Taipei: Taiwan has passed a law to allow its freight forwarders to operate multi-country consolidation, in a potential big boost to the island’s ports.
The new law will make Taiwan a far more competitive ocean and air freight hub, said Michael Tai, chairman of Taiwan’s International Ocean Freight Forwarders and Logistics Association (IOFFLAT). Consolidating goods in Taiwan and re-exporting them to Europe and America will greatly increase efficiency and reduce costs, he said. [22/08/14]
