TBE to serve as a gateway to process barter trade transactions between China and Taiwan
Sino Fibre Communications, a broadband and value added internet services provider in China, has signed a memorandum of understanding with Taiwan Barter Exchange Company, in a joint cooperation to develop and barter trade with Sino Fibre’s joint venture, China Business Online Company.
Taiwan Barter Exchange (TBE) will act as a barter trade marketing arm for the joint venture (JV) company and serve as a gateway to process the barter trade transactions between China and Taiwan.
Sino Fibre’s joint venture is with the China Association of Small and Medium Enterprises, which is expected to develop the Chinese market and introduce e-business and provide barter trade services to Chinese small and medium sized enterprises.
Daniel McKinney, CEO of Sino Fibre, said: This agreement with TBE will greatly expand our business reach and facility for trading among the medium and small businesses in China and Taiwan, as the Chinese central government is pursuing large scale growth in the agriculture sector under the current economic stimulation plan. The addition of TBE will complement our previous agreements, which will ultimately bring more traffic to ride on the fiber optic network we represent and are in the process of acquiring.