Cross-strait textile industry is closely cooperating with each other in the increasingly complementary industrial structure

Sun Huaibin, the director of the China Textile Industry Association's Ministry of Industry, highlighted during the 2nd China Western Clothing and Accessories Festival that by the end of 2009, Taiwanese investors had launched 2,378 textile projects on the mainland, marking a 14% rise compared to the previous year. The total investment reached $2.7 billion, an increase of 27%. This growth reflects a deepening of cooperation between the textile industries on both sides of the Taiwan Strait, with stronger complementarity in their industrial structures. In recent years, Taiwanese entrepreneurs have shown strong interest in investing in the mainland’s textile sector. Initially, they focused on Fujian, Guangdong, and Jiangsu provinces, but now they are expanding into central and western regions such as Hubei, Jiangxi, and Sichuan. Meanwhile, due to policy changes, mainland businesses have become more active in visiting Taiwan, with some textile companies even setting up sales outlets there. Despite significant differences in trade volume between the two sides, the textile industries exhibit high complementarity. The mainland primarily exports clothing and apparel to Taiwan, with about 50% being garments, while Taiwan mainly exports fabrics, fibers, and yarns to the mainland, accounting for 80% of the total cross-strait trade in textiles. According to Sun Huaibin, this trade structure is driven by the integration of the textile supply chain and the vertical division of labor between the two sides. Approximately 70% of the textile trade between the two regions is conducted through processing trade, which enhances efficiency and collaboration. The Cross-Strait Economic Cooperation Framework Agreement (ECFA), signed in June of this year, has significantly influenced the development and cooperation of the textile industry on both sides. Under ECFA, the gradual elimination of tariffs over two to three years starting from 2011 will greatly boost Taiwan’s textile competitiveness, especially in the mainland market. Taiwanese analysts predict that once the zero-tariff policy is fully implemented, annual textile exports from Taiwan to the mainland could rise by 25.1%, reaching approximately $530 million.

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