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TAIWAN'S TAICHUNG HARBOR PROPOSED AS FREE TRADE AREA.
TAIPEI, Sep 1 Asia Pulse - Local government heads in central Taiwan proposed Saturday that a free trade area be set up at Taichung Harbor in Taichung County to attract foreign investment.
The proposal was made at a regular meeting of the local heads in response to a request by a Japanese trading enterprise, Itochu Corp., Taichung City Mayor Jason Hu disclosed.
Itochu Corp.'s representative in Taiwan had expressed the hope that a free trade zone could be established in central Taiwan to create a convenient investment hub, Hu said.
Itochu Corp. deals in products in various industries such as textiles, machinery, information and communications, metals, oil and other energy sources, general merchandise, chemicals, and provisions and food. It has 17 domestic and 139 overseas offices.
Hu said Itochu has invested heavily in China and that a free trade area in Taiwan would allow it to save logistics costs between China and Japan. The area would also create great business opportunities for central Taiwan, and thus benefit all three ...
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