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2007/ 5 / 1
According to authority agreement " Wagon shipping Agency Co."
is honourable named " Wagon Shipping Corporation " .
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 Detailed
News |
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 2001/10/25
Expanded offshore transshipment zone to include
bonded areas and industrial
parks |
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The Ministry of
Transportation and Communications, under the Executive Yuan's directive, began
working on the draft for the Offshore Transshipment Zone Law. According to
sources, bonded areas and science-based industrial parks may be included as
part of the first-phase expansion of the offshore transshipment center, in
addition to the export processing zones, which were previously included. |
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2001/
7 /19 Fifth Cross-Strait Conference on Maritime Science and
Technology held on September
10th in Shenzhen |
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2001/
7 /19 Air-sea freight forwarding included in the operations of
offshore shipping center |
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The Ministry of
Transportation and Communications convened a meeting of relevant units to
discuss revisions to the Offshore Transshipment Zone Law, following the
Executive Yuan's resolution to include air-sea freight forwarding under the
Offshore Transshipment Zone Law. Furthermore, in concert with the due process
of the law, its legal status will be included in the discussion. The relevant
announcement and implementation are expected sometime in the near future. |
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| 2001/
7 /13 Analysis of cross-strait trading April 2001 |
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Analysis of the cross-strait
trading situation for April 2001, as published by the Board of Foreign Trade,
Ministry of Economic Affairs:
I. Changes in Trade Volume
The total volume of trade between Taiwan and China from January to April 2001
was valued at US$9.556 billion, which is a growth of 0.7% over the same period
last year. The trade volume accounts for 11.7% of total export in the same
period, showing an increase of 1% over the same period last year. Trade surplus
totaled US$5.666 billion, which is a decline of 0.6% over the same period last
year. From January to April 2001, Taiwan's export to China was estimated at
US$7.611 billion, which is a growth of 0.2% over the same period last year. The
export volume accounts for 17.9% of total export, showing an increase of 1.1%
over the same period last year. Specifically, in April, Taiwan's export to
China was estimated at US$2.074 billion, which is a decline of 3.8% over the
same period last year, accounting for 19.1% of Taiwan's total export. Between
January and April, Taiwan's import from China totaled US$1.945 billion, which
is a growth of 2.5% over the same period last year. The import volume accounts
for 5.0% of Taiwan's total import, showing an increase of 0.7% over the same
period last year. Specifically, in April, Taiwan's import from China was
estimated at US$566 million, which is a growth of 2.2% over the same period
last year, accounting for 5.4% of Taiwan's total import.
Due to the slowdown in global economic growth, and the already high base of
comparison in the same period last year (2000), there is only a slight growth
in Taiwan's import from China. Looking ahead, if global trade fails to improve,
and the growth of China's foreign trade continues to weaken, cross-strait trade
performance is unlikely to appear optimistic in the short term. However, since
China has reduced the import tariff (average rate has dropped from 16.4% to
15.3%) for 3,462 tax items this year, it will stimulate demand for import
goods, which will help to boost Taiwan's export to China. Furthermore, on
October 31, 2000, China has approved and promulgated revisions to the
Wholly-Foreign-Owned Enterprises Law and Sino-Foreign Cooperative Joint Venture
Law, eliminating the restriction on enterprises to give priority to Chinese
sources when purchasing materials, thus giving foreign-owned enterprises more
autonomy. Taiwan will benefit from such revisions to the law because a major
part of Taiwan's export to China consists of raw materials and components.
II. Type of Goods
(i) Between January and April 2001, Taiwan's export to China consisted
mainly of electrical equipment and related components, mechanical equipment and
related components, plastics and related products, iron/steel, synthetic silk,
industrial-use textiles, organic chemicals, copper and related products,
electro-optic instruments and related components, and synthetic cotton. The
export volume of such goods totaled US$5.893 billion, accounting for 77.4% of
Taiwan's total export to China. In particular, export of organic chemicals to
China grew a significant 75.7%, accounting for 51.4% of Taiwan's total export
of organic chemicals worldwide, which is an increase of 11.9% over the same
period last year; export of iron/steel to China grew by 7.5%, accounting for
41.9% of Taiwan's total export of iron/steel worldwide, which is an increase of
9.8% over the same period last year. With the global electronics and
information industry in a cyclical recession, electrical equipment and related
products, which have led export growth in the past, are affected, declining by
2.6% over the same period last year.
