Paraguay obtains zero tariff for pork exports to Taiwan

Published Mar 27, 2024

Tridge summary

In 2023, Paraguay marked a significant achievement in its pork export sector, witnessing a 541% surge in exports to Taiwan, which now constitutes 90% of its total pork exports. This development, highlighted by the Minister of Industry and Commerce, Javier Giménez, positions Taiwan as Paraguay's largest pork market. The growth in exports is anticipated to bring substantial economic benefits, including the creation of around 25,000 jobs and an expected annual revenue of USD 100 million during the current government's tenure. Additionally, a Zero Tariff agreement on pork and 16 other products aims to boost Paraguay's competitiveness in the Taiwanese market, promising further economic growth and job opportunities.

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

Original content

The announcement was made by the Minister of Industry and Commerce (MIC), Javier Giménez, accompanied by the ambassador of Taiwan, José Chih-Cheng Han, and representatives of the productive sector, who met with the President of the Republic, Santiago Peña, in Mburuvicha Róga. Taiwan represents the largest export market for Paraguayan pork with 90% of total shipments. The opening of this market allowed 7,689 tons to arrive in the market located in Asia in 2023. So far this year, 1,195 tons have already been sent, according to data from the National Animal Quality and Health Service (Senacsa). In 2023, this sector achieved a historical maximum in pork exports to the Taiwanese market, as it registered an increase of 541% in the volume shipped, compared to the total shipped in 2022. Last year's shipments totaled USD 19 million, according to Senacsa, and it is expected that the export level will reach USD 100 million per year during the current government period, said Minister Javier ...

Source: Agromeat