Japan to become Taiwan's number one auto exporter this year

Japan to become Taiwan’s number one auto exporter this year

Taiwan's Ministry of Economic Affairs (MOEA) announced that the quota on cars imported from Japan would be 25'000 units this year. This means that Japan will surpass Germany as the number one exporter of autos to Taiwan. According to the Taiwan Transportation Vehicle Manufacturers' Association (TTVMA), Taiwan's auto-import system could be split into national and global quotas. The national quota is allocated to domestic automakers based on their local parts-procurement values, sales volumes of locally produced automobiles, and basic quotas. When Taiwan joined the World Trade Organization (WTO) in 2002, the national quota was allocated as 10'000 units for each foreign supplying nation. The national quota increases 20% each year. The global quota was set at 7'500 units in 2002, and it increases 4% per year. The global quota for 2005 is 8'436. Taiwan's nine automakers maintain technical cooperation ties with Japanese partners. 22,000 units of Japanese-made cars are expected to be sold in the local market. The increased sales volume of imported Japanese cars is attributed to the Euro's steep rise.