Taiwan’s eBay commercial exporters sell to an average to 48 countries, one of the highest in the world, revealed in a report released this week in Taipei (October 28) titled Commerce 3.0: Enabling Taiwanese Entrepreneurs.

The report outlined several recommendations to further grow Internet enabled trade including:

• “Free Trade Zones” in Taiwan support highly efficient forms of processing. Cargo owners can make use of Taiwan as a pivot in their global supply chain, and avail themselves of world-class manufacturing, processing, research and development. 
• Internet speeds. Although by international standards Taiwan has strong Internet speeds that rank it in the top 10 in the world,further investment will increase speeds and continue to assist Internet-enabled businesses.
• Simplified customs procedures. Continued initiatives to simplify customs procedures will further assist Internet-enabled trade.
• ePayments. All electronic payments and transfers to and from Taiwan, regardless of currency, require either a purpose code or description of payment in lieu of a code. Failure to comply may result in a payment/transfer being delayed or rejected. Future ePayments regulation should be focused on technology-neutral, risk-based guidance that recognizes differences in business models and practices.

The launch was addressed by Wang, Ximeng, Deputy Secretary General of Taiwan External Trade Development Council (TAITRA); Clare Lin, eBay Taiwan; and Kevin Jian, one of Taiwan’s top rated eBay sellers.