Machine tool makers eye CPTPP boostSEEKING CHANCE: The sector’s strong recovery from a COVID-19 slump came despite Asian competitors having the advantage of tariff-free trade, a trade group head saidBy Angelica Oung / Staff reporterTaiwan’s machine tool exports are expected to get a “transformational boost” should Taiwan join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Taiwan Machine Tool and Accessory Builders’ Association said yesterday. Speaking at the release of the association’s first white paper, Goodway Machine Corp (程泰機械) chairman Edward Yang (楊德華), the association’s founding chairman, said that Taiwan’s machine tool industry is experiencing a year of robust orders, but it also faces headwinds. Vice Premier Shen Jong-chin, left, and Taiwan Machine Tool and Accessory Builders’ Association chairman Habor Hsu hold up a copy of the 2021 Machine Tool Industry White Paper at the document’s release event in Taipei yesterday. “The CPTPP is our chance to turn it around.”Association chairman Habor Hsu (許文憲) said that despite negative factors, this year has been a return to form for the local machine tool industry. “The machine tool industry is the mother industry that all other industries, including semiconductors, green energy and consumer electronics, rely on,” Hsu said.

Source: Taipei Times October 06, 2021 15:56 UTC