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Taiwan's industrial-machinery sector turned out NT$41.1 billion of products in the second quarter, up a mere 2.3% year-on-year, with the IEKC predicting the sector's annual production value to reach NT$163.1 billion in 2011, up 4.3% from the preceding year.
Taiwan imported NT$160.37 billion of machinery in the second quarter of 2011, down 4.2% from the previous quarter and down 29.8% year-on-year; while the IEKC predicts Taiwan will import machinery totaling NT$658.2 billion in 2011, down 25.1% from the preceding year, of which production equipment for high-tech industry will make up 60% of total imports.
Southeast Asia will replace China as the largest export outlet for Taiwan-made industrial machinery in 2011, with the IEKC forecasting Taiwan to export NT$45 billion of industrial machinery to Southeast Asia in 2011, up 21.3% from the preceding year.
The IEKC says the FTAs between South Korea, the EU and U.S.