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Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

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Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

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June 21, 2010

Over 10 Kinds of Machine Tools to Enter ECFA Early-Harvest List

Taipei, June 18, 2010 (CENS)--The government has managed to have over 10 machine-tool items enter the early-harvest list, or priority items for tariff cut or market opening, of the cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA), said Premier Wu Den-yi yesterday (June 17).

Wu, however, admitted that China has yet to budge on its refusal to include a number of major petrochemical products, such as PP, PE, PS, and ABS, into the list, saying that its domestic petrochemical industry will confront strong impact from the concessions already made. Already China has agreed to put 94 petrochemical products, out of 111 requested by Taiwan, on the early-harvest list.

After intensive follow-up negotiation, both sides have agreed to expand moderately the early-harvest list settled during the third talk on ECFA in Beijing, which was just concluded last Sunday. As a result, the list will include over 510 items on Taiwan`s wish list and 260-270 on China`s wish list.

The expansion is fruit of the government`s strenuous effort, in response to the strong urge of domestic machine-tool and petrochemical manufacturers, who have expressed strong disappointment over the original list.

The Taiwan Association of Machinery Industry, for instance, warned yesterday that exclusion of machine tools from the early-harvest list will produce grave consequence beyond imagination, aggravating the plight of the domestic industry which is suffering rapid decline in its global competitiveness. The industry`s output value was surpassed by its Korean counterpart and its export value by the U.S. counterpart last years, with its global rankings slipping to sixth and fifth place, respectively.

Wang Wen-yuan, chief executive officer of Formosa Plastics Group, expressed deep sorrow over the outcome yesterday, saying that he felt like crying. Due to the exclusion from the list, Taiwan-made PP, PVC, and PE, major export items for the Chinese market, will still be subject to 6.5% tariff, while those products from Singapore will enter the market tariff-free.

A Chinese official pointed out that the early-harvest list has already covered over 90% of Taiwan-made machine tools, in terms of value, as well as 70% of Taiwan-made chemical products in terms of items, or near 50%, in terms of value, amounting to US$6 billion a year.

(by Philip Liu)

http://cens.com/

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