Focus Taiwan
Date: 2019/09/04
By: Liao Yu-yang and Joseph Yeh

Taipei, Sept. 4 (CNA) Preferential tariffs between Taiwan and Paraguay will officially go into effect Sept. 5, with Taiwan agreeing to remove or reduce tariffs on 31 categories of Paraguayan products, the Bureau of Foreign Trade (BOFT) said Wednesday.

In return, Paraguay has agreed to reduce tariffs on 14 categories of Taiwanese products, as a follow-up to a bilateral economic agreement between the two diplomatic allies that took effect in February 2018, the BOFT said in a statement.

The 14 categories of Taiwanese products include rice noodles, woven fabric products, knitwear and handbags, as well as a variety of iron, steel, machinery and motors.

Meanwhile, Taiwan will allow imports of up to 60,000 tons of sugar per year from Paraguay tariff-free.    [FULL  STORY]