China needs machine tools, Taiwan provides them. In the next five years there will be machinery worth 6.5 billion U.S. dollars. The equivalent in value to almost every third exported machine tools. The reason for this optimistic forecast of the Research Institute ITRI in Taipei is the free trade agreement between Taiwan and China ECFA, the middle of this year was signed.
Taitra President Yuen-C. Chao and Tami Representative David Chuang: The free trade agreement with China, Taiwan is made even more attractive.
"It is Taiwan's machine tools for the Chinese market even more attractive," says Yuen-Chuan Chao, President of Taitra, Taiwan External Trade Development Organization for sure. Together with David Chuang, vice chairman of the department of mechanical engineering machine tools in the Taiwanese Association Tami presented, Chao recently introduced an important result of the trade agreement: To TIMTOS 2011, the 15th international machine tool exhibition in Taipei, from 1 to 6 Held in March have 920 exhibitors already confirmed their participation - a record level.
TIMTOS expect many visitors from the People's Republic of China
About 20% of the TIMTOS exhibitors come from abroad. All the halls are filled. One reason for the high level of interest, according to Chuang, "an increased influx of Chinese visitors," another is the increasing quality of Taiwanese metalworking. The attractiveness of Taiwan as a market for high-end machines.
On the TIMTOS this quality initiative to offer for machining and forming machines. If the quality looks Chuang "the level of standard equipment by Japanese manufacturers" is achieved.
Taiwan's machine tool manufacturers want more market share in Europe
Use of public programs to be addressed further improvements. The aim is to achieve in the years 2011 to 2015, similarly high export quota to Europe as to China after. In the first months of this year was Expoartanteil to China nearly 48%. The quality is more offensive balance between the main sales regions are created.
Based on the value, go to Taiwan for almost 75% of the appraised machine tools in the export, the volume of ITRI in five years to 7 billion U.S. dollars. So Taiwan would be on the world market is the third largest supplier.
