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logistics, container distribution, transshipment,
                                                               transfer, contracted transport, customs clearance
                                                               services, assembly, consolidation, packaging, repair,
                                                               fitting, processing, manufacturing, inspection, testing,
                                                               exhibition, and technical services. Firms can operate
                                                               in free trade zones in the form of subsidiaries, offices,
                                                               or operating departments. When foreign cargo enters
                                                               or is stored in a free-trade zone, and when cargo
                                                               is exported overseas from a free-trade zone or
                                                               transferred to another free-trade zone, only a report
                                                               must be made, and the movement is exempt from
                                                               review and inspection. Firms in free-trade zones
                                                               may engage in a wide range of businesses, such as
                                                               LME non-ferrous metals storage and transit, sea-air
                                                               intermodal transport, cross-border e-commerce, and
                                                               overseas warehousing and distribution. Taiwan can
            Science Parks                                      take advantage of the  benefits of its free trade zones

            Science parks established in Hsinchu and in central   to attract cargo bound for transfer and induce firms
            and southern Taiwan serve as foundations and clusters   to establish distribution centers in Taiwan. Firms can
            for high-tech industries. These parks have contributed   also employ a "store in front, factory behind" operating
            to Taiwan's global recognition as a hub for high-tech   model to engage in collaboration with firms outside the
            industries.                                        free trade zone, which will serve to diffuse free trade
                                                               zones' advantages to other others. Successful win-win
            The land and facilities in science parks are available   "store in front, factory behind" business models can
            only on a lease basis.                             achieve the goal of diversified operation and facilitate
                         Hsinchu Park  Integrated circuits,    expansion.
                         Zhunan Park  computers and
               Hsinchu   Tongluo Park  computer peripherals,   Agricultural Technology Parks
               Science   Longtan Park  telecommunications,
               Parks       Hsinchu    photonics and            Taiwan currently has two industrial parks focusing
                                      optoelectronics,
                        Biomedical Park  precision machinery, and   on agricultural technology, namely the national-level
                          Yilan Park  biotechnology            Agricultural Technology Park and Taiwan Orchid
                         Taichung Park  Precision machinery    Technology Park  which  was moved under  the
                                      industry, optoelectronics   jurisdiction of the Ministry of Agriculture (previously
               Central    Houli Park  industry, integrated circuits   the Council of Agriculture) as of January 1, 2023.
               Taiwan     Huwei Park  industry, computer and
               Science                peripherals industry,    These industrial areas have successfully developed
               Parks      Erlin Park  communications industry,   into many industry clusters, including for natural
                       Chung Hsing Park  and biotechnology industry  products, aquaculture, agricultural materials, livestock
                                                               biotechnology, biotech research and development,
                                                               and agricultural facilities. In addition, hardware and
                        Tainan Science
                        Park, Kaohsiung                        software advantages (e.g., a one-stop administrative
                         Science Park,   Photonics and         service platform, bonded zones with tax incentives,
              Southern   Ciaotou Science  optoelectronics, integrated   convenient  one-stop  import/export  customs
               Taiwan    Park, Chiayi   circuits, precision    clearance, low-interest loans, funding for R&D and
               Science   Science Park,   machinery, biotechnology,   industry-academic collaboration, standard biotech
               Parks   Pingtung Science  ICT, and computer
                         Park, Nanzih   peripherals            plants, logistics centers, multifunctional warehouse
                          Technology                           areas,  and  training  centers)  have  attracted
                         Industrial Park                       agribusinesses to lease land to build their own plants
                                                               or to lease standard biotech plants from the parks,
            Free Trade Zones                                   thus forming industry clusters. Furthermore, the

            Taiwan has begun designating free trade zones,
            and currently has 6 sea port free trade zones and
            one air port free trade zone. Free trade zones allow
            19 varied services, including trading, warehousing,



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