Deputy Minister of Economic Affairs Lin Quanneng (3rd from left) said that 30% of my country's fastener products are exported to the EU, and the Ministry of Economic Affairs has integrated relevant resources to help my country's fastener industry cope with the global net zero challenge, "making CBAM not a crisis but a turning point."

(provided by the Bureau of Industry)

[Reporter Liao Jianing/Report from Taipei] The European Union's Carbon Border Adjustment Mechanism (CBAM) is expected to be implemented on a trial basis in October this year, and will be officially launched in 2026. The listed products include screw fasteners exported from my country to the EU.

In this regard, Lin Quanneng, Deputy Minister of the Ministry of Economic Affairs, said that 30% of my country's fastener products are exported to the European Union. The Ministry of Economic Affairs has integrated relevant resources to help my country's fastener industry cope with the global net zero challenge, "making CBAM not a crisis but a turning point." This opportunity enhances the global competitiveness of the industry.

Today (7th) the Industrial Bureau of the Ministry of Economic Affairs, the Metal Center, the Taiwan Institute of Economics and the Taiwan Screw Industry Association jointly organized the "Fastener Industry Low-Carbon Transformation Promotion Explanation Seminar", focusing on explaining the preliminary EU CBAM norms, carbon inventory of the fastener industry and net zero reduction Carbon practices, and corresponding government resources.

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According to the Industrial Bureau, my country is a major producer of fasteners and occupies an important position in the international supply chain. In 2021, the amount of fasteners exported from my country will be about NT$166.3 billion, and the export weight will be about 1.61 million metric tons, of which about 470,000 metric tons will be exported to the EU, accounting for The overall export volume is 29%, showing that the EU is an important export market for fasteners in my country.

Lin Quanneng, deputy minister of the Ministry of Economic Affairs, said that 30% of my country's fastener products are exported to the EU. Sinosteel and Metal Center have professional technology and experience. The Industrial Bureau has integrated resources to help the industry prepare for the challenges. "Turning opportunity" to enhance the international competitiveness of my country's fastener industry.

Cai Tujin, chairman of the Screw Industry Association, pointed out that low-carbon transformation is a trend. The Ministry of Economic Affairs and Sinosteel have long been reminded, and even signed an MOU in October last year, which belongs to the metal industry cross-domain green manufacturing cooperation alliance, to integrate and implement the low-carbon transformation of the metal industry. Carbon transformation, the Screw Association has previously asked China Steel and Metal Center to help the fastener industry, and it needs to prepare in advance to meet the EU CBAM declaration requirements.

Lian Jinzhang, director of the Industry Bureau, added that the industry should be prepared for carbon inventory and verification. The Metal Center will be invited to assist the industry in inventorying. The Industry Bureau will invest funds to promote low-carbon and smart industries. Talent training covers senior managers to grassroots personnel. , calling on enterprises to make more use of it and do a good job of basic skills first.

According to statistics from the Ministry of Economic Affairs, there have been 224 cases in which metal industry operators combined with academia and research units have sought carbon inventory resources (for the metal industry) from the Industrial Bureau of the Ministry of Economic Affairs, including 35 fastener-related businesses, showing that the industry has determined to take the lead in net-zero transformation. step.

The Ministry of Economic Affairs has appointed the Metal Center to set up a carbon reduction service group for the metal industry. In the future, it will serve as a single service window for carbon surveys, carbon verification, technology upgrades, government guidance and subsidy resources, and talent cultivation. This type of service assists the industry in solving problems and accelerates the low-carbon transformation of the fastener industry.

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