Docks in Taiwan
Taiwan’s launch of direct cargo links with the mainland will help it better compete with rival transport hubs Hong Kong and Singapore. As a result according to analysts, logistic firms are poised to triple their contribution to economic growth.
The launch of first-ever direct cargo flights and shipping routes between both sides marked a resumption of services after a six-decade gap.
Taiwan ports have up to now lost business to fast expanding regional transportation hubs.
Taiwan leaders say the links will spur Taiwan’s economy in years to come by luring more businesses to set up shop on the island due to its closeness with the mainland.
Previously, goods from Taiwan had to be transported to a third destination, such as Hong Kong, before heading towards the mainland. Direct links could save shippers about $36 milliona year through shorter transit times and lower fuel costs and working hours.
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Source: Reuters