Radio Taiwan International
Date: 2018-02-27

A trade agreement concluded between Taiwan and Paraguay last year is set to take effect on Wednesday.

Paraguay is Taiwan’s sole diplomatic ally in South America.

Under the agreement, Paraguay is set to lower or eliminate tariffs on 19 categories of Taiwanese products. The reduced tariffs are to set at preferential rates lower than those of South America’s Southern Common Market, of which Paraguay is a member.
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