It is hoped that the new law allowing consolidations of cargo for different destinations will make Taiwan one of the most competitive logistics hub in the world.
Consolidating goods in Taiwan and re-exporting them to Europe and America should increase efficiency and reduce costs.
In addition to this, last August the country approved plans for eight Free Economic Pilot Zones (FEPZs) with the intent of boosting exports and tempting producers and suppliers from other countries, particularly close economic neighbours, to have a presence in Taiwan. The preferential atmosphere within the zones is aimed specifically at industries seen as offering premium economic returns such as food production and the biotech sector.
Approval of the zones has not materialised as parliament ran out of time before the end of the last session last month when all attention was turned to discussing the horrific gas explosions in Kaohsiung on July 31 which killed 30 and injured hundreds more.