The 16th annual Shandong-Taiwan Economic and Trade Fair has attracted over 600 enterprises from both sides. In the spotlight are some of the latest high-tech products.

This multi-functional rear-view mirror is a new gadget developed by a Taiwan-based company. The driver can see GPS, an electronic compass and more - all within the mirror. The device makes all kinds of information available without the driver even having to turn his or her head. The company says it will launch the product in the mainland on January 1st 2011, thanks to the framework for the ECFA.

Yang Zhijian, Staff of Mobiletron Eletronics Co., Ltd. said "The ECFA reduces logistic costs and cancels the tariff levied on products. It brings Taiwan and mainland closer."

Mainland companies are also bringing their best to the fair. This 8-speed automatic gearbox is garnering a lot of attention. It has eight forward gears and one reverse. Despite all those options, it can still be fit into a regular 5-speed automatic gearbox casing. This innovative product was developed by a local enterprise in Shandong.

Liu Xiangwu, Board Chairman of Shengrui Transmission Co. Ltd. said "The 8-speed automatic gearbox has filled a blank in China`s auto market. Many Chinese enterprises have contacted us during this trade fair, especially Taiwan`s Yulon Motors, which has come all the way here to talk to us about technical details. We expect to launch this product next year."

And it`s not just trendy high-tech gadgets. Industrial and agricultural products are also being showcased and promoted at the fair.