Tariff Reduction Extended on Butter and AMF into Taiwan
Monday, 9/3/09
In a challenging economic environment the Taiwan administration has announced a decision to extend its unilateral tariff reductions on butter and milk fat imports for a further six months, to 18 August 2009. This is good news for New Zealand exporters, as New Zealand is the number one supplier of butter to Taiwan with 71% market share, and follows on from an extension of the milk powder tariff reductions in November of last year. The 50% tariff reduction provides a reduced tariff rate for butter (HS Code 04051000) of 2.5% and for anhydrous milk fat (HS Code 04059010) of 4%.
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