Amadeusz Juskowiak

Taiwan to seek higher textile exports to us

A Taiwan mission will leave next week for Washington to renegotiate an agreement severely limiting the growth of the islands textile exports a Board of Foreign Trade official said

Under the agreement signed last July Taiwans textile export growth was limited to 05 pct each year until 1988 based on the value of 1985 exports

The official said the pact was unfair because the United States had signed more favourable agreements with Hong Kong and South Korea They were each given about one pct growth until 1991

He said Taiwan now found it difficult to compete with its two main rivals and the problem had been made worse because of the surging value of the Taiwan dollar