(ii) Between January and April 2001, Taiwan's import from China
consisted mainly of electrical equipment and related components, mineral
fuel/oil and related distilled products, iron/steel, toys/sports products and
components/accessories, zinc and related products, organic chemicals,
stone/lime and cement, furniture/lighting and accessories, and organic
chemicals. The above goods totaled US$1.417 billion, accounting for 72.84% of
total import from China. Among the aforesaid goods, only electrical equipment
and related components, mechanical equipment and related components, mineral
fuel/oil and related distilled products, and organic chemicals, are still
showing import growth.
IIl. Competitive performance of major Taiwan export goods in China's import
market
According to statistics released by Chinese customs, the top 10 import
countries in China between January and April 2001 are Japan, Taiwan, United
States, South Korea, Germany, Hong Kong, Russia, Malaysia, Singapore and
Australia. These countries' export to China, in proportion to total global
export to China, saw a decline in comparison to the same period last year.
Decliners are Japan (-0.8%), South Korea (-0.58%), Australia (-0.4%), Taiwan
(-0.35%) and Hong Kong (-0.3%). In April 23, the Japanese government imposed a
200-day emergency import restriction on export of spring onion, fresh mushroom
and Japanese mat rush to China. As a reaction against this restriction, China
imposed a 100% special tariff on all Japanese automobile, mobile phone and air
conditioner products.
This is the first time China has adopted such a harsh campaign of trade
retaliation against Japan. It is still unknown whether both parties will enter
a vicious cycle of building trade barriers against each other. According to
statistics released by Chinese customs, although Taiwan's export to China has
grown 14%, it still lags behind China's total global import, which has grown
17.8%. Therefore, Taiwan's export to China, in proportion to China's total
import, has declined by 0.35% over the same period last year. Taiwan's export
to China is concentrated on several categories of goods. Just electrical
equipment and related components, mechanical equipment and related components,
plastics and related products, and iron/steel, alone constitute 64% of China's
import from Taiwan. In terms of the performance of Taiwan's top 10 export goods
in the Chinese market, organic chemicals, electro-optic instruments and
components/accessories (e.g. camera), electrical equipment and related
components, and mechanical equipment and related components, has shown a
two-digit growth. Among goods exported to China, only organic chemicals and
synthetic silk grew by 2.47% and 1.64% respectively, in proportion to China's
total global import. Other goods exported to China have shown a decline. (Huang
Wei-chih) |
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2001/
6 /13 Double happiness: Wagon appointed agent for Taiwan
Navigation and Mawei Shipping in
Taiwan |
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Wagon Shipping Agency, which
is a leading operator in cross-strait shipping, has not only been appointed the
Taiwan agent for Taiwan Navigation's newly open cross-strait shipping routes,
it has also won the favors of Mawei-Huarong Shipping, Fuzhou City. Wagon
Shipping will operate, on its behalf, two regular shipping routes to be open in
July and September, specifically from Fuzhou/Xiamen to Taiwan, passing either
through Ishigaki or Hong Kong.
Chen Weiren, president of Mawei Shipping and chairman of Mawei-Huarong
Shipping, revealed that the Chinese authorities have approved application for
the new routes and Wagon Shipping is handling the administrative procedure. The
routes are expected to receive operating permits around July to August 2001.
The two shipping routes are operated under the "Mawei-Huarong Shipping, Fuzhou
City" banner. A 300 TEU container ship will operate on each of the routes.
Sailing once a week, the Fuzhou route will link to Taiwan via Ishigaki and the
Xiamen route will link to Taiwan via Hong Kong.
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2001/
6 /12 2001 Cross-Strait Conference on Maritime Industry
Development held at China
College of Maritime
Technology and Commerce
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The 2001 Cross-Strait
Conference on Maritime Industry Development, hosted by the China College of
Maritime Technology and Commerce (CCMTC) and co-hosted by Wagon Shipping
Agency, was held in CCMTC's conference hall on June 12. A total of 10
representatives from the maritime industry in China and Taiwan attended the
conference. During the conference, Shantou Ocean Shipping's president, Dong
Xiaoyi, pointed out that the imminent entry of China into the WTO would bring
both challenges and opportunities to China and Taiwan in the future. The
cross-strait freight forwarding market will face more intense competition.
Carriers from both sides of the strait must work together to increase
efficiency, lower operating costs and increase operating performance. |
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