The Taiwan Bicycle Exporters’ Association (台灣區自行車輸出業同業公會) is urging the government to include bicycles on the “early harvest list” as the country negotiates with China on a proposed economic pact.
“If that were to happen, Taiwanese firms could switch their manufacturing bases in the mainland back to Taiwan, then export them to the China market if the duty is zero,” association chairman Yang Ying-ming (楊銀明) said.
The association reached a consensus during its general meeting last December and submitted the request to the Ministry of Economic Affairs the same month, he told reporters on the sidelines of the Taipei International Cycle Show opening ceremony.
PHOTO: SAM YEH, AFP
Taiwanese manufacturers’ technological know-how makes them more competitive in producing high-end bikes and they could secure a lead over their Chinese counterparts, who focus on lower-end bikes, he said.
“This is the strength that we would enjoy with our strong brand names, especially since demand for high-end bikes is rising in China,” he said.
The second round of formal negotiations on an economic cooperation framework agreement (ECFA) is expected to take place in Taipei next week. Officials from both sides will exchange their respective early harvest lists then.
PHOTO: PICHI CHUANG, REUTERS
The lists refer to the industries and services on both sides that will be granted immediate tariff concessions or more liberal trade terms under the ECFA.
Taiwanese manufacturers exported 4.3 million bikes last year, a slump of 20.4 percent from 2008 because of the impact of the financial crisis. The export revenue fell 10 percent to US$1.25 billion, data from the association shows.
The Taipei International Cycle Show is being held at the Nangang Exhibition Hall and will end on Saturday.
It is the largest such exposition in Asia and the third-largest in the world. There are 894 vendors from home and abroad at the show, occupying 3,018 booths, making it the biggest in its 23-year history, organizers said. The trade fair is only open to the public on the last day with an admission fee of NT$200 (US$6).
‘ACCORDING TO PLAN’: A company official said that it has set up production sites worldwide to provide services and that its Wisconsin project was going smoothly Hon Hai Precision Industry Co’s (鴻海精密) smart manufacturing center in Wisconsin would begin trial manufacturing in the middle of this year, the company said yesterday, adding that it plans to build a research institute to develop key technologies to support growth over the next five years. Hon Hai, known internationally as Foxconn Technology Group (富士康科技集團), said in an annual report submitted to the Taiwan Stock Exchange that its planned Foxconn Institute for Research in Science and Technology would conduct research into artificial intelligence, next-generation communications, quantum computing, cybersecurity and nano semiconductors in Taiwan. Hon Hai is to make products at the center
TV and online retailer Momo.com Inc (富邦媒體) yesterday said it has set up a new logistics subsidiary, Fu Sheng Logistics Co (富昇物流), to oversee the company’s extensive shipping operations. Leveraging Momo’s 23 satellite warehouses and distribution centers nationwide, Fu Sheng will be in charge of executing the retailer’s same-day shipment plan for deliveries in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, Momo said in a press release. Seeking to further shorten its supply chain, the company is to set up another seven satellite warehouses and distribution centers by the end of the year. “Fu Sheng has a fleet of 200 couriers
STAYING AHEAD: Fitch said that TSMC remains technologically ahead of others, but Samsung is building a new chip fab, while China is investing in its domestic industry As escalating US-China tensions and COVID-19-related production disruptions force US technology supply chains to transform, Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) US$12 billion chip fabrication plant in Arizona would be key to spurring greater US production of core semiconductor components, Fitch Ratings said. “We view the US-TSMC alliance as a first step in building a more autonomous US technology supply chain, given high barriers to entry, specifically related to the significant capital and design capability required for leading-edge semiconductor manufacturing,” Fitch said in a statement on Tuesday. “By working with TSMC, US chipmakers will not face the financial burden of incremental investment
E Ink Holdings Inc (元太科技), the world’s sole supplier of e-paper displays for e-readers and shelf labels, posted its best quarterly net profit for the first quarter in nine years amid increased demand during a traditionally slow season. Net profit soared 80 percent to NT$787 million (US$26.23 million) in the quarter ended March 31, compared with NT$438 million a year earlier. That translated into earnings per share of NT$0.69, up from NT$0.39. E Ink posted lower royalty income of NT$371.23 million last quarter from NT$448.74 million a year earlier, a company financial statement showed. E Ink said that it expects royalty income to