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ECFA Early Harvest Brings New Business Opportunities to Taiwan’s Machine Tools

Source: Taiwantrade | Updated: 16 February 2011

Though the machine tool industry is facing currency fluctuation risk, the Early Harvest List of the Cross-Strait Economic Cooperation Framework Agreement (ECFA) has already gone into effect which could bring new business opportunities to the machine tool industry.

According to statistics of the Taiwan Association of Machinery Industry (TAMI), the annual export growth rate of the first 10 months of 2010 reached 68%, which is even better than the 50% annual export growth rate estimated for the first half of 2010. The general manager of TAMI has pointed out that many machine tool makers’ order placements are still full. The supply is far behind the demand. Many order placements still have not been digested. As a result, despite the fact that the growth of many other industries is beginning to slow down, the machine tool industry is still anticipated to expand 10% to 15% more in 2011.

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