Paraguay: 11 products will benefit from zero tariffs in trade with Taiwan
RIO DE JANEIRO, BRAZIL – Decree No. 7577, Decision No. 7 will come into force, whereby 11 more import duties are cut to 0% for Paraguayan products to Taiwan. The products from Paraguay are frozen beef offal, prepared or preserved beef (hamburger meat), and rice paper.
President of the Republic of China (Taiwan) TSAI Ing-Wen on December 15, 2021 signed and published the aforementioned decree, within the framework of the Economic Cooperation Agreement (ECA) between the Republic of China (Taiwan) and the Republic of Paraguay.
The decision was reviewed by the Republic of China’s (Taiwan) Bureau of Foreign Trade (BOFT) of the Ministry of Economic Affairs, and several importing associations have been notified of the decision, according to the Embassy of the Republic of China (Taiwan) to Paraguay.
The main goal of the Economic Cooperation Agreement is to promote economic growth by fostering trade between the two nations. This decision promotes and encourages further cooperation between the two countries, which are not only friends but also partners.
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