrial supply chain in advance to open up market opportunities.
In addition, due to the EU's anti-dumping on fasteners originating in mainland China, the amount of fasteners exported from Taiwan to the EU in 2010 increased by about 90,000 metric tons before the financial turmoil, just to make up for the reduction in exports to the United States. Therefore, Taiwan fastener industry players should actively seek to obtain EU product certification to better develop the market.
Looking forward to 2011, China's economy continues to heat up, and countries such as Europe and the United States are still in a downturn due to the credit crisis and high unemployment rate. However, the implementation of China’s policy of expanding domestic demand, the implementation of quantitative easing monetary policies promoted by European and American countries to stimulate economic growth, and the implementation of policies such as actively promoting exports, coupled with the continued strong demand from China, India and Asian countries, In a growing trend, the export volume of fasteners in Taiwan is expected to maintain steady growth.
At present, due to the slow pace of the US economic recovery, Taiwan's fastener exports have not yet returned to pre-crisis levels. However, thanks to the EU's anti-dumping duties on China, the fasteners exported from Taiwan to the EU will increase substantially, while the exports to Japan and China have returned to pre-crisis levels, and exports to ASEAN have shown significant growth, especially For the Philippines, Thailand and Vietnam. Therefore, it is expected that the export value of fasteners in Taiwan is expected to exceed NT$110 billion in 2011, a new high.
Analysis of the future development environment of Taiwan fastener industry
With the development of global trade liberalization, the tariff and non-tariff barriers to trade between goods and services between countries will gradually decrease. In addition, under the WTO structure of the World Trade Organization, countries or regions are actively signing regional cooperation agreements, such as the 2010 China-ASEAN Free Trade Area, as well as the US-South Korea FTA and the European-Korean FTA, and the Indian EU FTA agreement. In negotiation. The United States, the European Union, and China are all major export markets of Taiwan, while markets such as ASEAN, China, South Korea, and India are competitors in the Taiwan market. In the future, with the gradual reduction of high tariffs, Taiwan’s competitiveness in exports to the United States, Europe, and China. It will most likely be reduced.