Sat, Dec 18, 2010 - Page 2 News List

Cross-strait trade fair features CAS agriculture products

Staff Writer, with CNA

A cross-Taiwan Strait trade fair opened at the Taipei World Trade Center yesterday, in which Taiwan’s premium agricultural products bearing the CAS (certified agricultural standards) label were introduced to traders from China.

The Chinese buyers were expected to place a total of US$2.5 million in orders on the first day of the two-day event, which was organized by Taiwan’s Council of Agriculture to promote the country’s quality-certified agricultural products, council Minister Chen Wu-hsiung (陳武雄) said.

After the trade fair, follow-up orders worth many times that amount are expected to be placed, Chen added.

Wang Cheng-yi (王正一), chairman of Taipei-based Laurel Enterprises Corp, a frozen food producer with production lines in both Taiwan and China, said he anticipates that CAS products will create between NT$700 million (US$23.4 million) and NT$800 million in trade opportunities in China in the first year entering the market, expanding to NT$1 billion or more in the following year.

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