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New USMCA benefits Taiwan's screw sales expanding North American market-The 20th China (Guangzhou)Int’l Fastener & Equipment Exhibition
12/6/2018 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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During the G20 summit, the US, Canada and Mexico signed the United States-Mexico-Canada Agreement (USMCA) in Argentina, to replace 24-years of North American Free Trade Agreement (NAFTA).
The most important change in new USMCA was to encourage automakers to invest or expand scale in the US and Canada, in order to increase auto-made rate in North America.
Among them, 40% auto parts must be made by labors whose hourly salary higher than US$16 to meet the tax exemption. These three countries were used to our major screws exporting countries, accounting for about 46% of total screw exports.
From January to October this year, the screw exports to the US, Canada and Mexico grew by 6%, 26.33% and 10% year on year respectively.
The screw producers in Taiwan were positive for the agreement taking effect to large improve our fasteners exporting to these countries.
緊固件展-2019第二十屆廣州國際緊固件及設備展覽會-巨浪展覽
-The 20th China (Guangzhou)Int’l
Fastener & Equipment Exhibition
- Fastener exhibition,2019 Fastener
exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2019 Fastener
expo, China Fastener expo, Guangzhou Fastener expo
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