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TAITRA, Amazon sign MOU on close links (update)
Central News Agency
2014-06-09 05:16 PM
Taipei, June 9 (CNA) The Taiwan External Trade Development Council (TAITRA), the country's major trade promotion body, signed a memorandum of understanding (MOU) Monday with Amazon.com Inc., the world's largest online retailer, to forge a partnership agreement.

Following cooperation with eBay Inc. and Newegg.com Inc. of the United States, along with Japan's IPROS Corp., the signing of the MOU marks TAITRA's latest efforts to promote e-commerce platforms, expand overseas markets and boost exports. "We're looking forward to more cooperation and integration between the two sides to promote Taiwan's high-quality products to the world," Simon Wang, executive vice president of TAITRA, said before the signing ceremony.

David Yeh, Amazon China's director of Sales and Onboarding, echoed Wang's remarks and expressed hope that Taiwanese products can attract more buyers around the world. Yeh signed the MOU on behalf the online retailer, while Wang signed on behalf of TAITRA.

Under the agreement, TAITRA's Taiwantrade website -- Taiwan's largest online database for locally made products -- will first help select potential sellers among its 67,000 members.

Those companies will then go through a one-on-one consultation and evaluation process before they can put their products online, according to TAITRA.

In order to enhance its presence in Europe, sales fees for Amazon.uk will be exempt, TAITRA said.

Amazon provides its services in 65 countries and regions, with 200 million active users worldwide, while Taiwantrade features over 330,000 different products manufactured by some 67,000 local companies.

According to a report by the U.S.-based eMarketer research institute, over 1 billion people purchased goods or services over e-commerce platforms worldwide in 2013, with total turnover reaching US$1.2 trillion.

The global e-commerce market is expected to continue strong growth in the coming years, with turnover estimated to reach US$1.5 trillion in 2014 and US$1.9 trillion by 2016, the report said. (By James Lee)

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