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Machine tool industry to benefit from CPTPP: Tsai

The machine tool industry is one of the domestic sectors that would overcome tariff and trade barriers if Taiwan joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), President Tsai Ing-wen (蔡英文) said yesterday.
Speaking at the opening of a machine tool trade show in Taipei, Tsai said the industry has a self-sustaining supply chain and is one of the main drivers of the nation’s economic growth.
The sector comprises mainly small and medium-sized enterprises that have a great spirit of innovation and have achieved major breakthroughs, Tsai said at the joint Taipei International Machine Tool Show and the Taiwan International ....

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