A Taiwan commodity center opened Sunday in the Shanghai free trade zone (FTZ) amid efforts to help small and medium-sized Taiwanese firms to seek business opportunities in the mainland.
Entrepreneurs across the Taiwan Strait initiated the idea of setting up the Taiwan commodity center to take advantage of preferential policies in the Shanghai FTZ at a summit in Taipei in December last year.
Authorities in the Shanghai FTZ will offer facilitation measures in customs clearance, inspection and quarantine.
Taiwanese businesses will also be allowed to sell their products at a direct sale center of Shanghai FTZ for half a year. Meanwhile, the FTZ will sell their products on its e-commerce platform.
Zeng Peiyan, president of the mainland-based Council of the Zijinshan Summit for Entrepreneurs across the Taiwan Strait, said he hoped the commodity center will become a window and platform to showcase Taiwanese brands and thus boost trade and exchanges across the strait.