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Trade in Taichung free trade zone surges on strong demand from China

Trade in Taichung free trade zone surges on strong demand from China

Taipei, March 22 (CNA) The export/import trade in the free trade zone of Taichung Harbor on the central western coast of Taiwan jumped last year, owing to growing demand in China for petroleum products, according to government statistics released Friday.
Sales in the free trade port zone touched NT$501.9 billion (US$16.8 billion) in 2012, recording a 65.85 percent growth from the previous year, while the shipment volume surged 149.76 percent to 10.18 million tons, data compiled by the Maritime and Port Bureau under the Ministry of Transportation and Communications indicated. During the same year, sales of petroleum products in the free trade port zone, which is Taiwan's international petroleum product trading center, amounted to NT$163.27 billion, representing an over three-fold growth from the NT$47.3 billion level of 2011, the bureau said. It attributed the increase to surging demand from China, high-quality petroleum products of Taiwanese refiners and processors operating in the port zone, and preferential trading measures adopted in the free trade zone. There are at present five free trade port zones in and around Taiwan, which fall in the Keeling Harbor, Taipei Harbor, Taichung Harbor, Kaohsiung Harbor and Suao Harbor, respectively. Companies operating in the coastal districts enjoy preferential tariffs, and convenient and efficient storage and shipment services. (By Wang Shu-fen and Elizabeth Hsu)


Updated : 2021-07-30 11:52 GMT+08:00