Companies Line Up for Taiwan’s Free Trade Zones

        Taiwan’s free trade zone policy is progressing nicely, with more than 20 companies slated to move into the island’s five free trade zones by the end of the year. This will create lucrative business opportunities in the field of global logistics.

　　Statistics compiled by the Free Trade Zone Coordinating Committee show that the attraction of investment in the zones is far ahead of schedule. Four companies have already set up operations in the Kaohsiung Free Trade Zone (ET Internet Technology Corp., Kaochun Stevedoring Co., Cargo Distribution International Taiwan Ltd., and Lien Hai Terminal & Stevedoring Co.) and four more have submitted applications to move in (Taiwan Hanjin Logistics Co., Wan Hai Lines, American President Lines, and Yang Ming Marine Transport Corp.).

　　The other free trade zones are also reporting strong interests from various companies. Four companies-- ELITE International Management & Marketing Co., Ltd., ET Internet Technology, China Container Terminal Corp., and Coastal Performance International Co., Ltd. -- are planning to submit applications to operate in the Taichung Free Trade Zone. Two companies, YES Logistics Marine Transport Corp., and Yang Ming Marine Transport, have applied to move into the Keelung Free Trade Zone, with operations expected to begin in October. At the Taipei Free Trade Zone, the Tonglit Logistics Co. begins operating in early October.

　　In addition, more than 10 companies have signed formal contracts with the Far Glory Group for operations in the Taoyuan Free Trade Zone, the only one of the five FTZs that is focused on air cargo. Over 80 other enterprises have signed letters of intent to operate in the zone and are currently carrying out related feasibility studies.

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