Taiwan is about to reduce import tax on cashew nuts

Illustration Accordingly, in order to synchronize with industry development policies, the import tax rate for "dry, shelled cashews" into Taiwan will be reduced to 10% instead of the tax rate of NT$26.2/kg. or 16% today. The Taiwanese side's announcement also said that this amendment is also to reduce food processing costs, increase consumption of nut products and improve people's health and happiness. According to statistics of the Taiwan Foreign Trade Administration, Vietnam is the largest cashew nut export partner (shelled and unshelled, HS code: 0801) to Taiwan for many years. In addition to Vietnam, Taiwan also imports cashews from other partners such as Indonesia, ...