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Free trade lifts exports to Taiwan

The dropping of tariffs on virtually all dairy products, apples, cherries and wine exported to Taiwan has contributed to a 20% rise in two-way trade.

Nevil Gibson for NBR Food Industry Week
Thu, 11 Dec 2014

The dropping of tariffs on virtually all dairy products, apples, cherries and wine exported to Taiwan has contributed to a 20% rise in two-way trade.

The economic cooperation agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Anztec) is a year old. In particular, apple exports have tripled from $13 million to $39 million.

New Zealand’s total exports to Taiwan were up by $150 million to $884 million from December 2013 to September this year.

“Over 69% of New Zealand’s exports to Chinese Taipei are now tariff free, representing savings of around $78.4 million to date,” Trade Minister Tim Groser says.

Anztec will see the complete removal of tariffs on New Zealand’s exports to Taiwan, with 99% eliminated in four years.

In the year ending September 2014, Taiwan was New Zealand’s seventh largest goods export market worth more than $1 billion. Over the same period, imports from Taiwan were up 12% to $661 million. 

Nevil Gibson for NBR Food Industry Week
Thu, 11 Dec 2014
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Free trade lifts exports to Taiwan
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