By: Chen Chun-hua and Ko Lin
The amendment to the Foreign Trade Act raises the maximum fine from NT$300,000 (US$9,834) to NT$3 million for using fake trade certificates or placing fraudulent labels of origin on exports and imports.
Under the amendment, the minimum fine has been doubled, from NT$30,000 to NT$60,000, as part of the Taiwan government's efforts to prevent transshipment of Chinese products to the United States via Taiwan, the Cabinet said.
According to the Cabinet, there have been recent instances of such illegal actions, with the products being shipped to the U.S. bearing a "Made in Taiwan" label, in a bid to avoid high American tariffs on certain goods exported from China, the Cabinet said. [FULL STORY]