August 13, 2008


Taiwan extends 50 percent cut in wheat, other import tariffs to February 5



Taiwan's s government has extended a 50 percent reduction in import tariffs on wheat and seven other commodity items by six months to ease inflationary pressures, the Ministry of Finance said in a statement Tuesday (August 12).


The government decided to extend the cut in import tariffs until Feb. 5, 2009, as global commodity prices remain higher than "normal levels" seen early last year, the ministry said in the statement.


In August last year, Taiwan halved its import tariffs on seven items, including wheat, feed corn and soy for six months. It extended the tariff cut in February for another six months ending Aug. 5, and added soft white wheat to the list of commodities enjoying reduced tariffs.


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