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Diplomatic break with Taiwan hits Honduras shrimp trade
Honduras’ shrimp exports drop nearly 25% in 2024, marking a historic decline. The loss of the Taiwanese market after a diplomatic break is a key factor.2024/11/07 15:26 -
Taiwan aims to boost pork exports after swine fever win
Taiwan aims to expand its pork exports after being declared free from African swine fever by the World Organisation for Animal Health. Premier Cho Jung-tai announced efforts to enter markets in the Philippines, Singapore, and Malaysia, highlighting successful disease prevention and collaboration.2024/11/01 17:42 -
MOA says impact of China’s tariff policy change manageable
Discover how Taiwan’s Ministry of Agriculture responds to China’s decision to end tariff exemptions for 34 Taiwanese agricultural products, aiming to mitigate impact and diversify export markets.2024/09/19 10:18 -
Kaohsiung leads Taiwan in guava market share
Kaohsiung City leads Taiwan’s guava market, exporting 740 metric tons by May 2024 and hosting international tasting events to boost sales. Learn more about their global strategy.2024/07/08 15:44 -
Taiwan dominates Vietnamese oyster market with 77% share
Vietnam’s oyster exports experienced a substantial increase of 56% in 2023, surpassing US$14 million in value. Taiwan played a significant role in this growth, accounting for over 77% of Vietnamese oyster exports, marking a 26% increase compared to the previous year. The Vietnam Association of Seafood Exporters and Producers (VASEP) reported that the export value of Vietnamese shellfish products, including oysters, clams, and snails, reached US$127 million in 2023, showing a decline of 12% compared to the previous year. Among the shellfish exports, clams accounted for 62%, snails for 12%, and oysters for 11% of the total. While the export of Vietnamese clams and snails experienced decreases, oyster exports saw a remarkable surge, with Taiwan alone contributing to more than three-quarters of this growth, amounting to almost US$11 million. Other significant markets for Vietnamese oysters include Laos, Cambodia, and Japan. Clams remain Vietnam’s most crucial shellfish export, with an export value of nearly US$79 million in 2023, showing a 17% decrease from the previous year. This decline can be attributed to a significant reduction in imports by key markets such as Spain and Italy, which decreased by 15% and 36% respectively.2024/02/05 12:47 -
Taiwan’s petrochemical industry unfazed by ECFA termination
The termination of the Economic Cooperation Framework Agreement (ECFA) has raised concerns about its impact on Taiwan’s petrochemical industry. However, corporate entities in Taiwan have stated that the impact has been limited. This is due to Taiwan’s efforts to reduce its dependency on China for exports, as China increases its domestic supply of petrochemical products. Taiwanese firms are expanding into other export markets and focusing on enhancing the competitiveness of their high-value products. The move is a response to China’s accusations of discriminatory bans and restrictive measures on Chinese products, which China’s Customs Tariff Commission of the State Council sees as violating the ECFA. The ECFA’s "Early Harvest List" included 88 tax reductions on Taiwan’s petrochemical industry by China. With the suspension of tariff privileges, these corporations anticipate that the tax rate on associated products could rise from the current 0% to between 2% and 10%.2023/12/22 18:10 -
Chao blasts DPP for ’chaos’ in Taiwan’s governance
KMT vice presidential candidate Chao Shao-kang criticizes the DPP’s absolute control of Taiwan’s governance, blaming it for causing chaos in the nation. Chao highlights the DPP’s warnings that a KMT majority would undermine checks and balances, leaving Taiwan "hollowed out". He argues that the DPP’s eight years in power have resulted in a financial deficit, increased cross-strait tensions, and the loss of nine diplomatic allies. Chao also points to a 19-month decline in export markets, exacerbating wealth inequality and housing issues. He attributes these outcomes to the DPP’s dominance from the presidency to the legislature, arguing that local governments focus on infrastructure projects unrelated to Taiwan’s political influence.2023/12/11 20:22