{"id":12030,"date":"2022-09-01T14:36:27","date_gmt":"2022-09-01T14:36:27","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022"},"modified":"2022-09-01T16:32:30","modified_gmt":"2022-09-01T16:32:30","slug":"eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022","title":{"rendered":"ESWATINI EXPORTS TO TAIWAN INCREASED BY OVER E80M IN 2022"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>Minister of Commerce, Industry and Trade Manqoba Khumalo says the Economic Cooperation Agreement (ECA) between Eswatini and the Republic of China on Taiwan has yielded positive outcomes since its entry into force in 2018.<\/b><\/p>\n

Khumalo says this is evident in the increase in Eswatini exports to the Republic of China (Taiwan) which grew from E9.7 million in 2019 to E91 million in 2021, which is an increase of 81.3 million emalangeni. While the imports on the other hand increased to E371 million in 2021 from E221 million in 2019 reflecting an increase of 150 million emalangeni.<\/p>\n

The minister was speaking during the 2nd Meeting of the Joint Committee on the Economic Cooperation Agreement between the Republic of China on Taiwan and the Kingdom of Eswatini held virtually last week.<\/p>\n

Khumalo said trade between the two countries is dominated by ethyl alcohol, chemicals, manufactured goods and machinery.<\/p>\n

\u201cThe major contributing export product is under natured ethyl alcohol which has seen a growing trend since 2019, while imports are dominated by chemicals and related products, manufactured goods, machinery and transport equipment,\u201d the minister added.<\/p>\n

The agreement seeks to enhance mutually beneficial bilateral economic cooperation between the two countries thus accelerating trade and investment.<\/p>\n

\u201cThis is especially true as world economies continue to recover from the devastating effects of COVID-19, which continues to render trade liberalisation and opening of markets pertinent,\u201d Khumalo said.<\/p>\n

Eswatini has been utilising 16 product lines since last year and the country has requested 27 more product lines in 2022. \u201cTo this extent Eswatini appreciates the additional market access which was offered by your country last year, for 16 product lines that I believe are already being exported to Taiwan on either a duty free quota free basis or on reduced tariffs.<\/p>\n

In a similar manner, my country will be presenting a list of 27 additional products which require duty, free market access Taiwan, and to this extent we implore your positive and kind consideration of the request,\u201d the minister said.<\/p>\n

Taiwan also avails other opportunities aimed at strengthening the relations between the two countries such as inviting Eswatini businesses to participate in Taiwanese Trade Fairs and other activities to showcase Eswatini\u2019s export products.<\/p>\n

\u201cThe trade fairs and other activities provided by yourselves are other opportunities aimed at strengthening the relationship between our countries and provide an opportunity for Eswatini businesses to showcase Eswatini export products is a positive step towards developing more value chains and exports for our micro, small and medium enterprises (MSMEs)\u201d, he emphasized.<\/p>\n

Eswatini is looking forward to more trade promotion initiatives between the two countries which may include the necessary capacity building interventions that will enable local exporters to meet all the necessary market entry requirements into Taiwan.<\/p>\n

One major outcome of the 1st Joint Meeting of the Committee was consideration for continued provision of customised e-training courses for Eswatini MSMEs which is aimed at enhancing their capacity to trade, and to develop the use of ICT tools as an integral part of Eswatini Government\u2019s post COVID -19 National Economic Recovery Strategy.<\/p>\n

\u201cWe continue to welcome any relevant e-training programmes and ICT tools that will enhance our MSME competitiveness and their ability to effectively access new markets,\u201d he said.<\/p>\n

Eswatini has proposed that the parties look at possibilities of widening the scope of the bilateral cooperation beyond trade in goods to also cover trade in services in the near future.<\/p>\n

\u201cMajor services such as transport, finance, telecommunications, energy, water supply and business services (i.e. \u201cproducer services\u201d), including digital trade and e-commerce are indispensable inputs for other economic sectors, particularly in the manufacturing and agricultural sector,\u201d the minister proposed.<\/p>\n

The Taiwan Minister of Economic Affairs Mei-Hua Wang commended Eswatini for the continued cooperation and the proposed expansion of the product lines as well as the widening of the scope to also include trade in services. \u201cTaiwan is committed to promoting free trade between the two countries through ensuring that most product lines are either zero tariff rated or the tariffs are reduced for Eswatini businesses to realise profits,\u201d she added.<\/p>\n

Eswatini promised Taiwan to work around the clock to ensure illegal protests are minimised in the garment industry through engaging relevant organizations such as the workers union. Deputy Labour Commissioner Kingdom Mamba said the Ministry of Labour and Social Security is always available to attend to workers\u2019 concerns through the Labour Advisory Board.<\/p>\n

\u201cThe textile workers through their union, the Amalgamated Trade Union of Swaziland (ATUSWA) has been negotiating wages adjustments for its members and the Minister has approved 7.7 per cent salary increment which has since been gazette,\u201d he said.<\/p>\n

Mamba promised that they will benchmark with other SADC countries textile salaries starting from the next round of negotiations.<\/p>\n

The Eswatini delegation included the Under Secretary in the Ministry of Commerce, Industry and Trade Cebile Nhlabatsi, Acting Director of International Trade Department (ITD) Lungile Dlamini, Acting Deputy Director \u2013 ITD Portia Dlamini while the Taiwanese delegation included the Taiwan Embassy in Eswatini and Senior Government Officials from the Ministry of Economic Affairs.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. Minister of Commerce, Industry and Trade Manqoba Khumalo says the Economic Cooperation Agreement (ECA) between Eswatini and the Republic of China on Taiwan has yielded positive outcomes since its entry into force in 2018. Khumalo says this is evident in the increase in Eswatini exports to the Republic of China (Taiwan) which […]<\/p>\n","protected":false},"author":84,"featured_media":12029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,12,16],"tags":[234,248,249],"class_list":["post-12030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nESWATINI EXPORTS TO TAIWAN INCREASED BY OVER E80M IN 2022 - Eswatini<\/title>\n<meta name=\"description\" content=\"Minister of Commerce, Industry and Trade Manqoba Khumalo says the Economic Cooperation Agreement (ECA) between Eswati ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESWATINI EXPORTS TO TAIWAN INCREASED BY OVER E80M IN 2022\" \/>\n<meta property=\"og:description\" content=\"Minister of Commerce, Industry and Trade Manqoba Khumalo says the Economic Cooperation Agreement (ECA) between Eswati ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-01T14:36:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-01T16:32:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2022\/09\/postQueueImg_69.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ESWATINI EXPORTS TO TAIWAN INCREASED BY OVER E80M IN 2022\",\"datePublished\":\"2022-09-01T14:36:27+00:00\",\"dateModified\":\"2022-09-01T16:32:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022\"},\"wordCount\":848,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2022\/09\/postQueueImg_69.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-exports-to-taiwan-increased-by-over-e80m-in-2022\",\"name\":\"ESWATINI EXPORTS TO TAIWAN INCREASED BY OVER E80M IN 2022 - 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