WilliamWong, President of Taiwan textile and Trade Association, and Dr.PeterPfneisl, President of the European Federation of textiles and clothing, signed the memorandum of understanding on behalf of their respective organizations.

The EU is now considered to be the world's largest textile and clothing trade group with an annual trade volume of 500 billion euros.

The European Federation of textiles and clothing has about 2000000 employees and 128000 enterprises, producing about 200000000000 euros worth of clothing and textile products every year.

EURATE is its own headquarters in Brussels, Belgium. EURATE is the only organization representing the European Union's textile and garment industry.

Last year EURATEX President Pfneisl visited the Taiwan innovative textile application fair. He was surprised by the development of Taiwan's innovative textiles.

In order to provide more help to textile and garment manufacturers in Taiwan Island, Taiwan Textile Development Association has considered cooperation with international counterparts, and has signed memorandums of understanding with Vietnam, South Korea, China, India, Bangladesh and Indonesia Textile Organization.

The memorandum of understanding signed by the Taiwan Textile Association and the European Federation of textiles and clothing provides necessary defense for the two sides in trade and investment alliances, establishes effective communication links and early warning systems, promotes trade, management, overcomes trade barriers, protects intellectual property rights, and solves illegal and unfair trade practices.