Taipei: According to Taiwan’s Council for Economic Planning and Development (CEPD), value-added processing and multinational container consolidation are set to become two key drivers of output for Taiwan’s planned Free Economic Zones (FEZs). The FEZ initiative is set to commence next month.
An official from CEPD said more than 200 authorized economic operators will be among the first local firms allowed to engage in smart logistics business inside the zones. Local firms can import auto components and parts through one of Taiwan’s five FEZs in the free trade ports of Kaohsiung, Keelung, Taichung, Su-ao and Taipei, as well as Taiwan Taoyuan International Airport, before shipping them to their facilities for final assembly while trading firms can also import full containers of merchandise to the FEZs and unpack the containers or combine the goods for shipment to other destinations.
“This business model allows shippers to reduce costs and assists in pushing up traffic volume at Taiwan’s ports,†said the CEPD official. [14/06/13]
