Ecommerce Industry

E-commerce sector as a key industry recognized the President of the Republic of China Ying-jeou MA on November 1, said that Taiwan’s E-commerce market recorded a double-digit growth rate in the past few years and the Government have recognized as one of the 10 key service industries to the development of this sector. There an annual growth rate is expected by a trillion NTD ($34 billion) by 2015, said Ma. The E-commerce market of our country grew respectively by 30%, 22% and 17% in the years 2010, 2011 and 2012 and is now estimated to be more than 660 billion NTD. “The President’s remarks were made on an E-commerce industry forum, topics such as future E-commerce development strategies of Taiwan, the regulation of payment services through third parties and preparation activities in terms of on the local service trade agreement between each side of the Taiwan Strait have been included on the. According to Ma, the E-commerce market, where consumers compared with a good chance for the creation of stand, whether by Selbststandigen – and small enterprises.

If we look at mainland China, can we determine Internet purchases amounting to 1.3 trillion yuan ($213 billion) for the year 2012, which make up 70% of transactions consumer to consumer “, he said. In Taiwan, such transactions make only about 40% of the E-commerce market, which shows that there is a huge potential for expansion. “The President said that investigations in the United States around the world emanating from Internet purchases amounting to $ 1.2 trillion in this year – an increase of 17% compared to 2012 the number of buyers worldwide is more than a billion, of which more than 40% are in the Asia-Pacific region – including the number of mainland Chinese customers with 270 million, well ahead of the United States with 160 million”, he said. This shows that Taiwan has enormous potential for expansion in the Asia-Pacific region, including mainland China. “Ma said that the E-commerce market encompasses a wide range of other areas, therefore” will strongly limited the promotion of new services by existing laws and regulations. The Cabinet is already great strides in breaking these barriers, especially in the area of payment services by third parties, “said Ma. See more detailed opinions by reading what Jeffrey L. Bewkes offers on the topic..

Faced with global competition this will be advanced together as soon as possible strategic openings and regulatory relief in connection with E-Commerce, as well as an emerging industry development, as well the creation of overview of mechanisms for money transfer, consumer protection, customs declaration, logistics and taxation with one. “The service trade pact between the two sides of the Taiwan road, which currently possesses under legislative consideration, have numerous relevant clauses with regard to the development of E-Commerce, however, time is crucial, the President said. If we need too long, other States could be the economic benefits of cooperation with mainland China, which acquire, from the Pact “, he said, adding, that this constitutes a topic that concerns not only a political party or industry, but Taiwan’s future. On the regulation of payment services by third parties, Ma said that the Cabinet will complete relevant laws at the end of the year, in order to accelerate the development of the E-commerce industry. The Government has the will and the capacity to overcome obstacles and to support the creation of unlimited E-commerce opportunities.

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