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Taiwan’s farmers brace as China ends key tariff exemptions

Reporter TVBS News Staff
Release time:2024/09/19 10:02
Last update time:2024/09/19 10:34
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Taiwan braces as China ends tariff perks (TVBS News) Taiwan’s farmers brace as China ends key tariff exemptions
Taiwan braces as China ends tariff perks (TVBS News)

TAIPEI (TVBS News) — Taiwan's Ministry of Agriculture (MOA, 農業部) warned on Wednesday (Sept. 18) that China's suspension of tariff exemptions on 34 Taiwanese agricultural products will significantly impact exports like pineapples, sugar apples, pomelos, and ribbon fish. The suspension, which takes effect on Sept. 25, could result in added costs for Taiwanese farmers and exporters.

Agriculture Minister Chen Junne-jih (陳駿季) explained that China currently exempts tariffs on 52 Taiwanese agricultural items, in line with agreements from 2005, 2007, and the Economic Cooperation Framework Agreement (ECFA). The new policy will target products listed under the 2005 and 2007 agreements.

 

Chen highlighted that pineapples and pomelos, listed under the 2005 agreement, are expected to suffer the most, while ribbon fish from the 2007 list will also be heavily impacted. According to 2023 data, the tariff suspension could cost Taiwan nearly US$1.08 million, including US$650,000 for items under the 2005 agreement and US$420,000 for those from 2007.

He added that Taiwan has been working to expand agricultural exports through international channels since China began restricting certain Taiwanese products. The ministry will continue monitoring the fallout from China's actions.

China's Ministry of Finance (中國財政部) announced the policy on Wednesday evening, citing Taiwan's alleged discriminatory measures against Chinese goods, which they claim have hindered cross-strait economic cooperation.

Taiwan Affairs

#Taiwan agriculture# China tariffs# agricultural exports# tariff exemptions# pineapples# pomelos# ribbon fish# Economic Cooperation Framework Agreement# cross-strait relations# international marketing channels

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