Paraguay: 11 products will have zero tariff in trade with Taiwan

Published 2022년 1월 14일

Tridge summary

Starting January 15, 2022, Taiwan will exempt tariffs on eleven products from Paraguay, including frozen bovine offal, prepared or preserved beef, and rice paper, in line with Decree No. 7577, Decision No. 7. This decision, signed by Taiwan's president, TSAI Ing-Wen, aims to foster economic growth through the Economic Cooperation Agreement between Taiwan and Paraguay, encouraging more trade and strengthening the already friendly relations between the two nations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Editorial PortalPortuario.cl/IP Agency, @PortalPortuario, As of January 15, 2022, the exemption from tariffs for the entry of eleven Paraguayan products into Taiwan, such as hamburgers, pork, beef offal, rice paper, among others, comes into effect. Decision No. 7 of Decree No. 7577 will come into operation, by which 11 more tariff lines are reduced to 0% for imports by Taiwan from Paraguay. The products of Paraguay are frozen bovine offal, prepared or preserved beef (hamburger meat), rice paper, they will be exempt from tariffs for export to Taiwan. For this purpose, the president of the Republic of China (Taiwan), TSAI Ing-Wen signed and published the aforementioned decree on December 15, 2021, within the framework of the Economic Cooperation Agreement (ECA) between the Republic of China (Taiwan) and the Republic of Paraguay. It should be added that this decision was studied by the Bureau of Foreign Trade (BOFT) of the Ministry of Economic Affairs of the Republic of China ...

Source: CLPortalportuario