Mon, May 19, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

INTERNET

E-commerce rise ‘inevitable’

Taiwan’s e-commerce market will soar over the next few years, as the online shopping sector rapidly develops in line with global trends, the Institute for Information Industry (資策會) said on Saturday. Growing at an annual rate of about 20 percent, revenue from local e-commerce transactions reached NT$767.3 billion (US$25.7 billion) last year, and is expected to exceed NT$1 trillion next year, the Taipei-based institute said in a research note. Mobile e-commerce has especially great potential, as about 18 percent of local Internet users surf the Web via their mobile devices, including tablet computers and smartphones, the institute said. And about 30 percent of the public uses smartphones for commerce, communications and social networking, it said. With the increasing popularity of handheld devices, “the trend of mobile e-commerce is inevitable,” the institute said.

TRADE

TAITRA relishes Seoul sales

The Taiwanese pavilion at this year’s International Food Industry Exhibition in Seoul generated US$13.25 million in business before the show closed on Friday, the Taiwan External Trade Development Council (TAITRA, 外貿協會) said yesterday. This year, 24 enterprises from the farm produce and food sectors took part in the fair, showcasing a wide variety of quality products, TAITRA said. The displays focused on safety, health, good taste and convenience, it said. Among the featured products was frozen seafood, one of Taiwan’s main exports to South Korea, TAITRA said. It said potential buyers were most interested in snack foods, including processed seafood and seaweed items. Taiwanese companies held talks with 672 buyers and secured US$13.25 million worth of transactions during the four-day fair, TAITRA said.

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